Gold prices stabilized against the backdrop of trade tensions between the US and China

On Monday, gold prices stayed near the low of five and a half months amid growing trade tensions between the US and China, wrote. The price of gold at 14:27 Moscow time was 1 thousand 280 dollars 19 cents per troy ounce against 1 thousand 279 dollars per ounce at the closure of trading on Friday. Prices for August gold futures in the US rose by 4.5 dollars to 1 thousand 283 dollars per ounce. The dollar reached the highest level since November to the basket of major currencies. On Friday, gold fell 1.8%, noting the largest one-day drop since November 2016 after Washington decided to impose customs duties on the import of Chinese goods worth a total of $50 billion.

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