country flagالعربية
0

Gold price fell more than 1 percent as trade tensions eased

2019-07-01 12:14 pm | Resource: News | No Views : 57

Gold  price fell more than 1 percent as trade tensions eased

Gold prices fell more than 1 percent on Monday, as the interim US-China trade truce led to a drop in demand for a safe haven. Gold is hovering near its lowest level in more than a week as the US dollar rallied after the United States and China agreed to resume trade talks and decided not to impose additional fees on each other's products.

China and the United States will face a long road ahead of reaching an agreement to end their bitter trade war, with more fighting likely after both sides said they would continue talks, state media reported on Sunday. After the United States agreed to postpone the imposition of additional charges on Chinese goods indefinitely with the removal of some restrictions on Huawei. Purchased high-tech equipment from the United States.

US stocks rise led by Apple shares after the ban Ban Huawei

Shares of Apple Inc. jumped in pre-market trading on Monday amid trade tensions after US President Donald Trump met with his Chinese counterpart. Where progress in the G20 summit talks boosted investors' appetite for high-risk assets while reducing demand for safe assets such as gold and yen.

The hope of finding a solution to the China-US trade war was welcomed by markets around the world, with the Dow Jones Industrial Average and the S & P 500 recording new record highs.

During the weekend at the G20 summit in Osaka, President Trump announced that he agreed to delay any new tariffs on Chinese goods and ease restrictions on US companies from selling products to Huawei. "American companies can sell their equipment to Huawei, I am talking about equipment that does not have a major national emergency problem," he said. "Huawei is a complicated situation, we agreed to let go of that - we will eventually leave Huawei, we will see, we will see where we will go with the trade agreement," Trump said.

Apple rose 2.81% at 6:52 CET.

Precious metals trading
  • Spot gold fell 1.4 per cent to $ 1389.42 an ounce.
  • While gold futures in the US fell 1.5 per cent to $ 1,392.45 an ounce.


Other analysis

Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

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.