Gold prices fell in Asian trading on Monday, pulling back from record highs as signs of easing tensions between the U.S. and China reduced the metal’s appeal as a safe-haven asset.

Gold Retreats Amid Mixed Trade Signals
As of 01:54 ET (05:54 GMT):

Spot gold dropped 0.8% to $3,292.75 per ounce.

Gold futures expiring in June ticked up slightly, gaining 0.2% to $3,303.77 per ounce.

The pullback comes after gold prices had recently surged to all-time highs, driven by trade uncertainties and a weaker dollar.

U.S.-China Trade Talks: Confusion Clouds the Market
Conflicting reports continue to create uncertainty:

Media outlets reported that China had exempted certain U.S. imports from its 125% retaliatory tariffs.

President Donald Trump claimed last week that tariff negotiations with China were underway and that he had spoken with President Xi Jinping.

However, U.S. Treasury Secretary Scott Bessent later contradicted Trump’s statements, saying he was unaware of any active trade talks and was unsure if Trump and Xi had communicated recently.

China officially denied that any new negotiations were taking place.

This back-and-forth left markets cautious, but overall, safe-haven demand for gold eased slightly amid the prospect of thawing relations.

Key Takeaways for Gold Investors

Gold remains vulnerable to shifts in geopolitical sentiment.

The safe-haven rally could resume if talks stall or tensions flare again.

Traders are now closely watching upcoming economic data and central bank commentary for further clues.

To stay updated on commodities pricing trends, explore theCommodities API.

Final Thoughts
While gold’s recent decline reflects hopes for a U.S.-China trade breakthrough, ongoing uncertainty means volatility could persist. Investors should brace for potential swings as markets react to every new headline on the trade front.

For a detailed view of market-moving economic events, check theEconomics Calendar API.