While there has been positive changes regarding commercial negotiations between China and US has once again made investors eager to participate in high risk markets, gold price decreased today. And made it in the path of a weekly deduction in last 5 weeks.
In spite of all mentioned, due to serious concerns on slow global economic growth, the yellow metal price is still on the growth road to be registered in its fourth monthly price surge.
US President Donald Trump said trade consultations were being held between the two countries on Thursday and are scheduled for further talks.
The Chinese Ministry of Commerce also said it had held consultations between the two sides in September, but added that it was important that Washington halt tariff increases.
The yield on the 30-year US Treasury bond rose on Thursday, and stocks on Asian stocks hit a one-week high today.