The China-U.S. statement ignites Global optimism: Hong Kong and U.S. stocks surged, while Gold fell to a nearly one-month low.

① After the joint statement of the China-U.S. Geneva economic and trade talks was released, the Global financial markets immediately experienced significant fluctuations; ② The Hong Kong stocks expanded their gains in the afternoon, U.S. stock index Futures rapidly surged, while Gold prices fell in response; ③ In the Forex market, the USD rose sharply, and the offshore RMB against the USD also clearly strengthened.

cls.cn17:13

Breaking news! The Ministry of Commerce announced the joint statement on China-U.S. economic and trade talks, causing Gold to plummet over 30 dollars, while Hong Kong stocks surged.

At 3 PM Peking time on Monday, the Ministry of Commerce announced the joint statement from the China-U.S. Geneva economic and trade talks, which is an important step towards significantly reducing tariffs between the two major Global economies.

Golden10 Data15:23

The extremes of ice and fire! The "new king of bonds" warns: Gold is expected to rise by 20%, while U.S. stocks may plummet by 20%.

Gundlach believes that the market is in a risk-off state in the medium term, he is bullish on gold prices reaching the $4,000 mark, and reiterated that the S&P 500 Index could fall to 4,500 points.

Golden10 Data14:18

Gold has been hit hard! The price of gold has plummeted by over 65 dollars. A joint statement from China and the United States is about to be released, and there are sudden reports of a ceasefire between Russia and Ukraine.

In the early trading in Asia on Monday, spot Gold continued its intraday decline, with the gold price currently dropping to around $3260 per ounce, plunging more than $65 during the day. According to analysis from Bloomberg in the USA, the decline in Gold is influenced by signs of progress in US-China trade negotiations and a reduction in geopolitical tensions, which affect Gold's safe-haven status.

FX16809:46

Gold prices faced a "weekend storm" -- substantial progress in Sino-U.S. negotiations, ceasefire between India and Pakistan, negotiations between Russia and Ukraine, and talks between the U.S. and Iran.

Global risk aversion has receded, and Gold has plummeted. High-level economic and trade talks between China and the United States have reached important consensus and made substantial progress. The ceasefire agreement between India and Pakistan has been maintained on Sunday. Putin proposed to resume direct negotiations between Russia and Ukraine in Turkey on the 15th. The previously postponed fourth round of talks between the US and Iran has also begun.

wallstreetcn08:08

Chinese state media reported significant news on China-U.S. economic and trade negotiations, and spot Gold opened significantly lower! Gold prices astonishingly plummeted by nearly 60 dollars.

After the Asian Trade session opened on Monday, affected by optimistic news regarding Sino-US Trade, spot Gold gapped down significantly, and subsequently the gold price further declined, currently around $3266 per ounce, having plummeted nearly $60 during the day.

FX16807:19