Rose gold prices To the highest level in nearly two months today, Thursday, with the continuing uncertainty regarding the signing of the “one stage” trade agreement between China and the United States, which boosted the demand for the metal, which is considered a safe haven asset..
Gold rose in instant transactions 0.4% to $ 1504.08 an ounce, and prices reached their highest levels since the fifth of November at $ 1505.32 an ounce earlier in the session, and US gold futures rose 0.3% to $ 1509.20 an ounce.
The Chinese Ministry of Commerce said Thursday that Beijing and Washington are still moving forward to complete necessary measures, but they are in close contact to sign the agreement..
Last Tuesday, US President Donald Trump said that there will be a signing ceremony with Chinese President Xi Jinping for the first stage of the agreement.
Gold gained about 17% since the beginning of the year and is heading 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..
Growth worries persisted, with data on Monday showing that new orders for US-manufactured capital goods rose barely in November as shipments declined, indicating that corporate investment will likely continue to put pressure on the economy in the last quarter of the year..
And economic indicators from the United States receive close follow-up to obtain indicators on 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, and for other precious metals, silver rose 0.8% to $ 17.93 an ounce, after hitting its highest levels since November 5 earlier in the session at 18.01. Dollars.
And platinum increased by about one percent to 948.25 dollars, after touching its highest levels since the fourth of November earlier in the session at 954.03 dollars an ounce, while palladium rose 0.3% to 1889.39 dollars an ounce.
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