The trading week on the European commodity markets began with the fact that the quotations for gold significantly added amid Donald Trump's statements regarding the postponement of the introduction of duties on Chinese goods. This news was perceived by experts as a signal of an imminent breakthrough in negotiations with the Chinese government. By tradition, the American president made this important statement not through his press service, but through his Twitter account.

Also, President Trump noted that the decision to postpone the deadline was taken after substantial progress was made during the negotiation process, which directly affects the most important aspects of relations between the United States and China.

This instantly affected the mood of traders and investors, contributing to the change of quotations for such assets as USD and gold. For example, quotations of futures contracts for gold rose in price to the level of $1,332.86 per troy ounce (+0.02%).

Gold (Comex)

Silver (Comex)

The USD index, which shows the strength of the US dollar relative to the weighted average trading basket of six major world currencies, decreased by 0.15% or 0.149 p., reaching 96.218.

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