Gold prices rise slightly despite the agreement between Washington and Beijing

Gold prices rose slightly even after the United States and China announced that they had reached a plan to reduce the voltages during talks in London. Gold trades nearly $ 3,330 an ounce, which earns modest weekly profits. The US Secretary of Trade Howard Lootnick and the commercial representative of China, Lee Cheng Gang, said the two parties in principle agree on a framework to implement the consensus they reached in Geneva. This approach between the two largest economies in the world was supposed to form a negative factor of safe assets such as gold, but the absence of a clear refuge in the precious metal indicates that investors are awaiting additional developments. The demand for gold has the golden jump by more than 25%this year, with US President Donald Trump to implement an offensive customs policy, as well as the destruction of the geopolitical scene. Central banks have also strengthened their gold purchases in an effort to reduce their dependence on US assets. Gold rose 0.2% to $ 3,329.32 per hour at 08:10 in Singapore, which produced its total weekly profits at 0.6%. The Bloomberg index of the immediate dollar remained unchanging. In terms of silver, it maintained its stability near the highest level in 13 years, while the platinum remained near the 4 -year peak. Palladium has established. Investors are now looking at the US Treasury auction scheduled for Thursday, where twice the demand at this auction can improve the attraction of gold as a safe haven.