Reduction of gold futures on Monday slowed after reports, caused doubts as to the prospects of concluding the so-called "first phase" of a trade agreement between the US and China.
the December gold futures on the COMEX rose 0.23% to 1 471,9 dollars per Troy ounce during the trading session the quotations reached a minimum of 1 456,60 dollar. December silver futures rose 0.3 percent.
Optimistic about trade talks between the US and China on Friday made gold less attractive to investors, but US stocks hit record highs closing.
on Monday, the pressure on gold prices has resumed after the Chinese state news Agency Xinhua on constructive telephone conversation with Vice-Premier of China Liu he, chief trade negotiator of the country, with the US trade representative Robert Leithiser and the Secretary of the Treasury Steven by Mucinum held on the weekends.
meanwhile, U.S. stock indexes began to decline, while gold has received support after CNBC reports that Chinese officials remain concerned about the statements of the President of the United States Donald trump that he will not cancel the existing duties under trade agreements.
According to analysts, focusing on the decline in the price of gold, the metal remains vulnerable due to the persistence of optimism about trade.
"Brexit and the trade war continue to pose risks to the economy, but gold prices can be reduced greatly if you fall below the low hit last week, said Edward Moya from Oanda. With the end of summer the price of gold was vulnerable to a reduction, but not to downward trend."
January platinum futures recently fell to about 0.1%, and December contracts for palladium increased by approximately 0.1%.
December copper futures recently fell 0.2% to 2,6335 dollar per pound.