Yahoo Finance

Shares of Newmont the Colorado-based gold miner, fell Monday and gold futures slumped after the U.S. and China agreed to slash tariffs on each other’s goods for 90 days and continue trade talks. Continuous gold futures fell 3.1% to $3,240 per Troy ounce, with investors pivoting to risk-on assets in response to the deal between Washington and Beijing. The move lower put gold on course for its lowest closing price since April 10.