There is more caution surrounding the deal between the US and China. Phase One is going to be signed in the next few hours, but investors were expecting more from this part of the agreement. The hypothetical Phase Two will take time and there is now no certainty on this.
For this reason, it’s very little surprise to see gold in green, recovering to the threshold of $1,550 The price is now playing with this key level, waiting for further directional signal in a short-term scenario still marked by risk-on.
