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China Open to Talks if US Shows Respect, Gold Price Hits New Record | The Opening Trade 04/16
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April 16, 2025
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1:36:15Now PlayingChina wants to see a number of steps from President Donald Trump’s administration before it will agree to trade talks, including showing more respect by reining in disparaging remarks by members of his cabinet, according to a person familiar with the Chinese government’s thinking.Gold climbed above $3,248 an ounce for the first time on Wednesday, surpassing the previous all-time peak set on Monday. The precious metal has climbed more than 20% this year as an escalating trade war creates anxieties over the prospect of a global recession. Leading banks remain optimistic about gold’s prospects over the coming quarters, as Goldman Sachs has forecasted that prices will rally to $4,000 an ounce by mid-2026.
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