country flagالعربية
0

Gold fell ahead of Powell speech and after the Trump speech

2019-02-06 11:49 am | Resource: NEWS | No Views : 95



Gold prices were steady to a little lower on Wednesday as markets awaited the speech of Federal Reserve Chairman Jerome Powell looking for signs of the future monetary policy of the US Federal Reserve this year.

After US President Donald Trump's State of the Union address failed to provide fresh evidence of progress in US-China trade talks. Before a new round of negotiations in Beijing next week, Trump said the new trade deal must include a real structural change to end unfair trade practices, reduce chronic trade deficits and protect US jobs.

The United States is likely to increase China's import tariffs by $ 200 billion to 25 percent from 10 percent if the two sides can not reach an agreement by the March 1 deadline.

Trump used his second speech to renew his pledge to build a controversial wall along the US-Mexico border,

In his State of the Union address, President Donald Trump asked the US Congress on Tuesday to pass legislation to strengthen the nation's old infrastructure without giving details on how to pay for it or how much it would cost. Trump, who pledged in 2016 as a candidate to support spending $ 1 billion Infrastructure over 10 years, vague about his plans.

"The parties must be able to unite for a massive reconstruction of America's dilapidated infrastructure," Trump said in his speech.

The dollar index, which measures the performance of the greenback against a basket of six currencies, rose 0.10% to 95.917.

Gold Trading
  • Spot gold fell 0.14 percent to $ 1,313.44 an ounce after rising 0.3 percent the previous day.
  • Gold futures in the US fell about 0.1 percent at $ 1,317.35 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 doubts.TradingPekk.com 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.