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Gold is rising as the dollar and equities are heading towards safe havens

2019-03-25 10:38 am | Resource: News | No Views : 47



Gold prices rose in early trading on Monday, as equity markets and safe-havens were heading for renewed concerns about a slowdown in global growth as the trade dispute between the world's two largest economies continued.

Wall Street futures are steadily trading low

Stocks in the US traded mostly unchanged during pre-market trading on Monday as investors continued to worry about the global economic outlook. Last week, Wall Street ended sharply in the red zone, driven by gloomy economic data from around the world.

At the same time, markets in Europe fell as market observers continued to focus on continuing developments in Britain's exit from the EU.

Markets are watching the bricast developments after the European Union's decision to postpone the deadline until April 12 if the House of Commons does not approve the exit agreement reached by Prime Minister Theresa May with Brussels at the end of last year.

It is also expected that attention will be paid to the latest trade negotiations between China and the United States, where senior US and Chinese officials will meet in Beijing this week for further trade talks.
  • The Dow remained flat, down 0.01% at 11:32 am CET.
  • The Standard & Poor's 500 Index lost 0.03% at the same time.
  • While the Nasdaq 100 fell 0.28% at 11:33 am CET

 The dollar index, which measures the performance of the greenback against a basket of six currencies, stabilized at 96.91. While the euro rose 0.13% against the US dollar to go at 1.1320 at 11:33 am CET.

 Oil futures trading
  • Gold futures for June delivery rose 0.21% to $ 1321.50 an ounce, after precious metal prices last week recorded gains for the third straight time reaching about 1%.
  • On the other hand, spot gold rose 0.26% to $ 1317.02 an ounce at 10:15 am. 


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