Overview
- After Monday’s peak, spot prices slipped to about $4,270 per ounce by 10:30 Tuesday from $4,372, with euro quotes near €3,698 following a €3,741.98 record close on October 20.
- Dealers cited profit-taking as optimism grew about a possible resolution to the U.S. government shutdown.
- Reports of renewed U.S.–China contacts—Treasury Secretary Scott Bessent’s planned meeting with Vice Premier He Lifeng and talk of a potential Trump–Xi encounter in Malaysia—tempered safe-haven flows.
- Despite the pullback, gold is still up about 47.7% year to date and remains at historically elevated levels, according to Gold.de.
- For buyers, quoted prices reflect spot levels while coins and bars carry premiums, and in Germany anonymous in‑person purchases are capped at €1,999.99 with sales tax‑exempt after a 12‑month holding period.