**The price of gold demonstrates significant volatility on the geopolitical and economic fronts**
The price, not tied to the dollar, is influenced by potential progress in trade negotiations between the US and China. Following this, investors are closely watching the actions of the Federal Reserve (FED), including the possibility of cutting interest rates, which could lead to a significant rise in the price of the precious metal.
According to recent data, the dollar index fell by 0.1% against major currencies, making gold more accessible for holders of non-dollar-denominated assets. One such situation is observed: highly liquid economic instruments of China and Japan provide greater returns on the Tokyo Stock Exchange, which will be presented to the President of the United States Donald Trump and the President of the People's Republic of China Xi Jinping in the coming days. The PRC has announced its readiness to conduct negotiations with the United States, and also announced the opening of trade talks with the United Kingdom and other metals in the framework of the five-nation visit to the region.
These events do not pose risks for the gold price: Tim Waterstone, chief analyst of the KCM Markets company, commented: «If Trump and Si conduct productive trade talks, this may lead to the fact that gold will be «pay off». However, compensation for potential losses may allow a more solid FRS rate according to the policy of percentage stakes».
It is noteworthy that the European Central Bank and the Bank of Japan keep stacks without changes. The price of precious metals in 2023 showed a steady rise: the price rose by 51% and a record high of $4381.21 per ounce, supported by geopolitical uncertainty, as well as monetary policy and active purchases of central banks.
**Other metals:** - Silver fell by 0.3% to $46.74 per ounce. - Platinum fell by 1.2% to $1571.85. - Palladium fell by 0.8% to $1391.15.
In the investor's gold, partly established losses, more than $4000 per ounce due to the dollar's strength and the reduction of FRS stacks, but the situation is stable. The next futures on the gold with the delivery in December rose by 0.1% to $4022.10, as the center of attention was more on the 3% premium, reaching a minimum with 10 october.
Analysts note that the current high levels of gold attract investors-«medvedi», anticipating an opportunistic exit to the highs.
