US EditionThis Chart Shows Bitcoin's (BTC) Bull Run Against Gold (XAU) Expected to Accelerate as U.S.-China Trade Tensions Ease
- Gold prices fell sharply on Monday, May 12, with spot gold dropping 1.4% to $3,277.68 per ounce amid easing U.S.-China trade tensions.
- This decline followed positive trade talks held over the weekend in Switzerland, where the U.S. and China agreed to reduce tariffs on each other's goods for 90 days.
- Investors shifted funds from safe-haven assets like gold toward riskier investments such as cryptocurrencies and equities, supported by renewed market confidence.
- Senior analyst Jigar Trivedi noted gold could continue to fall toward $3,200 per ounce as geopolitical risks ease and the dollar strengthens, while Mena Theodorou said tariff cuts may boost risk-on sentiment benefiting crypto and equities.
- As a result, bitcoin has outperformed gold recently, with the bitcoin-to-gold ratio breaking bullish technical patterns and suggesting further gains amid improving macroeconomic conditions.
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20 Articles
Observador
Noticias ao MinutoThe trade agreement between the United States and China stimulates the dollar, affecting the prices of metals. With the fall of this second, gold is being removed from the current maximum historical value of $3,414,65.
Dubai sees major drop in gold prices after US-China trade talk
Dubai: Gold prices in Dubai, United Arab Emirates (UAE), saw a sharp decline on the afternoon of Monday, May 12, with rates falling by Dirham 11.50 (Rs 265.59) per gram. According to the Dubai Jewellery Group, the price of 24-carat gold dropped to Dh 389.00 (Rs 8,983.96) per gram, from Dh 400.50 per gram at the close of trading on Sunday, May 11. Other gold categories also recorded notable declines: 22-carat: Dh 360.00 (Rs 8,314.20) per gram, u…
Gold Falls as Trade Talks, Easing Tensions Impact Haven Demand
Gold fell as demand for haven assets tanked after the US and China agreed to lower tariffs on each other’s products for 90 days, signaling a major breakthrough in trade negotiations that were flagged last week.
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