India, May 14 -- Gold prices dipped on Wednesday as the U.S.-China trade truce helped ease fears of a potential U.S. recession and dimmed bullion's appeal as a safe haven.
Spot gold fell 0.6 percent to $3,231.11 per ounce in early European trade, while U.S. gold futures were down 0.4 percent at $3,236.31.
A tariff truce between the United States and China officially came into effect today, initiating a 90-day pause in a prolonged trade confrontation that has caused widespread disruption across global markets and supply chains.
Meanwhile, the U.S. has slashed the "de minimis" tariff on low-value China shipments to 54 percent from 120 percent, marking another trade de-escalation. China has reportedly lifted its ban on Boeing (BA) plane del...