Gold’s record-breaking streak paused as traders took profits ahead of the Federal Reserve’s decision, leading to a 6% drop from its $4,380/oz peak. US-China trade tensions eased, with officials reaching a “preliminary consensus” and talks setting the stage for a broader deal between Trump and Xi Jinping.

The softer macro backdrop and expectations of a Fed rate cut dimmed gold’s rally. Silver and platinum also fell ahead of the decision. However, Bitcoin saw a 5% gain, breaking out of a month-long range and flashing an oversold reading against gold, historically signaling a potential bottom.

Read more at Yahoo Finance: Gold’s Pause is Bitcoin’s Pulse as Risk Appetite Returns Ahead of the Fed Week