Gold prices dropped for a second straight session after President Donald Trump eased his tone on China tariffs and distanced himself from calls to remove Federal Reserve Chair Jerome Powell, according to Bloomberg. Trump said tariffs “will come down substantially,” but not to zero. This shift in tone, along with reassurance about Fed independence, pushed investors toward equities and bonds, causing bullion to fall as much as 3.6%. SPDR Gold Shares saw a $1.27 billion outflow on Tuesday. Spot gold fell to over $3,200 an ounce
