Gold draws more than 3.5% in the midst of the calm between America and China

The price of gold fell for the second day after it exceeded $ 3500 per gram for the first time, as investors began taking profits, and US President Donald Trump sent reconciliation signals to China and the president of the Federal Reserve, which calmed the concerns in the markets. The precious metal fell by at least 3.5% to 3286.7 on Wednesday, after closing in the previous session with a 1.3% decline. Prices began to decline immediately after reaching the highest historical level on Tuesday at $ 3500.10 per ounce, with the improvement of the appetite for risk, the height of the shares and the stability of bonds and dollars. Investors encourage profits after the sharp rise in gold during April. The 24 -days relative power index – a measure of the velocity and intensity of price movements – indicated that gold is in the ‘excessive purchase’ area. The rise of gold was powered by Trump’s aggressive policy in the trade war, increased geopolitical tension and anxiety that he could weaken the power of the US economy. The president on Tuesday released some of these concerns when he said that, despite his annoyance of the slow president of the Federal Reserve, Jerome Powell in reducing interest rates, he did not intend to reject him. Chinese imports added that Trump added that customs duties on Chinese imports will dramatically fall from their current level of 145%. He said, “We will be very friendly. They will be very friendly. We will see what is going to happen. But in the end they have to conclude an agreement because otherwise they will not be able to deal with the United States.” Despite the decline in gold over the past two days, it has been more than a quarter of its value since the beginning of the year, due to the increase in commercial stress and the decline of economic expectations, which strengthened demand for safe assets. Central bank purchases and investors also contributed to the support of the gold -returned indicators. In a related context, the Bloomberg Rights Index rose 0.3%. While the prices of silver and pulpium rose slightly, while platinum prices stabilized. (Prices in the story have been updated to reflect the reality of the market)