
Core Points - Spot gold prices fell below $4000, leading to a decline in U.S. gold stocks [1] - Major gold mining companies experienced significant stock drops, with Gold Fields (GFI.US) down over 9%, AngloGold Ashanti (AU.US) down over 7.8%, Newmont Corporation (NEM.US) down over 6.8%, Coeur Mining (CDE.US) down over 8.9%, Agnico Eagle Mines (AEM.US) down over 6%, and Barrick Gold (B.US) down over 3.8% [1] Economic Context - U.S. and China trade teams concluded a two-day discussion in Kuala Lumpur, focusing on key economic issues such as U.S. maritime logistics and shipbuilding industry measures, extension of tariff suspension, fentanyl tariffs and enforcement cooperation, agricultural trade, and export controls [1] - The discussions were characterized as candid, in-depth, and constructive, with both sides reaching a basic consensus on addressing mutual concerns [1] - The outcomes of the talks received positive evaluations from various parties involved [1]
