The price of gold is declining amid optimism in trading negotiations between America and China

The price of gold has dropped, which ended a two -day high, as the rise of signs of trade negotiations between the United States and China reduced the demand for secure assets, despite the increase in military operations between India and Pakistan. The price of the precious metal fell by about 2.1% to the rise of about 6% during the previous two trading sessions. Washington and Beijing have announced that US Treasury Secretary Scott is occupied and the commercial representative of the United States, Jimson Ghrir, will go to Switzerland to meet with China’s Vice Prime Minister Khay Li Feng. The escalation of the tension between India and Pakistan. These are the first talks that have taken place since US President Donald Trump’s comprehensive customs duties over China, and it increases the optimism about achieving an agreement between the two largest economies in the world. However, Beijing revealed that he would not give up his initial position or international fairness to reach any agreement. While the dollar has risen against most major currencies. In South Asia, Pakistan announced that it had shot five Indian aircraft and captured soldiers in response to the military attacks that India launched early Wednesday. The possibility of a war between the two nuclear neighbors will usually have a positive impact on gold, although any increase in demand for the safe asset during this period will be optimistic about commercial negotiations. The price of the precious metal rose by about 30% this year, in light of the investors’ search for a haven amid the widespread unrest in the markets as a result of Trump’s cruel commercial and geopolitical policy. It also reached a record that exceeded the 3500 -Oeunce barrier in April before losing part of its profits in recent weeks. The high prices of yellow metal are powered by the request for speculation in China and the purchases of the central banks. The immediate gold price fell 1.6% to $ 3377.7 per ounce at 10:47 p.m. in London. While the “Bloomberg” index of the immediate dollar increased by 0.3%, a three -day drop end by more than 1%. As the price of silver dropped, the price of platinum and Albadium settled. Awaiting the Federal Reserve decision that the US Federal Reserve will make a decision on interest rates later on Wednesday, while policymakers expect to keep them unchanged, despite the repeated criticism of Trump to the President of the Federal Reserve, Jerome Powell, because they do not have lower interest rates. The officials have drawn a lot to the need to wait and expect the impact of commercial measures introduced on the economy last month. Gold often benefits from lowering borrowing costs, as it is an origin of futility.