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At 05:57 GMT, the spot gold price was up 0.1% to 1294.05 dollars an ounce, after reaching its lowest level in more than a month at 1289. , $ 91 in the previous session.D & # 39; gold US dollar futures increased 0.2% to $ 1,296.10.
The US-China trade agreement appears to be close, eliminating US tariffs on Chinese products, as Beijing promises structural changes to its economy and cuts retaliation, a source told Xinhua Sunday. progress of the negotiations.
Says Kyle Roda, Market Analyst at IG Markets in Melbourne "The Dollar Raised Significantly Last Week and Pushed Prices D & # 39; gold But we are seeing a decline from that now (because of the possibility of a trade agreement). "
He said: "The global economy continues to slow down and central banks will have to step in to support their economies, which is given D & # 39; gold An opportunity to rise in the medium term, "adding that the settlement of the war trade would promote an improvement in growth forecasts.
And fell Dollar About 0.1% against major currencies, according to the agency "Reuters".
Pink Palladium 0.6% of cash transactions at $ 1,555 per ounce.
According to analysts, the threat of a possible strike in South Africa, the main producer of self-stimulating metal, keeps the price of platinum on the rise.
And increased Money Increased 0.2% to 15.22 dollars, while platinum also rose 0.2% to 858.35 dollars an ounce.
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At 05:57 GMT, the spot gold price was up 0.1% to 1294.05 dollars an ounce, after reaching its lowest level in more than a month at 1289. , $ 91 in the previous session.D & # 39; gold US dollar futures increased 0.2% to $ 1,296.10.
The US-China trade agreement appears to be close, eliminating US tariffs on Chinese products, as Beijing promises structural changes to its economy and cuts retaliation, a source told Xinhua Sunday. progress of the negotiations.
"The dollar has increased dramatically last week and pushed up prices," said Kyle Roda, market analyst at IG Markets in Melbourne. D & # 39; gold But we are seeing a decline in this situation now (due to the possibility of a trade agreement). "
"The global economy continues to slow down and central banks will have to step in to support their economies," he said. D & # 39; gold An opportunity to increase in the medium term, "adding that the settlement of the war trade would promote an improvement in growth forecasts.
The dollar has fallen about 0.1% against major currencies, according to Reuters.
Palladium rose 0.6% in cash transactions to $ 1,555 per ounce.
According to analysts, the threat of a possible strike in South Africa, the main producer of self-stimulating metal, keeps the price of platinum on the rise.
Silver rose 0.2% to $ 15.22, while platinum also rose 0.2% to $ 858.35 an ounce.
