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Gold is rising and anticipation of the Brexit and fears of a decline in economic growth

2019-03-22 10:25 am | Resource: News | No Views : 67



 Gold traded higher on Friday as markets awaited developments in geopolitical events such as the Beijing-Washington trade talks and the BRICT.

UK exit opportunities from the EU without a 50-50 agreement

Luxembourg Prime Minister Thierry Mae announced Thursday that the chances of Britain's exit from British Prime Minister Theresa Mae were "50-50". The President of the State of Luxembourg added that the extension of article 50 would only bear fruit if the withdrawal agreement succeeded in voting in the British Parliament in the next few days, noting that otherwise, the decision to allow postponement would reveal itself as a mistake.

However, Bethel insisted that the best result of this whole ordeal would be to hold a new referendum with the UK that decided to stay in the EU.

US stocks fall

Wall Street slumped in the pre-Friday market with uncertainties regarding US-China trade negotiations, as well as the UK's pullout from the European Union led to a drop in stocks. US media reported that President Donald Trump is thinking of two allies to fill vacant seats in the US Federal Reserve. Meanwhile, high-level officials from the United States and China are scheduled to start a new round of trade talks next week in Beijing after reports say US officials are aiming to reach an agreement with China by the end of April.
  • The Dow Jones Industrial Average fell 0.47%
  • While the Nasdaq 100 fell 0.28%.
  • The Standard & Poor's 500 lost 0.40% at the same time.

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