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Gold retreated as risk appetite rose

2019-01-09 01:37 pm | Resource: News | No Views : 202



 Gold prices fell on Wednesday and the partial closure of the US government continues, and the US president called in a televised speech from Congress to provide billions to finance the border wall with Mexico.

Asian stocks followed Wall Street higher and European markets extended gains from the previous session after US President Donald Trump Twitter, "talks with China are going well!".

Wall Street rise  in the medium term is a wave of optimism

US stocks were trading in the green zone in primary markets on Wednesday as positive signs boosted risk appetite in the markets. According to a report by Hu Shijin, president of Global Times, Beijing and Washington are due to issue a joint statement from the latest round of negotiations tomorrow.

The easing of trade tensions between the United States and China, and cautious US Federal Reserve statements, have also improved investor appetite for risk. With the US-China trade talks entering for a third day, there is speculation that a trade deal could be reached ahead of the deadline set by Trump and Chinese President Xi Jinping on March 1 at the G20 summit in Argentina.
 

The euro rose 0.9% against the US dollar and 1.1449 as the dollar index fell against a basket of currencies amid expectations of a suspension of interest rate increases by the Federal Reserve amid expectations of slower growth abroad.

The World Bank lowered its forecast for global economic growth to 2.9 percent this year from 3 percent in 2018, citing many negative risks.

"The outlook for the global economy has narrowed, global funding conditions have tightened, industrial production has shrunk, trade tensions have been strained, and some major economies and developing economies have seen considerable pressure on financial markets," the bank said.

Gold Trading
  • Spot gold fell 0.15% to $ 1.281.25,
  • While US gold futures fell 0.29% to $ 1,282.15 per ounce.


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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…

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