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Gold falls ahead of US employment data

2019-01-04 12:37 pm | Resource: News | No Views : 165

 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 

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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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