country flagالعربية

Gold price divergence with hopes for US-China talks

2018-09-13 11:07 am | Resource: News | No Views : 236


Gold prices held steady on Thursday amid news of possible US-China trade talks as investors await consumer price data later in the day looking for signs of Fed monetary policy. The data comes one day after the unexpected drop in producer prices. However, Fez is expected to increase in September.

 Trade war

The United States is proposing to hold new trade talks with China later this month in an effort to avoid new charges. US president Donald Trump has threatened to levy tariffs on almost all Chinese imports, or about 467 billion dollars in merchandise, while China plans to ask the World Trade Organization (WTO) to allow sanctions to be imposed on the United States at a meeting next week.

The trade dispute between the United States and China continued to push investors to buy the dollar, leading to a drop in the price of gold, as traders feel that the United States has nothing to lose in the trade war. Gold prices were stuck in the 1,200 dollar range for the past two weeks as investors turned to the attractiveness of the dollar.

Gold is usually located with the rise of the dollar, as it is denominated in American currency and is sensitive to the movements of the dollar. Gold becomes more expensive for other currency holders when the dollar rises and decreases when it falls.
  • The US dollar index, which measures the strength of the dollar against a basket of six major currencies, rose by 0.12% to 94.93.
  • Futures for gold on the Comex stock exchange for the month of December rose 0.07% to 1.211.70 USD per ounce since 9:08 GMT.

Other metals trading
  • Silver futures contracts rose by 0.12% to 14.310 USD per ounce.
  • The Platinum Futures Index rose by 0.59% to 804.60 USD while palladium futures rose by 0.12% to 966.20 USD per ounce.
  • Copper futures have risen 1.12% to 2.706 USD for pound.

Other analysis

Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.