country flagالعربية

Precious metals jump with stocks falling

2018-12-04 11:55 am | Resource: News | No Views : 126

 Gold crossed $ 1240 an ounce on Tuesday for the first time since October 26, as market sentiment moved to safer bets amid a sharp drop in equity markets.

With precious metals in particular, and palladium at another record high of $ 1224.2 an ounce, for the fifth session in a row. The dollar fell significantly, helping to demand asset class.

 US stock market futures pointed to a low start in Wall Street trading as investors remained skeptical that Washington and Beijing could reach a comprehensive deal before the end of the 90-day trade truce over the weekend.

The two largest economies in the world are expected to negotiate trade, cybersecurity, technology transfer and intellectual property.

Meanwhile, the dollar fell against the euro, the pound and the yen. Where the euro rose 0.48% against the dollar to buy 1.13994 dollars at 12:31 CET.
Investors expressed doubts about the initial agreement between the United States and China, which they said would work towards a comprehensive reform of their relations, including trade.

In the meantime, all eyes remained on developments in Britain's exit and the possible reduction of production by the Global Alliance of Oil Exporters, which excludes Canada, the United States and Norway. The indicators from Brussels and Rome showed that the row over the Italian budget deficit may be excluded from the list of potential sharp shocks.

Precious metals trading
  • The yellow metal rose 0.7% at 11:51 CET, trading at $ 1.239.48.
  • Spot silver rose 1.23% to $ 14.56 after touching $ 14.61 for the first time since Nov. 7.
  • Platinum slipped, trading at $ 806.24.
  • Palladium jumped 1.69% to $ 1,223.24 an ounce. 

Other analysis

Best Opportunities, Vision and Technical Analysis for The Oil 22 February 2019

  (CURDE OIL - WTI ) Time frame Used - four hours Oil is moving in a bullish direction in the near term. The Bulls managed to push the oil movement back to the upside again to hit the important resistance level 56.06, trying to breach the resistance level 56.06 to higher. In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of…

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.