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Gold rises as dollar falls with signs of US-European trade war

2019-07-02 08:49 am | Resource: News | No Views : 72

Gold rises as dollar falls with signs of US-European trade war
Gold prices rose as the dollar depreciated marginally against most of its major rivals and on fears of a deepening trade row between the United States and the European Union after days of easing tensions between Washington and Beijing. Gold gained today after the US Trade Representative's Office unveiled a Washington study on the proposal to impose additional tariffs on EU goods worth $ 4 billion.

 Wall Street is down slightly in pre-opening trading

US equity markets saw a slight drop in pre-market trading on Tuesday as investors focused on global trade. The US Trade Representative's Office has proposed tariffs on about $ 4 billion of products from the EU because of EU support for large civilian aircraft. At the same time, President Donald Trump said the trade deal between Washington and China was "somewhat useful" for the United States.
  • The Dow Jones industrial average was down 0.21% at 10:23 CET.
  • While the NASDAQ fell 0.32%. At the same time .
  • The Standard & Poor's 500 Index lost 0.17% at 10:24 CET.

Meanwhile, the dollar index - which measures its performance against a basket of major currencies - fell by 0.10% to 96.76 points. The dollar's decline is usually a relief for the pressure on commodity prices. Against the euro at 10:25 am CET, trading at 0.88568 euros. Against the pound, the greenback was up 0.10% at £ 0.79201.

Precious metals trading
  • Gold futures for August delivery rose 0.25% to $ 1392.70 an ounce
  • While spot delivery increased by 0.50% to $ 1391.38 an ounce at 9:52 am GMT.

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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…

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