Gold Dips From Six Year High – 5 September, 2019

After hitting a six year peak the previous session, gold dipped with growing optimism over the progress of trade negotiations between the U.S. and China. After hitting a six year high on Wednesday of $1,557 per ounce, spot gold slipped by 0.6% to $1,542.51 per ounce. U.S. gold futures also shed 0.6% to $1,551.30 per ounce. The news of the progress left investors looking towards riskier assets, relieving some of the pressure from the precious metal as it has already jumped 20% this year. Analysts believe near future impactors will keep the price of gold around the same six year peak.