Gold's Wild Ride as US-China Play Nice... For Now
Key Points
- Gold prices are tumbling after China hints at possible tarif...
Ah, gold prices - the only thing more unpredictable than my investment advisor's stock picks after his third espresso. Today's market shenanigans prove once again that even the shiniest of metals can lose its luster when global powers decide to play friendly.
Tariff Tag, You're It!
China's latest move to potentially exempt some US goods from tariffs has sent gold tumbling from its mighty perch faster than a trader's hopes on a Monday morning. The precious metal dropped $21 to $3,327, proving that even safe-haven assets can get cold feet when international relations show signs of warming up....
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