#Urgent | Gold prices have dropped to around $3400 per ounce today, Tuesday, after surpassing a new record level above $3500 per ounce earlier in the session
Statements from Treasury Secretary Scott Piesen were decisive, as he indicated that ongoing trade tensions with China cannot continue, opening the door for the possibility of easing the trade war
Concerns about tariffs on China and imposing duties on American goods have driven many investors to direct their money towards gold and real cash instead of U.S. bonds and the dollar
Despite this decline, gold prices have risen by more than 33% since the beginning of the year, and the gold-to-silver ratio has reached its highest levels since 1994, excluding the pandemic period