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Gold prices steadied in Asian trading on Wednesday<\/strong>, recovering slightly from steep overnight losses as easing U.S.-China trade tensions<\/strong> and expectations for progress in global trade talks<\/strong> curbed demand for safe-haven assets.<\/p>\n\n\n\n At 04:21 GMT<\/strong>, spot gold<\/strong> edged 0.1% higher to $4,127.95 per ounce<\/strong>, bouncing from an earlier session low of $4,003.39<\/strong>, while U.S. gold futures<\/strong> rose 0.9% to $4,144.51<\/strong>. The metal plunged more than 5% on Tuesday<\/strong>, its sharpest one-day drop since 2020, after hitting record highs above $4,381\/oz<\/strong> earlier this week.<\/p>\n\n\n\n The recent sell-off was largely attributed to profit-taking<\/strong> after a stellar month-long rally fueled by geopolitical uncertainty<\/strong> and Federal Reserve rate-cut expectations<\/strong>. However, a shift in tone from U.S. officials eased global risk aversion and reduced the appeal of gold as a defensive hedge.<\/p>\n\n\n\n President Donald Trump<\/strong> said an upcoming meeting with Chinese President Xi Jinping<\/strong> could yield a \u201cgood deal\u201d on trade, while also acknowledging the talks \u201cmay not happen.\u201d The comments helped improve market sentiment, prompting a rotation out of safe havens.<\/p>\n\n\n\n Adding to optimism, India\u2019s Mint<\/em> newspaper reported that Washington and New Delhi<\/strong> were close to finalizing a bilateral trade deal<\/strong> that would cut U.S. tariffs on Indian goods to around 15\u201316% from 50%<\/strong>, a move expected to boost global risk appetite<\/strong>.<\/p>\n\n\n\n Investors are now awaiting U.S. Consumer Price Index (CPI)<\/strong> data due Friday<\/strong>, which could guide expectations for the Federal Reserve\u2019s policy meeting next week<\/strong>. A hotter-than-expected reading could limit the central bank\u2019s scope for near-term rate cuts.<\/p>\n\n\n\n The ongoing U.S. government shutdown<\/strong>, now stretching into a third week, has disrupted parts of the data release calendar, adding to uncertainty in markets.<\/p>\n\n\n\n In the broader metals complex, prices traded mostly sideways following Tuesday\u2019s sharp declines.<\/p>\n\n\n\n Despite this stabilization, analysts noted that risk sentiment remains fragile<\/strong>, and gold could stay volatile in the short term as traders balance profit-taking<\/strong>, trade optimism<\/strong>, and Fed policy expectations<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices steadied in Asian trading on Wednesday, recovering slightly from steep overnight losses as easing U.S.-China trade tensions and expectations for progress in global trade talks curbed demand for safe-haven assets. At 04:21 GMT, spot gold edged 0.1% higher to $4,127.95 per ounce, bouncing from an earlier session low of $4,003.39, while U.S. gold …<\/p>\n","protected":false},"author":9,"featured_media":99036,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[],"class_list":["post-120222","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120222"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120222\/revisions"}],"predecessor-version":[{"id":120223,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120222\/revisions\/120223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/99036"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Gold Consolidates After Record Surge<\/strong><\/h3>\n\n\n\n
Focus Turns to U.S. CPI and Fed Outlook<\/strong><\/h3>\n\n\n\n
Other Metals Mixed After Sell-Off<\/strong><\/h3>\n\n\n\n
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