Gold, like other defensive assets, completed yesterday's trading in the red zone amid positive news about the progress of US-Chinese trade negotiations.
On Thursday at the Asian trading session, gold showed rather volatile trading amid conflicting media reports.
Gold is gradually recovering its previously lost positions amid falling expectations of investors regarding the results of a new round of trade negotiations between the US and China.
Gold closes the first trading day of the week in the red zone, under pressure from the dollar and moderately positive investor’s sentiment before the start of a new round of trade negotiations between the US and China.
Gold completed trading on Wednesday above the $ 1,500 mark.
Disappointing data on economic activity in the US manufacturing sector put serious pressure on major stock indexes and the yield curve of treasury bonds, which is a positive signal for gold.
On Monday, gold completed trading at a 2-months low.
Gold opens the trading week in the red zone against the backdrop of a recovery in major stock indexes and continued pressure from the dollar.
Gold finished trading on Wednesday with a rather strong decline amid a stronger dollar and lower demand for defensive assets.
At Thursday's trading, the price of gold is gradually recovering after a sharp decline on the Fed's decision to soften monetary policy.
