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Gold prices have suffered a significant decline in international markets following the trade truce reached between the United States and China, two of the world's largest economies.
The agreement between the two countries has brought a reduction in economic and geopolitical tensions, which until now had driven increased demand for gold, as a safe haven for investors in times of uncertainty.
As a result, the price of gold fell below the psychological threshold of $4,000, falling by 2.9% to $3,994.
Analysts point out that markets are reacting to expectations of a stabilization of global trade and improving economic prospects, which could reduce demand for safe assets like gold.
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