Money and business

Urgent | After the summit between Trump and Xi… gold prices rose by 2.2%


rose in today’s trading increased by (2.2%) after losses amounting to (5%) during the past four sessions, with the market absorbing the results of the meeting between US President Donald Trump and Chinese President Xi Jinping.

Trump indicated that the meeting was "“Wonderful,” and that China will freeze restrictions on the export of rare metals and resume purchasing American soybeans, while Xi stressed his country’s readiness to cooperate in the fields of trade, energy, and artificial intelligence.

The price of gold

By (11:52) AM New York time, it reached ($4,005.14) per ounce, while silver, platinum and palladium also rose.

Despite the recent fluctuations, the Higher (50%) than its level at the beginning of the year, driven by purchases from central banks and investors seeking safe havens.

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