The price of gold decreased by more than 3%, reaching the last week, when the United States and China have announced the agreement on mutual reduction of mutual customs. Relaxed tension has reduced the demand for investors to safe assets.
International price, 1 ounce was $ 3,223.57, by 3.1%. The dollar index has increased by more than 1%, making gold expensive for the owners of other currencies. Silver decreased by 1.2% to $ 32.28, with 1.7% ($ 978.5), palladium by 1.5% ($ 961.17).
UBS analyst Giovani Stownovo noted that the US-China agreement has temporarily weakened the demand for "safe property", but predicts that prices will remain variable until the possible reduction in interest rates. Analysts also follow the publication of the US Consumer Price Index (CPI), which can affect the policy of the Federal Reserve, Reuters reports.
