Gold price remains strong, and the market speculates that trade agreements between various countries and the United States may involve adjustments in exchange rates.

After a nearly 3% surge on Monday, the price of gold continued to hold firm, with investors focusing on the weakening US dollar and the prospect of a potential trade agreement with the United States causing ripples in foreign exchange markets such as in Asia. Gold prices were close to $3360 per ounce, following a decline in the US dollar against other major currencies, leading to speculation that trade agreements with the US may involve currency adjustments. President Trump also claimed that the US government could reach an agreement as early as this week. Gold prices have risen by over a quarter since the beginning of the year, reaching a historical high of over $3500 per ounce in April, but have since slightly pulled back in the past few weeks. As of the time of writing, the spot gold price has risen by 0.79% to $3360.30 per ounce.