Gold inched up to around $3,990 per ounce on Tuesday but remained near a two-week low, as optimism over US–China trade progress weighed on safe-haven demand. Over the weekend, officials from both countries said they had reached a framework agreement on tariffs and other key issues during talks in Malaysia, paving the way for Presidents Trump and Xi to finalize the deal later this week in South Korea.
From a technical view, key support lies near $3940, while resistance is seen around $4,050.
Silver hovered near $46.80 in Tuesday’s Asian session, extending its third day of losses after falling 3.78% as investors moved to risk assets amid optimism over U.S.–China trade talks. Officials from both countries announced in Malaysia that a framework deal on tariffs had been reached, paving the way for Trump and Xi to finalize it in South Korea this week.
From a technical view, resistance stands near $47.90, while support is located around $45.60.
