On Monday, in Asian markets, the price of gold showed a slight increase amid events in the UAE last week when drones attacked an oil refinery in that Arab country. In this regard, the yellow precious metal has again become interesting to investors as a protective asset.

However, it is worth saying that the restoration of destroyed production facilities will take more time than UAE officials have promised, since the destruction was very significant.

Another support factor for gold is the situation surrounding the trade conflict between the United States and China. It will remain in force for a long time. There is hope that the official representatives of Washington and Beijing will be able to come to a unified agreement in early October. It is reported by the Chinese edition of Yicai. However, the likelihood that negotiations will not bring any agreements also remains high.

It is worth recalling that at the end of last week the price of gold showed a slight decrease after the news that the US Federal Reserve lowered its rates by 25 basis points, although financial market participants expected a decrease of 50 basis points. The next meetings of the Federal Reserve will be held in October and December. But there is no guarantee that rates will be reduced again. The markets are waiting again.