The market is still being fueled by bullish bets on AI. BofA's Michael Hartnett says two assets in particular could hedge against a pullback.

Gold and silver prices extended last week's sharp losses as the US and China agreed to a framework for trade negotiations, and analysts say prices could move even lower in the near term.

Gold prices fell below $4,000 per ounce on Monday as signs of a thaw in U.S.-China trade tensions reduced some of the bullion's safe-haven appeal, while market participants awaited the U.S. Federal Reserve's interest rate decision this week.

Net imports via Hong Kong to China for September stood at 22.047 metric tons, compared with 26.746 tons in August.

Gold consolidates near $4,014 while silver tests $49.40 resistance amid slowing India demand and renewed buying from China and Singapore.

Gold slipped to a three-week low on Tuesday as hopes for progress in U.S.–China trade talks dimmed its safe-haven allure, while investors' focus tipped over to the Federal Reserve's interest rate decision this week.

Gold prices dropped below $4,000 an ounce in Monday dealings, pressured in part by renewed optimism surrounding U.S.-China trade negotiations. That price level marks a "key threshold" that will define the near-term forecast for the precious metal,

China aims to become custodian of foreign sovereign gold reserves in a bid to strengthen its standing in the global bullion market, according to people familiar with the matter.

Major indexes all closed at all-time highs, with the S&P 500 ending above 6,800 for the first time ever.