The price of gold fell more than 1%, ending a historic rally that saw the precious metal climb to an all-time high of $3,500 on Tuesday. Investors appeared reassured by comments made by United States President Donald Trump earlier on Tuesday, seemingly allowing for the possibility of a trade deal with China. Trump said tariffs on Chinese goods will not be “anywhere” near the current 145%. At the same time, the president also stated he does not intend to dismiss Federal Reserve Chair Jerome Powell, adopting a more conciliatory tone after previously accusing him of lowering rates to help his political opponents. Gold sank 1.18% at 8:24 pm ET, and sold for $3,341.40 per ounce. At the same time, silver added 0.12%, selling for $32.54 per ounce. Platinum slid 0.1%, settling for $959.62 per ounce while Palladium gained 0.15% and exchanged for $923.43 per ounce.