Gold prices are into a falling mode this morning during the Asian trading hours and are still below the mark of $1,500 level.
Presently, most market analysts are focused on the European Central Bank (ECB) monthly meeting.
Now, the yellow metal trades at $ 1491.24, which is an addition of $5.94 or 0.40% from the previous close of $ 1485.30.
The daily trading volume is from $1483.22 to $1494.91, while the trading volume is 69.077K.
The coming ECB’s monthly meeting is very likely to influence the direction of gold prices later this week.
There is some development of the Sino-U.S. trade war after China reportedly offered to purchase additional U.S. agricultural products in exchange for a delay in tariffs.