According to HT, PANews reports on April 23 that spot gold continued to decline during the Asian trading session, with the decline expanding to 2% at one point. The reason is that Trump abandoned the threat of firing Federal Reserve Chairman Powell and expressed optimism about reaching a trade agreement with China, which weakened gold's safe-haven appeal. Kelvin Wong, senior market analyst at ONG Asia Pacific, said: "In the short term, these factors led to gold price sell-offs, bringing it to an extremely oversold level. However, from the resistance level above, there are currently no signs of bullish fatigue, so gold prices may still rise."
