Gold slid below $4,000 an ounce, extending losses from the worst rout in over a decade as progress on a US-China trade deal sapped haven demand. Spot gold fell as much as 3.2% below $3,990 an ounce, following last week’s abrupt halt to rapid advances on concerns the record-breaking rally had run too far. Chinese and US trade negotiators have lined up an array of diplomatic wins for President Donald Trump and counterpart Xi Jinping to unveil at a summit this week. A trade agreement between the world’s two ...

Group 1 - Silver experienced a significant decline of over 6%, marking its largest drop in six months, as the precious metals market retreated following a recent rally [1][2] - Easing concerns over credit quality in the US and trade tensions between the US and China have reduced haven demand for gold and silver [2][3] - A historic squeeze in the silver market in London is showing signs of alleviation, leading to profit-taking by investors [2][3] Group 2 - The retreat in precious metals prices coincided with a rebound in Treasury yields, influenced by reduced concerns regarding US regional banks and their lending activities [3] - As of the latest data, spot silver prices have decreased, alongside declines in spot gold, platinum, and palladium [4]