Gold swung between gains and losses — following a sharp sell-off that swept the broader the precious metals complex at the end of last week — as signs of easing US-China tensions bolstered sentiment across markets.
Bullion fluctuated before trading little changed as Asian markets opened Monday, extending the volatility that followed Friday’s 1.7% drop — the steepest daily loss since May. Silver retreated as much as 1.2% before trimming losses, after closing 4.3% lower in the previous session on signs that a squeeze in London stockpiles may be easing.
Technical indicators, including the relative strength index, show that a ferocious rally for precious metals that began in August — and pushed gold and silver to fresh all-time highs last week — may be overheated, setting the stage for pullbacks.
Traders are now focused on upcoming discussions between the US and China, after President Donald Trump late last week expressed
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