American trade negotiations are expected to make progress. Gold prices are falling, while copper prices are rebounding.
According to the Securities Times app, after recording the largest single-day decline in nearly a month, copper prices rose. Gold prices further declined from last week's historical high, falling for the third consecutive day. The reason is that Trump stated that progress has been made in reaching agreements with tariff target countries, which may reduce the risks faced by the global economy and metal demand, suppressing the demand for safe-haven assets. London copper futures prices rose to $9,177 per ton, falling more than 3% on Wednesday. Gold prices fell 0.6% at one point, closing near $3,275 per ounce on Wednesday; as of the time of publication, spot gold further dropped by 0.5% to $3,273.40 per ounce.
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