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Price Rebound: Gold price today rose 0.6% to $3,254.39/oz, recovering from a previous session’s 2.7% decline.
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Tariff Truce: A 90-day tariff truce between the U.S. and China eased global economic tensions, boosting investor confidence.
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Market Impact: The détente led to rallies in U.S. and Chinese equities, a stronger dollar, and initially falling gold prices.
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Investor Behavior: Bargain hunters stepped in as gold hit a one-week low, viewing it as a buying opportunity.
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Economic Outlook: Despite short-term relief, concerns persist over the fragility of the deal and its temporary nature.
👉 Why this matters: Gold price today surge because gold prices are sensitive to geopolitical tensions; this truce provides temporary relief, but underlying uncertainties remain.
🔗 Source: Financial Times
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🖋️ Written and summarized by our editorial team using AI assistance and human review.
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