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Gold prices are currently experiencing a pullback from three-week highs of $4,774 following Asian trading sessions, as markets anticipate profit-taking ahead of the Trump-Xi meeting. The meeting between U.S. President Donald Trump and Chinese President Xi Jinping is expected to influence global trade dynamics, which could impact gold's safe-haven appeal. Additionally, India's recent restrictions on gold imports have added uncertainty to the market, as the country is a major consumer of the precious metal. For traders, the outcome of the U.S.-China negotiations and India's policy decisions will be critical in determining short-term price direction. The geopolitical tensions and trade policies often drive gold prices, making this event significant for commodity markets. Investors should monitor central bank policies and geopolitical developments for further clues on gold's trajectory in the coming weeks.
