Trump’s Remarks on Fed and China Boost Risk Sentiment, Gold Prices Slide

In a sudden twist of events, the price of gold, a typically reliable store of value, fell sharply by 3% as comments made by President Trump on the Federal Reserve and China’s economic condition significantly buoyed risk appetite among investors. Mr. Trump’s endorsement of the Federal Reserve’s monetary policies and strong positive cues on U.S.-China trade relations instilled a heightened risk sentiment in the market. This ‘risk-on’ sentiment often correlates with a drop in gold prices, as investors flock to higher-yielding, riskier assets. Read More