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Section1: Commodity Update:
Gold experienced a notable downturn on Monday, dropping by more than 1% to approximately USD 3,260 per troy ounce. This decline, which established a one-week low for precious metal, can be attributed to a tempering demand for safe-haven assets. Market sentiment was influenced by growing optimism surrounding the trade dialogue between the United States and China. Officials from both countries concluded discussions over the weekend, signaling a positive outcome, with Beijing announcing plans to launch formal negotiations and Washington highlighting progress toward a deal. Treasury Secretary Scott Bessent also said he would provide more details in a full briefing on Monday.
Data Source: Trading Economics
Section2: Company Overview and Fundamental Insights:
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