$PAXG

Gold falls further from last week's record high as reduced concerns about the trade war lessen demand for safe-haven assets. The precious metal then drops by 1.6% and is now 6% below the $3,500 per ounce reached last week when the gold rally had taken it into overbought territory.

Erratic financial movements caused by President Donald Trump's tariff announcements on April 2 have decreased, and investors are watching for any signs of progress in U.S. trade negotiations after Trump suggested that another delay in his higher tariffs was unlikely. Asian economies are leading trade talks with the administration, ahead of their Western counterparts.