The tension in China-U.S. trade shows signs of easing, reducing the safe-haven appeal of gold, while the market awaits the Federal Reserve's interest rate decision this week. Gold prices fell below $4,000 per ounce on Monday.
Spot gold latest dropped $130.8 or 3.2% to $3,982.2 per ounce. December futures gold fell $140.8 or 3.4% to $3,997 per ounce.
December silver prices fell 3.6% to $46.8 per ounce. December copper prices rose 0.7% to $5.16 per pound. January platinum prices fell 1.3% to $1,581.6 per ounce. December palladium prices fell 3.4% to $1,430.5 per ounce

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The easing of tensions in China-U.S. trade has reduced the safe-haven appeal of gold, causing prices to fall below $4,000 per ounce. Spot gold dropped by $130.8, a decrease of 3.2%, to $3,982.2 per ounce; December futures gold fell by $140.8, a decrease of 3.4%, to $3,997 per ounce. Other precious metals such as silver, platinum, and palladium also experienced varying degrees of decline

In "Commodity," progress in China-U.S. trade suppresses safe-haven demand, and gold prices fall below $4,000