country flagالعربية
0

Gold falls ahead of US employment data

2019-01-04 12:37 pm | Resource: News | No Views : 115



 Gold prices fell on Friday and shares rose after the United States and China announced new trade talks next week. As gold prices trimmed gains on Friday after crossing the important barrier $ 1,300, amid concerns about global growth and investors are looking for data on US jobs.

Hatham draws attention to the latest monthly US jobs report for 2018 which will be released later today, with expectations that the US economy will add 180,000 jobs in December.

 A special survey showed growth in the Chinese services sector rose to a six-month high in December, easing fears about global growth.

Gold prices rallied yesterday as safe haven sentiment followed weak manufacturing data in the US, as Apple cut its revenue forecast, boosting concerns about global growth, as well as continuing partial US government closures.

US stocks advanced in primary markets on Friday

Optimism after the United States and China agreed to resume trade talks at the level of deputy ministers next week. Traders also focus on Fed Chairman Jerome Powell's speech later in the day.

China and the United States will hold trade talks at vice-ministerial level in Beijing on Jan. 7 and 8 in a bid to defuse trade tensions, the Commerce Ministry said.

A senior White House adviser said China's sluggish growth had an impact on Apple and other US companies, but sales should recover once Washington struck a trade deal with Beijing.
  • The Dow Jones Industrial Average rose 1.20%
  • The Nasdaq 100 rose 1.80%
  • The Standard & Poor's 500 Index rose 1.33% at the same time.

The euro rose 0.14% against the US dollar to change it at 1.1414 at 4:33 am ET.

Gold Trades
  • Spot gold fell 0.1 percent to $ 1290.48 an ounce after hitting a high of $ 1.298.42 earlier in the day, its highest level since mid-June.
  • Gold futures in the US fell 0.2 percent to $ 1,292.50 


Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 22 March 2019

Time frame Used - four hours The USD/JPY is moving in a bearish direction in the near term. The USD/JPY was able to take control of the USD/JPY movement after the US Federal Reserve's decision to fix the US interest rate as the USD/JPY broke down at 111.12 to hit at 110.35. In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators…

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.