Gold prices rose slightly yesterday, responding to rising tensions around US-Chinese trade talks, as well as corrective sentiment in the US stock markets.
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Silver prices showed flat dynamics by the end of Monday, despite a steady decline at the opening of trading.
The levels around $1,550 per ounce reached by the XAU/USD pair look quite expected in light of the total buying up of metal by central banks around the world. The de-dollarization policy of some countries, such as Russia and China, shows that the price does not look as high as possible.
Yesterday, the XAG/USD pair rose moderately, reacting to the worsening prospects for a trade agreement between the US and China, after Donald Trump’s speech at the New York Economic Club brought in nothing new.