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Gold held steady after the sharp decline in yesterday session

2019-06-11 09:04 am | Resource: NEWS | No Views : 98

Gold held steady after the sharp decline in yesterday session

Gold prices have stabilized after yesterday's first loss in nine sessions, as investors awaited developments on the trade dispute between the world's two largest economies.

US stocks rise for futures, Dow 100 points, focus on trade tensions

Markets in the US were trading in the Green Zone during pre-market trading on Tuesday, with the Dow up 100 points as investors digested the latest trade news between Washington and Beijing.

As US President Donald Trump prepares to impose additional tariffs on Chinese goods if progress is not made in trade talks with the Chinese president at the G20 summit this month. While the Chinese Foreign Ministry said earlier that Beijing does not want a trade war with the United States, although it is not afraid of one, but warned that if "insisted" Washington on the escalation of trade tensions, China will respond "with firm determination."

US 10-year bond yields rose by 5.9 basis points to 2.143%. Two-year bond yields rose by 4.7 cents to 1.900 percent, while the yield on 30-year Treasury bonds rose by 5.4 cents to 2.623 percent.
  • The Dow Jones Industrial Average rose 0.39%
  • The S & P 500 rose 0.42%
  • And the Nasdaq 100 rose 0.69% at 10:37 am.

 At the same time, the dollar index, which measures the performance of the greenback against a basket of six currencies, has stabilized at 96.7 points. The euro rose 0.04% against the US dollar to go at 1.1315 at 10:38 CET.

Precious metals trading
  • Gold futures settled for August delivery at $ 1330.6 an ounce at 9:32 am Mecca time,
  • Instant delivery fell marginally 0.15% to $ 1326.05. At 09: 333 am Mecca time,


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