On October 27, gold prices fell to nearly $4000 per troy ounce.
Global gold prices are declining on Monday, October 27, to approximately $4050 per troy ounce, losing 2.13 percent at the time of writing, according to trading data. According to Investing, at its lowest, the asset fell to $4028.21 on Monday.
Thus, over the course of 10 days, since the time when the asset's value was approaching $4400 per ounce, it has decreased by almost 10 percent.
According to experts, the new price drop is caused by the markets' reaction to the surprise of a potential imminent trade agreement between the USA and China. This was pointed out the day before by U.S. Treasury Secretary Scott Bessen.
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