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Gold Prices Drop 3% Amid US-China Tariff Deal

Solomon M. by Solomon M.
May 12, 2025
in Latest News
Key Points:
  • Main event leads to leadership changes and market impact.
  • Tariff reductions ease global trade tensions briefly.
  • Gold declines and crypto sees increased risk appetite.
gold-falls-3-amid-us-china-tariff-deal
Gold Falls 3% Amid US-China Tariff Deal

Lede: Gold prices declined by 3.2% as the US and China announced tariff cuts after negotiations in Geneva.

Nut Graph: The US-China tariff reduction triggers market shifts, lowering gold’s safe-haven status while boosting equities and cryptocurrencies.

Market Impact

The United States and China reached an agreement in Geneva that resulted in a 90-day reduction in tariffs. The decision, confirmed by US Treasury Secretary Scott Bessent, marked a significant but temporary easing of tensions between the two economies.

Both countries will lower tariffs, with the US cutting its tariff on Chinese imports from 145% to 30% while China reduces tariffs on US goods from 125% to 10%. The negotiations represent a mutual effort to stabilize international trade.

Gold prices plummeted by more than 3%, reflecting decreased demand for safe havens as trade risks diminished. Global equity markets responded positively, with US stock indices and European markets experiencing gains.

Financial implications include a notable rise in the US dollar index by 0.9% as investor sentiment improved, leading to increased risk assets and a surge in natural resource prices. Cryptocurrencies like Bitcoin and Ethereum benefited from the risk-on atmosphere.

Historical market reactions to similar trade deals indicate riskier digital assets may attract both retail and institutional attention, enhancing flows into both equities and cryptocurrencies. Past events like the 2019 US-China trade agreement suggest similar market patterns.

**”Both nations have come to a consensus on a 90-day pause and significantly lower the tariff rates. Both sides will reduce their reciprocal tariffs by 115%”**, stated Scott Bessent, Treasury Secretary of the United States.
Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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Ethereum’s Rally Sparks Market Optimism and Caution

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US-China Tariff Deal Leads to 3% Gold Decline

Solomon M.

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