Gold prices dropped to $3,320 per ounce.
- Meanwhile, stock indices rose led by the technology and industrial sectors.
- The US dollar has started to recover some of its losses, showing a clear recovery after hitting a three-year low.
* In a related context, US monetary policy officials issued warnings about the effects of tariffs on the economy, especially concerning inflation and employment.
* While some voices have called for caution and reliance on data, others have warned that uncertainty may lead to a freeze in investment decisions and rising unemployment rates.
- Concurrent statements from the US side showed a tendency to soften the confrontational tone with Beijing, amid hopes for a "big deal" on the trade front.