Gold Price Falls Below $4,000 For The First Time Since Trump Threatened ‘Massive’ Tariff Hikes On China
Synopsis
Gold prices fell below the $4,000 mark for the first time since October 10, when President Donald Trump threatened “massive” tariff hikes on China.
Spot gold prices were hovering at $3,983 per troy ounce at the time of writing, declining by more than 3%. Gold futures maturing in December declined 3.4% to fall to $3,996 before recouping some of the losses.
Gold prices are now down by more than 9% since surging to an all-time high of $4,381 earlier in October.
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