Oil Pronge and Gold Take off to a Trading Agreement between America and China

The prices of oil, minerals and agricultural commodities jumped, while the price of gold fell after China and the United States agreed to a mutual reduction in customs tariffs in the aftermath of trade talks early in the trade. Brent raised by London by up to 3.7%, while copper in London rose 1.4%. Future gold contracts have decreased with the decline in demand. The prices of soybeans and iron ore also jumped. China will reduce customs duties on US goods to 10% after raising to 125% when the two countries begin to impose mutual retaliatory restrictions. The reduction will take 90 days, while the states will reduce customs lights to 30% from 145%. In a press release after the talks, US Treasury Secretary Scott Besent said that both parties did not want to disconnect from their economies. The impact of customs duties on goods has been the prices of primary commodities over the past few weeks due to the threat of customs duties that have affected the expectations of global growth for the current year. Market supplements have also begun to reduce the expectations of the oil question, and signs have emerged in recent weeks that measures have already begun to harm the amount of goods entering the United States. The announcement of the agreement came after talks that lasted two days early this week in Geneva, with the participation of Pesent, US commercial actor Jameson Ghrarr and Chinese officials.