Gold prices are consolidating due to trade concerns

Gold prices were kept at a low level due to Monday's holiday and remained close to the high level of $ 1,500, supported by the uncertainty surrounding the trade war between the two countries. United States and China and fears of a slowdown in global economic growth. Spot gold has changed little at $ 1496.42 an ounce.

Gold futures were $ 1508.10 an ounce. Many markets in Asia, including Singapore and Japan, were closed on holidays yesterday.

On Friday, the US president said he was not ready for an agreement with China and even questioned a round of trade talks in September, but White House trade advisor Peter Navarro , said the United States planned to conduct a new round of trade talks with Chinese negotiators. The escalation of the war between the two largest economies in the world has caused a surge in gold prices, which has risen about 6% since the beginning of this month.

For other precious metals, silver fell 0.1% to settle at $ 16.93 an ounce. Platinum rose 0.3% to $ 861.29 and palladium rose 0.3% to $ 1,425.88 an ounce.