As of Tuesday, gold prices remained stable at approximately $3,320 per ounce as market participants anticipated further updates from the ongoing trade negotiations between the United States and China. High-level talks commenced on Monday in London and were scheduled to proceed today, with both nations endeavoring to maintain a delicate truce in a conflict that has evolved from tariff disputes to include restrictions on rare earth elements. Comments by Treasury Secretary Scott Bessent characterized Monday’s dialogue as a “productive meeting,” while Commerce Secretary Howard Lutnick labeled them as “constructive,” fueling optimism for progress in the thawing of relations between the world’s two largest economies. Additionally, investors are eagerly awaiting U.S. inflation data, expected later this week, to gain insights into the Federal Reserve’s prospective monetary policies. Concurrently, a report released by the New York Federal Reserve on Monday indicated that American concerns regarding future inflation lessened in May, coupled with an improvement in confidence concerning their personal financial situations.
The material has been provided by InstaForex Company – www.instaforex.com
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