The post Trump-Xi Call Eases U.S. Tensions; Gold Drops Below $5,000 appeared on BitcoinEthereumNews.com.

The gold prices dropped drastically within the most recent trading session as the markets responded to the relaxation of the geopolitical tension. The shift came after increased optimism in U.S.-China relations, and this lowered the pressure on safe haven assets. Precious metals and digital assets fell synergistically, which is more indicative of a larger change in risk sentiment. In a recent X post, analyst Mookie pointed out that gold was dumping following remarks of U.S. President Donald Trump. The comment received a market response as the prices fell below a significant psychological level. Gold Declines as Trump Indicates Increasing U.S.-Chinese Relations Gold XAU/USD was at $4,946.53, which is a 0.01% decline below the $5,000 mark. In the initial part of the session, prices moved above $5,080, but the trend lost momentum as the force to sell increased. The fall became more rapid as gold went through $5,040 and was unable to stand any more. Gold fell below the $5000 psychological mark following a sudden rejection of the recent peaks, and the trend accelerated after the post made by President Trump indicating the reduction of tensions between the U.S. and China. Source: Mookie via X. Price action went further and reached the level of $4,920-$4,940, where the buyers showed a momentary interest. This decline from the recent highs indicated a halt in the good run that has been taken in the recent times of this year. The short-term momentum changed to the downward direction with the stop orders being hit in the breakdown. The action came in conjunction with a social media tweet by President Trump. He claimed that he had scored an excellent and very positive phone call with Chinese President Xi Jinping. Trump mentioned talks on trade, military, energy, agriculture, and aviation. Silver Collapse Puts Strain on Precious Metals…

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Filed under: News - @ February 5, 2026 11:22 pm