Gold prices rise following US-China tariff talks

The price of gold rose on Wednesday morning after negotiations between the United States and China regarding tariffs.

According to Report, the August gold futures price on the New York Comex exchange increased by $19.45 compared to the previous close, or by 0.58%, reaching $3,362.85 per troy ounce.

The July silver futures price also rose by 0.22%, reaching $36.722.

Markets are responding to macroeconomic developments. Earlier on Wednesday, China's Vice Minister of Commerce and representative at international trade negotiations, Li Chenggang, stated that the progress made during US-China talks in London would contribute to the stable development of trade relations between the two countries.