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Palladium reaches a record high and precious metals go up

2019-01-07 12:12 pm | Resource: News | No Views : 110



Precious Metals traded in the Green Zone on Monday with platinum plunging to a record $ 1.314.05 an ounce. The metal used to convert toxic gases in cars has risen to less harmful substances by 37% over the past six months.

Investors are looking for signals from the Federal Reserve, which raised interest rates by 25 basis points in December, the fourth such increase in the year, to further increases in 2019. Later, some key officials, including the Federal Reserve Chairman Jerome Powell, said the bank would be flexible about the future. Policy position.

US stocks vary with the start of the China-US talks

US stocks fell flat to cut in the primary market as investors focused on the China-US trade talks, which are resuming in Beijing today.

Before the first round of talks since Presidents Trump and Xi Jinping reached an agreement in December to stop the 90-day trade war, the Chinese Foreign Ministry said both sides wanted to work towards an agreement.

US Futures Contracts
  • The Dow Jones was up 0.03%.
  • The Standard & Poor's 500 is trading flat
  • The Nasdaq 100 fell 0.16%.

The euro rose 0.36% against the dollar to sell at 1.1444 at 4:26 am at 10:44 CET.

Precious Metals   trading 
 
  • Palladium rose 1.99% to $ 1,312.66 an ounce at 10:44 CET.
  • Meanwhile, gold rose 1.51% to hit 1,291.30 per ounce at 10:45 CET.
  • While silver rose 0.61% to $ 15.78 at the same time.
  • Platinum rose 1.05% to 830.22 dollars an ounce at 10:46 CET.


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