In the next few weeks, very large volatility is expected in the gold market, and in both directions. The reasons are the progress in negotiations with China and the Fed’s decision to launch a “printing press” for $ 500 billion by the end of February 2020.

On Friday night, it was reported that great progress had been made for the first time in negotiations on a trade agreement between the US and China. Moreover, both Americans and Chinese have confirmed this.

This was expected a little earlier, but is happening now. Of course, there is no question of any long-term and strategic agreements - it is simply that both sides have their own reasons to reduce the intensity of the confrontation. Trump is in the middle of elections, and he doesn't need a stock market crash and economic recession due to a trade war. China, in turn, needs to stop economic damage from large-scale sanctions imposed by America. When there is interest in concluding an agreement on both sides, then everything else is just a bargaining strategy and a matter of time.