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Gold fell as the dollar rose amid reports of a global economic slowdown

2019-01-22 11:58 am | Resource: NEWS | No Views : 213

 Gold prices fell, affected by the strength of the US dollar, despite the continued closure of the government amid the growing dispute between Trump and Pelosi, the majority of the House of Representatives entered the US government in a partial closure of the government a month ago because of funding of the border wall between the United States and Mexico.

Trump for Pelosi: Why is there no objection to the other walls?

US President Donald Trump has asked why House Speaker Nancy Pelosi does not object to all the walls between the United States and Mexico.

"If Nancy Pelosi thinks the walls are" immoral, "why do not you ask us to remove all existing walls between the United States and Mexico, even the new ones built in San Diego? "He said.

On the other hand, Trump commented on the reports of the slowdown of the Chinese economy and attributed it to US pressure on China and the rising tariffs between the two countries from> nearly a year before reaching a truce late last year in Argentina during a summit between Trump and Shi

"China has been recording slower economic figures since 1990 because of US trade tensions and new policies," Trump chirps, "It is very logical for China to finally make a real deal and stop playing!"

The speech came after yesterday's data and showed China's economic growth last year at the slowest pace in almost three decades. Prompting the Chinese president to address senior officials of the Communist Party of China (CPC)

Chinese President Xi Jinping has warned senior state officials to be on high alert against financial events, "black swans" and "gray rhinoceros" in the face of slower economic growth. Shi told senior Communist Party officials in a speech that measures should be taken to reduce risks to the economy, Xinhua news agency reported.

The "Black Swan" is an unpredictable market event with severe financial consequences, and the "gray rhinoceros" is a significant and visible threat that is ignored.

US Futures Contracts

US stocks fall in primary market with Davos in focus US stocks were trading lower on Tuesday as the focus of the Davos Economic Forum and ongoing BRICT negotiations fell.

Meanwhile, Washington has informed Canada that it plans to formally request the extradition of the financial official of Huawei Ming Wanzhu for the alleged violation of US sanctions against Iran.
  • The Dow Jones Industrial Average was down 0.24%.
  • The Nasdaq fell 0.23%.
  • The S & P 500 recorded a loss of 0.25%.

Metal trading

Gold futures for February delivery fell 0.27% to $ 1279.10 per ounce.
While the price of spot gold settled at 1281.11 dollars per ounce.

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…

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