Gold prices stability

Gold prices stabilized, today, with increasing optimism before commercial talks between the United States and the planned China later in the day, which may reduce tension between the two countries.

Gold saw a slight increase in instant transactions by 0.1 percent to $ 3313.54 an ounce by 05:43 GMT. US gold futures fell 0.4 percent to $ 3333.80.

Three senior US President Donald Trump administration officials will meet with Chinese officials in London later in the day to discuss trade conflicts between the two economies that led to unrest in global markets.

“The short -term dealers do not want to take great steps to build long positions at the present time before the results of the US -Chinese conversations,” said Corphen Wong, the chief market analyst for the Asia region and the Pacific of Onda.

He added that although customs duties will not disappear, the talks may reduce the basic levels, adding that the cost of doing business in the United States will remain high, and the expansion of the US budget deficit may exacerbate inflationary pressure.

Technically, Wang Tao, technical analyst at Reuters, said that gold is expected to be tested in instant transactions again, 3296 dollars, which may undermine the way to open the road towards a level of $ 3262.

The non -agricultural job data in the United States came higher than expectations, wage growth exceeded expectations and the unemployment rate stabilized.

Investors have reduced bets to reduce interest rates for this year from twice to only once in October.

Consumer price index data in the United States, scheduled to be released on Wednesday, may give more indicators.

Gold, which is one of the origins of safe haven, rises during fog and low interest rates.

For other precious metals, silver increased in instant transactions 0.2 percent to $ 36.03 an ounce, and platinum increased 1.6 percent to $ 1187.80, while palladium fell 0.1 percent to $ 1045.61.