AXMIN Inc (TSXV: AXM)
AXMIN Inc. (TSXV:AXM) is a Canadian-based exploration and development company with a strong focus on central and West Africa.
During Asia’s early session on Monday, gold prices (XAU/USD) came under pressure, falling to around $3275 as the US dollar strengthened. Positive signals from last weekend’s China-US trade talks in Geneva helped ease the safe-haven demand for precious metals, further weighing on gold.
After two days of discussions, both sides announced that they had made “substantial progress” toward easing trade frictions. Chinese Vice Premier He Lifeng described the consultations with US officials as “an important first step” in stabilizing bilateral trade relationships, while US Treasury Secretary Scott Bessent confirmed that a “major breakthrough” had been achieved. Market participants are closely awaiting the details of the upcoming US disclosure regarding the negotiations.
Analysts have noted that collaboration between the world’s two largest economies in the trade sector might weaken gold’s appeal as a safe haven. However, David Meger, director of metals trading at High Ridge Futures, emphasized that uncertainties related to tariff issues remain the key factor supporting gold prices. Meanwhile, geopolitical risks continue to provide underlying support—even though a ceasefire announced over the weekend between India and Pakistan temporarily eased military tensions, both countries claimed a victory in the border standoff, maintaining regional sensitivity.
Overall, the gold market is grappling with mixed forces. While easing trade tensions have reduced demand for safe-haven assets, persistent geopolitical risks and unresolved tariff uncertainties continue to shore up gold prices. Investors will be keeping a close eye on further developments in the China-US trade negotiations and regional geopolitical dynamics.
