23.10.202506:48:14UTC+00Gold Pauses Decline

Gold prices climbed to approximately $4,120 per ounce on Thursday, interrupting a two-day decline as investors assessed evolving trade dynamics and heightened geopolitical tensions, both of which bolstered the metal’s safe-haven appeal. Reports surfaced suggesting that the US is contemplating export restrictions concerning American-made software to China, although President Donald Trump later affirmed his intention to meet with Chinese President Xi Jinping. Concurrently, Washington declared new sanctions against Russia after the proposed Trump-Putin summit was delayed, following Moscow's refusal to agree to a Ukraine ceasefire. Additional support for bullion came from expectations of two more interest rate cuts from the Federal Reserve by the end of the year. Nevertheless, gold remained roughly 6% below its recent peak, following profit-taking after consecutive record highs, resulting in its most significant weekly loss in more than five years earlier this week.