After the governments of the United States and China had agreed in the trade conflict, the gold price fell considerably on Monday. In the morning the price for a Troy -essence (about 31.1 grams) was around $ 3233 (the equivalent of around 2904 euros).
On Friday she was traded by around $ 91. The Golden Prize on Monday also got powerful. Here it went with around 52 euros in the morning, the price was around 2904 euros per ounce.
However, analysts and analysts do not expect any further stronger falls at the gold price. Robert Rennie of the Australian Westpac Banking Corporation expects investors to have more and more access to $ 3,200 at prizes.
Customs duties for 90 days
Recently the Golden Prize had achieved a record high in mid -April with $ 3500 per ounce. Above all, the concern about possible consequences of the American customs policy had set the prize.
During the negotiations on a trade agreement between the US and China, it was decided that both countries considerably lower their rates for the import of goods for 90 days. This is intended to limit trade tensions and to give the two largest economies in the world another three months to close their differences.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
