Gold slips 1% as Trump promises 'fair deal' with China

The prices of precious metals fell on Wednesday, with gold decreasing by more than 1%, after United States President Donald Trump promised his administration would achieve a "fair deal" on trade with China, as he said that both countries are interested in making a deal. During a rally in Michigan celebrating 100 days of his presidency, Trump also stated that his administration was "just getting started," easing investors' concerns, and turning them away from safe-haven assets.
Gold dropped by 1.22% to sell for $3,276.77 per ounce. Meanwhile, silver declined by 2.03% going for $32.27 per ounce. At the same time, platinum dipped by 1.19% and sold for $969.53 per ounce, while palladium increased by 0.73% to go for $919.25 per ounce T.