Commodities

Gold Advances as Market Weighs Upcoming US-China Trade Talks

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By Jack Ryan and Yvonne Yue Li

May 8, 2025 at 11:42 PM UTC

Updated on

May 9, 2025 at 3:15 PM UTC

Gold rose at the end of a volatile week as investors focused on the outcome of upcoming trade talks between the world’s two largest economies.

Bullion is heading for a weekly gain of about 3%. US President Donald Trump floated an 80% tariff on China ahead of negotiations due to begin Saturday as he urged Beijing to do more to open their markets to US goods.