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Commodities

Gold Teeters on the Brink as Trump-Xi Meeting Looms

Guavy AI Editorial Team
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Oil Gold
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Gold prices hovered around $4,300 on Thursday as markets awaited the highly anticipated meeting between US President Donald Trump and Chinese counterpart Xi Jinping.

The metal's price action has been influenced by oil prices and Treasury yields, which have risen due to inflation fears and hawkish expectations from Federal Reserve policymakers.

US Treasury Secretary Scott Bessent's announcement that the US-China trade truce will be extended until January 10 provided some relief for gold traders, but the metal's price remains susceptible to volatility driven by oil prices and Treasury yields.

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