Gold has fallen in price to a minimum level for the year against the backdrop of the truce between the US and China


The leaders of the United States and China during their meeting at the G20 summit in Osaka managed to reach an agreement on an armistice in a trade war between these world's largest economies. Information about this, as well as the fact that bilateral negotiations on trade issues between the United States and the PRC will resume in the near future, led to a decrease in gold prices, last week they reached a maximum level since 2013 of 1,439 dollars 21 cents per troy ounce. In June, gold rose in price by 8%. On Monday, the price of gold dropped below $1,400 per ounce. During trading in London by 11:03 Moscow time, gold fell by 1.58% to 1 thousand 387 dollars 29 cents per ounce. Earlier on Monday, the quotes of this precious metal dropped to 1,384 dollars 8 cents per ounce.

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