On Monday, the gold rate jumped to $ 1,323 per ounce, reaching a three-month high. This became possible due to sharply increased concerns about the state of the world economy against the background of tense relations between the US and its allies, as well as investors' expectations about the reduction of the Fed interest rates.

The US-Chinese trade conflict escalated on Sunday during the Shangri-La Dialogue Forum (Singapore): there was a risk that the cold phase of their relations would become “hot” because China accused the United States of violating its sovereignty, while the US President Donald Trump said that the authorities of the Middle Kingdom are to blame for the breakdown of the negotiations.

Mexican Foreign Minister Marcelo Ebrard said that America’s tariff war against his country could have devastating consequences and would not lead to a decrease in the migration of people from Central America. In addition to the problems in the trade sphere, the indices of industry growth in May in Asian and European countries decreased, while in the USA they fell to a 2.5-year low. Now investors are expecting the Fed to speedily lower interest rates to stimulate the country's economic growth.

All this led to the fact that investors began to rapidly stock up with yellow precious metals. The largest gold exchange fund SPDR Gold Shares reported an increase in shares on Monday to 16.44 tons, which is a three-year maximum.

Meanwhile, silver suffers from current geo-economic instability. The difference in prices between the two main precious metals reaches 89.6 points, and this is a 26-year maximum. The reason for the fall in prices for gray metal is a trade war, namely, the expectation that it will lead to a decrease in industrial demand for silver from the major consumer countries - the United States and China.