26/12/2019
Gold prices rose above the important level of $ 1500 to approach the peak of two weeks on Thursday, as flows seeking safe havens in the yellow metal were boosted by the uncertainty surrounding the signing of the 'one-stage' trade agreement. By 05:13 GMT, gold in online transactions rose 0.3 percent to $ 1503.02 an ounce. Prices hit their highest levels since November 5th earlier in the session at $ 1503.87. US gold futures rose 0.2 percent to $ 1507.40 an ounce.
US President Donald Trump said on Tuesday that there will be a signing ceremony with Chinese President Xi Jinping for the first-stage agreement. Beijing confirmed the news by saying it was in close contact with Washington over the signature.
And economic indicators from the United States are receiving close follow-up to obtain indicators regarding the monetary path of the US central bank in the future. Gold is highly susceptible to higher interest rates that increase the opportunity cost of holders of the non-yielding metal.
Gold has gained about 17 percent since the beginning of the year and is geared towards recording the best annual performance since 2010, thanks to the long-running trade dispute between the United States and China and its impact on the global economy.
Regarding other precious metals, silver rose 0.9 percent to $ 17.95 an ounce, after hitting its highest levels since November 5th earlier in the session.
And platinum increased 1.3 percent to 950.87 dollars, after touching its highest level since the fourth of November earlier in the session at 954.03 dollars an ounce, while palladium rose 0.7 percent to 1896.69 dollars an ounce.
