Euromedia24 on Play Store Euromedia24 on App Sore
BNB

$658.01

BTC

$104859

ADA

$0.680541

ETH

$2494.89

SOL

$155.94

21 °

Yerevan

14 °

Moscow

36 °

Dubai

13 °

London

30 °

Beijing

12 °

Brussels

17 °

Rome

19 °

Madrid

BNB

$658.01

BTC

$104859

ADA

$0.680541

ETH

$2494.89

SOL

$155.94

21 °

Yerevan

14 °

Moscow

36 °

Dubai

13 °

London

30 °

Beijing

12 °

Brussels

17 °

Rome

19 °

Madrid

The price of gold has dropped sharply


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.