Low gold prices

Gold decreased today, with dealers awaited for more developments in the ongoing trade talks between the United States and China in London.

By 1:25 GMT, gold came down in instant transactions by 0.5 percent to $ 3311.16 an ounce. US gold futures fell 0.7 percent to $ 3330.90.

High -level trade talks continue between US and Chinese officials for the second day, as discussions include issues ranging from customs duties to rare ground minerals.

“As these main commercial talks continue between the United States and China, gold is trading with reservations so that we can see if there is any progress,” said Tim Water, Chief Market Officer of K.C

US President Donald Trump confirmed that his administration was “well -off” in the negotiations, and pointed to the positive reports issued by the talks.

Last month, the two sides agreed on a temporary endowment of customs fees, giving financial markets some rest.

Investors are now awaiting US inflation data scheduled for Wednesday to obtain more references on the path of the Federal Reserve’s monetary policy.

“If the consumer price index rises slightly, then this will be an expected result, but if these data jumps, this may raise some warning bells for investors, and any escape from this to a safe haven may help the price of gold,” Water said.

Gold acquires attractive during unstable geopolitical and economic times, and tends to have good performance when interest rates are low.

For other precious metals, silver in instant transactions decreased by 0.6 percent to $ 36.51 an ounce, platinum fell 0.8 percent to $ 1210.46, and palladium fell 0.2 percent to $ 1071.75.