US President Donald Trump said on his Twitter that he plans to introduce additional customs duties on Chinese goods. After this news, the price of gold reached the mark of 1300 euros - for the first time since 2012.

According to the World Gold Council, the global demand for gold in the second quarter of 2019 increased by + 8% to 1,123 tons. Moreover, the supply of yellow precious metals in the world market for this period amounted to 1,186.7 tons.

The price of gold in Asian markets showed a decline after it became known that the US Federal Reserve lowered the interest rate, as expected the day before. But at the same time, a hint sounded that a further reduction in rates would not be long.

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