00:00It's Benzinga bringing Wall Street to Main Street.
00:02Spot gold prices fell below $3,900 per ounce as progress toward a U.S.-China trade deal
00:07eased market tensions, according to Reuters. Analysts view the decline as a temporary pullback
00:11rather than a reversal, setting continued structural support for global demand and
00:15central big buying. Powell Global Management's Torsten Sloan said China remained central
00:19to gold's rally through strong institutional accumulation and household demand.
00:24World Gold Council highlighted macroeconomic uncertainty and rising equity valuations
00:28as drivers for safe haven demand. J.P. Morgan forecasts gold to average $5,059 per ounce
00:34by late 2026, calling it the firm's highest conviction log amid lower yields and inflation
00:40risks. For all things money, visit Benzinga.com.
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