Gold and platinum prices were stable in Tuesday's trading amid continuing doubts about the possibility of global economic growth. At the same time, a new round of trade negotiations between the United States and China may reduce the attractiveness of the "yellow metal" and other defensive assets, informs Reuters.
Quotes of an ounce of gold on the spot market in the second half of Tuesday hovered around $ 1520. This figure is close to the 2.5-week high of $ 1,526.80, which was reached on Monday. Platinum is also at yesterday's close ($ 957.01 as of 13:24 Moscow time).
- Gold remains stable thanks to doubts about the possibility of global growth due to the situation in the Middle East, - said Ole Hansen, a spokesman for Saxo Bank's Commodities Department.
The increased demand for gold, according to the expert, will continue in the near future.
The news about the imminent start of full-fledged negotiations between the United States and China is playing against the defensive assets. The start date of consultations announced by the head of the US Treasury is the first half of October.
Prices for palladium and silver on the second day of the week are going uphill: quotations of the first of the metals in the second half of the day reached a record high of $ 1,664.50 (+ 0.3%), the second - rose to $ 18.59 (+0, 2%).
