Online reported that spot gold fell for the second consecutive day after breaking through the US$3500/ounce mark for the first time. The reason was that US President Trump seemed to have released a conciliatory stance and investors took profits. Gold prices fell 1.9% in early Asian trading on Wednesday, after closing down 1.3% in the previous trading day. Gold prices began to fall shortly after hitting a record high of $3,500.10 on Tuesday as stocks rebounded and bond markets and the dollar stabilized as risk appetite improved. Investors began to profit after gold prices surged in April. Its 14th relative strength index shows that gold is overbought. Although gold prices fell for two consecutive days, they are still up more than 25% this year as trade tensions and worsening economic growth prospects boosted demand for safe assets. Strong buying from central banks and gold ETF investors also supported gold prices. (Jin Shi)