US-China deal: Dollar and crypto rise, gold falls

Gold prices have started to fall after the US and China lowered their respective taxes, while the dollar and cryptocurrencies are on the rise.

The US and China met in Geneva, Switzerland, over the weekend to resolve tariff and trade disputes, and agreed on some items.

Accordingly, the US will reduce the tariff rate on Chinese goods from 145 percent to 30 percent for 90 days. China will also reduce the tariff rate on US goods from 125 percent to 10 percent during the same period.

Gold prices fell 3.10 percent after the decision.

Having started the day at $3,275.45, an ounce of gold is now $3,220.72 as of 14:30.

The gram of gold, which started the day at 4,075.38 lira, is currently 4,015.624 lira.

The dollar gained value. The dollar, which gained 0.14 percent today, is 38.7734 lira as of 14:30.

Cryptocurrencies also gained more than 1 percent.

Bitcoin rose above $105,000 after the deal was announced. Bitcoin is at $104,380.9 as of 14:30.

Ethereum has gained 1.88 percent in the last 24 hours. Ethereum is at $2,551.03 as of 14:30.