Gold decreases with increasing commercial optimism that hurts the demand for a haven

(Bloomberg) – Gold has declined to the lowest level in more than a month, as tension in the World Trade War decreased, prompting investors away from the demand for resort.

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Progress in commercial conversations helped the risk of assets that have been widely recovered. The White House said that President Donald Trump has received deals totaling more than 243.5 billion dollars with Qatar, as he laid the foundation for a greater economic pledge of $ 1.2 trillion with the country of the small Gulf.

As part of the truce of the customs tariff between the United States and China during the weekend, China suspends the trade and investment ban against more than ten American companies.

“In general, it is an improved morale of risk to reduce the resumption of gold,” said Oli Hansen, head of the SAXO Bank A/S/S/S.

The alloys have been pressured since the trade truce between the largest economists in the world. It is still more than 20 % this year and reached its climax at a price above $ 3500 an ounce in April. Investors were afraid that the commercial tensions caused by the Trump tariff could stimulate the slowdown in growth or even stagnation, as well as the fastest inflation.

The gold stain was traded by 2 % at $ 3,185.59 an ounce at 1:30 pm in New York. The Bloomberg dollar index was a slightly changed spot. Silver, platinum and allbolladium fell.

-With the help of Sybilla Gross, Yihui Xie and Jack Ryan.

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