The price of gold drops with the fall of the fear of the American Chinese War War

The price of gold has dropped to the lowest level in more than a month with a fall in the tension of the World Trade War, while investors reduce the demand for safe haven. The progress of commercial discussions provided support for the most dangerous assets, the prices of which were widely recovered. The White House said President Donald Trump did a total value of more than $ 243.5 billion with Qatar, pave the way for investment promises that are more than $ 1.2 trillion of the Golf State. As part of customs duties between the United States and China during the weekend, China has suspended the commercial and investment ban on more than twelve US businesses. “Generally, there is an improvement in the morale of the risk, which has reduced the attraction of gold at the moment,” says Oli Hansen, head of the basic commodity strategy at Saksu Bank. Golden alloy prices have been under pressure since the commercial ceasefire between the two largest economies in the world began. The price of gold is still rising by more than 20% this year, and the peak reaches a record level of more than $ 3500 per gram in April. Investors were afraid that the commercial tension caused by Trump’s customs duties would lead to slowdown or even stagnation, as well as the acceleration of inflation. The immediate gold price dropped by 2% at 1:30 p.m. to $ 3,185,59. The Bloomberg index of the immediate dollar saw no significant change. The prices of silver, platinum and fladium dropped.