country flagالعربية

Gold prices rise as US markets fall ahead of interest rate decision

2019-07-30 10:08 am | Resource: News | No Views : 33

 Gold prices rise as US markets fall ahead of interest rate decision

Gold prices rose on Tuesday in morning trading ahead of the Federal Reserve's rate cut. Amidst the development of trade negotiations amid Trump's threats to attack the granting of the status of developing countries to some WTO member countries, in a move aimed at China first. In a harsh response on Monday, Beijing condemned the "arrogance and selfishness" of the United States. Trump hinted Friday that China could deliberately prolong the negotiations until the next US presidential election in 2020, hoping the arrival of a president can be easily dealt with.

US markets decline before the market and initial data

Wall Street stocks fell slightly on Tuesday as investors awaited several earnings reports and key economic data. US Treasury Secretary Stephen Menuchin, who meets China's trade negotiating team and trade representative Robert Laitser, said House Speaker Nancy Pelosi had promised him to vote on the US, Mexico and Canada agreement in October. The US Senate has failed to override President Trump's veto in three resolutions banning the sale of arms to Saudi Arabia.

At the same time, markets widely expect the Federal Reserve to cut interest rates by at least 25 basis points this week. Some traders have previously speculated that the central bank would cut interest rates by 50 basis points, but the chances of this happening have dwindled after the United States. Second quarter GDP came in better than expected.
  • The Dow Jones Industrial Average was only 0.09% lower at 1030 am CET.
  • The Nasdaq 100 fell 0.19% ..
  • The S & P 500 fell 0.14% at 10:32 am CET.

The Euro was trading steady against the Dollar at 4:29 am EST, trading at $ 1.11452. Meanwhile, the pound fell 0.48% against the dollar to 1.21585.
  • Gold futures for delivery in August in the Comex section of the New York Mercantile Exchange rose 0.3% to $ 1424.30 by 11:45 am CET.

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 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.