Trade negotiations between U.S and China is still top story for markets. U.S. President Donald Trump’s last tweets are main subject this week. He said on Sunday, trade tariffs for many China imports will be lifted to 25 percent from 10 percent next week.
Fortunately, increased tension has eased after China says Vice Premier Liu He will join their committee which will visit this week Washington. Still those concerns pulled down markets first day of the week in Asia season. Meantime, gold and oil prices remarked.
Safe-haven gold rised on Monday amid U.S-China trade headlines. The commodity extended its gains to 1285,80$ in early trading first day of the week. İt seems like stabilized about on 1280$. If price can break the 1285$ resistance, next target may be on level of 1300$.
U.S-China trade negotiations’ tension and what will they release, will be important for gold prices.