Comments on Gold

Gold price is moving lower today as investors are optimistic about the US-China trade deal despite the fact the Treasury has denied all the recent rumours. But the fact is that Washington and Beijing wants to make the deal now and it appears that they have understood the consequences of this turmoil. This has made investors to look for riskier assets and gold price has moved lower. The support level of 1268 is very important and the price could easily break this mark if we see more positive news on the trade war. However, investors should not take their eyes off from the Brexit chaos because we have no idea yet which way we are heading and this has impacted the growth in the UK and in Europe.

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