Trump changes stance to calm market concerns, gold prices fall from high levels

According to BlockBeats, on April 23rd, spot gold fell for the second consecutive day after breaking through the $3500/ounce mark for the first time, as US President Trump seemed to have released a conciliatory stance and investors took profits. In the morning session of Sanya, the gold price fell by 1.9% at one point, and closed down 1.3% the previous trading day. Gold prices began to decline shortly after hitting a historic high of $3500.10 on Tuesday, as risk appetite improved, stock markets rebounded, and bond markets and the US dollar stabilized. After the surge in gold prices in April, investors began to profit. Its 14 day relative strength index shows that gold is in an overbought state. Although gold prices have fallen for two consecutive days, they have still risen by over 25% this year, as trade tensions and deteriorating economic growth prospects have boosted demand for safe assets. Strong buying from central banks and gold ETF investors also supported gold prices. (Golden Ten)