US Stock Movement | Spot gold falls below $4,000, gold stocks collectively decline
On Monday, spot gold fell below $4,000, and gold stocks in the U.S. stock market collectively declined. As of the time of writing, Golden Fields fell over 9%, AngloGold Ashanti dropped over 7.8%, Newmont fell over 6.8%, Gold Fields dropped over 8.9%, Eagle Mining fell over 6%, and Barrick Mining declined over 3.8%. In terms of news, the economic and trade teams of China and the United States concluded a two-day consultation in Kuala Lumpur, the capital of Malaysia. The two sides were guided by the important consensus reached during the various calls between the leaders of the two countries this year and engaged in candid, in-depth, and constructive exchanges on important economic and trade issues of mutual concern, including the U.S. maritime logistics and shipbuilding industry 301 measures against China, extending the suspension period for reciprocal tariffs, fentanyl tariffs and law enforcement cooperation, agricultural product trade, export controls, and more. They reached a basic consensus on arrangements to address each other's concerns. Both sides agreed to further determine specific details and carry out their respective domestic approval procedures. The results of this meeting were positively evaluated by all parties
According to Zhitong Finance APP, on Monday, spot gold fell below $4,000, and U.S. gold stocks collectively declined. As of the time of publication, Gold Fields (GFI.US) fell over 9%, AngloGold Ashanti (AU.US) fell over 7.8%, Newmont (NEM.US) fell over 6.8%, Coeur Mining (CDE.US) fell over 8.9%, Agnico Eagle Mines (AEM.US) fell over 6%, and Barrick Mining (B.US) fell over 3.8%. On the news front, the economic and trade teams of China and the United States concluded a two-day consultation in Kuala Lumpur, the capital of Malaysia. The two sides, guided by the important consensus reached during the various calls between the leaders of the two countries this year, engaged in candid, in-depth, and constructive discussions on important economic and trade issues of mutual concern, including the U.S. maritime logistics and shipbuilding industry 301 measures against China, extending the suspension period for reciprocal tariffs, fentanyl tariffs and law enforcement cooperation, agricultural product trade, and export controls. They reached a basic consensus on arrangements to address each other's concerns. Both sides agreed to further determine specific details and carry out their respective domestic approval procedures. The results of this meeting have been positively evaluated by all parties
