Gold Prices Dip as Trump Eases Stance on China Tariffs, Powell

Gold prices fell Wednesday after President Trump hinted at lower tariffs on China and said he won’t fire Fed Chair Jerome Powell.
The shift calmed markets, reducing demand for gold as a safe haven.
Spot gold dropped 1.6%, while futures declined 2.3%.
A stronger dollar and easing geopolitical tensions also contributed.
Analysts still expect long-term gains amid lingering uncertainties