A “supergiant” gold ore deposit under an existing gold mine in China could be the world’s largest gold ore deposit. Officials estimate that the extent of the find could be 1,100 tons stretching as deep as 9,800 feet below the surface. The find also shows promise as that of a high-quality producer of gold.

US & China reach shaky trade deal; US CPI inflation holds; US Treasury bond auction getts less demand; China vehicle sales very strong; UST 10yr at 4.42%; gold holds and oil rises; NZ$1 = 60.4 USc; TWI-5 = 68.

Gold advanced even after the US and China said they had agreed on a plan to ease trade tensions during talks in London.

U.S. and China bark, Ukraine bites Even though the U.S. Court of International Trade (CIT) in New York ruled that the Trump administration had overstepped its authority in imposing sweeping tariffs on many countries back on April 2,

Prices of platinum, a white precious metal, have rallied over 30% this year, echoing robust gains in gold prices.

Globally, gold prices edged higher on Wednesday as uncertainty surrounding the finalization of a U.S.-China trade agreement weighed on sentiment and fueled some safe-haven buying, with investors awaiting key U.S. inflation data for further market direction, Reuters reported.

While the recent Geneva trade agreement signaled a thaw in US-China tensions, Beijing is pursuing a deeper strategy: weakening the dollar's dominance by anchoring its financial system in gold and the yuan.

Gold’s price has moved higher since the beginning of the week, with gold’s price currently just above $3300 per troy ounce. In today’s report we intend to discuss fundamental issues that may be affecting the precious metal’s price action and conclude the report with a technical analysis of gold’s daily chart.

Gold prices rebounded on Wednesday to $3,335 per ounce, mainly due to uncertainty surrounding the finalization of a US-China trade deal and in anticipation of key U.S. inflation data. Officials on both sides agreed on a framework and on track to remove China's export restrictions on rare earths.