Gold descends from its top

The price of gold fell on Thursday, returning from its one-week maximum, after reducing the risks of a US-China trade war.
The spot price of the metal lost 0.6 percent of its value to a level of 1 324.96 dollars per ounce, compared with a one-month high of $1,348 on Wednesday.
Gold futures fell 0.6 percent to $1,328.50 per ounce.
After the investors pulled out of gold, the dollar rose during the Asian session, and the Asian indices pushed back from their two-month bottom.
The fall in the dollar indicates that traders take their profits, taking advantage of the growth on a short-term basis.
Gold is often used by investors as a rescue island in difficult times such as the one in which there was a danger of a trade war between the US and China. The metal, however, tends to become cheaper when the situation improves.
The spot price of gold reached bottom at 16.24 dollars per ounce.