Gold prices slipped to their lowest level in over two weeks, with spot gold trading at around US $3,981.67 per ounce as of early Tuesday, down roughly 3% after a larger decline in the prior session.
The drop reflects a combination of factors: optimism surrounding a potential trade deal between the U.S. and China is reducing demand for safe-haven assets, while market focus also turns to upcoming central-bank policy meetings for further cues.
For 2025, gold had surged strongly—gaining about 51% year-to-date and touching an all-time high of $4,381.21 per ounce.
Despite the short-term softening, analysts remain cautiously optimistic. While the metal faces pressure in the near term, upside remains given ongoing global uncertainty, central-bank accumulation, and strong macroeconomic risks in the medium term.
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