Last week, the price of gold fell $ 20 after Donald Trump tweeted about the prospects of signing a trade agreement between the US and China.

December 12, during the day, the price of the yellow precious metal exceeded $ 1470 per ounce, and during a press conference by ECB President Christina Lagarde, gold briefly surpassed the level of $ 1480 per ounce.

However, the situation on the gold market was ruined by US President Donald Trump, who tweeted as follows: “We are very close to signing an agreement with China. They want it as much as we do. ”

The signing of a trade agreement between the two largest economies in the world can really become a factor of pressure on the world gold market. But first, most likely, an interim agreement will be signed. Both parties need it. China urgently needs to support its foreign trade, while Trump needs to demonstrate success in foreign policy within the framework of the election campaign.