US Stock Market Move | Spot gold falls below $4000. Gold stocks collectively trend downwards.

On Monday, spot gold fell below $4000, and US gold stocks as a whole declined. As of the time of publication, Gold Fields Limited Sponsored ADR (GFI.US) fell by more than 9%, AngloGold Ashanti (AU.US) fell by more than 7.8%, Newmont Mining (NEM.US) fell by more than 6.8%, Coeur Mining, Inc. (CDE.US) fell by more than 8.9%, Agnico Eagle Mines Limited (AEM.US) fell by more than 6%, and Barrick Mining (B.US) fell by more than 3.8%. On the news front, the Chinese and American trade teams concluded a two-day consultation in Kuala Lumpur, Malaysia. Guided by the important consensus reached in the multiple phone calls between the leaders of the two countries this year, the two sides had frank, in-depth, and constructive discussions on important economic and trade issues of mutual concern, such as the US measures against Chinese maritime and shipbuilding industry under the Section 301, the extension of the suspension of equivalent tariffs, fentanyl tariffs and law enforcement cooperation, trade of Shenzhen Agricultural Power Group, export controls, and they reached a basic consensus on arrangements to address their respective concerns. Both sides agreed to further determine specific details and go through their respective domestic approval procedures. The results of this meeting have been positively evaluated by all parties.