Gold Prices Drop

Gold prices tumbled this morning during the Asian hours after the U.S. and China finally signed the long expected and historic trade deal.

Presently, the precious metal trades at $1554.10, which is a loss of $0.79 or 0.05% from the previous close of 1554.89.

The daily range is from $1551.39 to 1557.98, while the trading volume is 68.199K.

Still however, there are some concerns as the Trump Administration decided to preserve duties on some $360 billion of Chinese goods.

The bid and the massive demand for precious metals also slipped since the panic over possible hostilities between the U.S. and Iran calmed down, at least for now.