Gold maintains a moderately upward-oriented movement vector, as investors doubt the potential success of the interim trade agreement between the United States and China, and fear a trade conflict in the future.
During the Asian session on Thursday, the price of gold fell after the US and China signed an interim trade agreement.
Gold partially restored its previously lost position due to the weakening dollar and US Treasury yields, as well as comments made by US Treasury Secretary Stephen Mnuchin before the signing of an interim foreign trade agreement between the US and China.
Gold maintains a downward movement vector because the market is experiencing an increase in risky attitude before the signing of an interim foreign trade agreement between the United States and China.
Gold price remains in the red zone on Monday amid a prevailing risky attitude before the formal signing of an interim trade agreement between the US and China.