From Investing.com: 2025-05-13 04:14:00

Gold prices plummeted by over 2.69% as trade tensions between the US and China eased, with tariffs being lowered significantly. The decline was driven by improved risk sentiment and reduced demand for safe-haven assets.

The euro dropped by 1.46% against the US dollar after the US and China agreed to reduce trade tariffs, triggering a relief rally in global stock markets and strengthening the dollar. Traders should monitor global trade developments and peace negotiations for potential market impact.

The British pound fell by 0.96% against the US dollar as the US–China trade agreement boosted the dollar’s strength. Rising UK unemployment rates may signal an economic slowdown, potentially leading the Bank of England to consider cutting rates to support employment and stimulate growth. Traders should watch for the US Inflation Rate report for potential impact on GBP/USD.



Read more at Investing.com: Gold Prices Drop as Geopolitical Tensions Ease Amid US-China Trade Deal