US Stock Movement | Spot gold falls below $4,000, gold stocks collectively decline

On Monday, spot gold fell below $4,000, and gold stocks in the U.S. stock market collectively declined. As of the time of writing, Golden Fields fell over 9%, AngloGold Ashanti dropped over 7.8%, Newmont fell over 6.8%, Gold Fields dropped over 8.9%, Eagle Mining fell over 6%, and Barrick Mining declined over 3.8%. In terms of news, the economic and trade teams of China and the United States concluded a two-day consultation in Kuala Lumpur, the capital of Malaysia. The two sides were guided by the important consensus reached during the various calls between the leaders of the two countries this year and engaged in candid, in-depth, and constructive exchanges on important economic and trade issues of mutual concern, including the U.S. maritime logistics and shipbuilding industry 301 measures against China, extending the suspension period for reciprocal tariffs, fentanyl tariffs and law enforcement cooperation, agricultural product trade, export controls, and more. They reached a basic consensus on arrangements to address each other's concerns. Both sides agreed to further determine specific details and carry out their respective domestic approval procedures. The results of this meeting were positively evaluated by all parties