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Gold fell as stock markets rose and trade optimism

2019-04-15 10:17 am | Resource: NEWS | No Views : 47

Gold fell as stock markets rose and trade optimism


Gold prices have fallen despite the dollar's slide against the majors, with the precious metal retreating under pressure from China's strong economic data

Wall Street tends to rise in the futures market before announcing earnings

The precious metal's losses come under pressure from global stock market gains, after Chinese trade data showed Friday that the country's exports rose more than 14 percent last month and registered a surplus of more than $ 30 billion.

US stocks were trading modestly in pre-market trading on Monday as the Dow was the only index trading slightly in the green zone. The other two major indexes remained relatively stable as investors prepared for a new series of corporate profits starting with Goldman Sachs and Citigroup, both of which will issue their results ahead of the opening bell.

At the same time, market observers have become somewhat more optimistic after, the media reports signal to the United States to make concessions in its trade negotiations with Beijing.

Treasury Secretary Stephen Manuchen said at the weekend that Washington and Beijing were "closing" issues in trade talks and were close to reaching an agreement.
  • The Dow Jones Industrial Average rose 0.14%.
  • The Standard & Poor's 500 Index gained 0.08%.
  • While the Nasdaq 100 rose 0.04% at 11:56 CET.

EU countries vote to start trade talks with US

EU member states on Monday agreed to start trade negotiations with the United States, confirming previous media reports that they would support the formation.

Last week, he claimed that Brussels could impose more than $ 21 billion in additional tariffs on the United States if the country continued to support Boeing in response to Washington's plans to charge $ 11 billion in European goods.

This coincided with the dollar index falling 0.10% to 96.86 points, and the decline of the US currency is usually easing the pressure on commodity prices. The euro rose 0.15% against the US dollar for sale against 1.1317 at 5:55 Eastern time.

Gold Trading
 
  • In terms of trading, the metal futures contract for June delivery fell 0.35% to 1290.70 dollars an ounce.
  • Spot delivery fell 0.20% to $ 1287.76 an ounce at 11:46 am CET


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