The price of gold continues to correct and can test the level of $ 1450 per ounce. The catalyst is the resumption of negotiations between the United States and China on a trade agreement.

The first week of October is usually marked by gold lows from year to year, and the reason is simple: Chinese markets are closed. Using this fact, market makers regularly push the price of gold down this period of time, and last week was no exception.

China (along with India) is the largest buyer of physical gold in the world, and its absence on the market is felt very significantly. Both countries account for almost 50% of global demand for yellow precious metals