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Metal prices Slightly higher ahead of US interest rate decision

2019-07-31 08:46 am | Resource: News | No Views : 37

Metal prices Slightly higher ahead of US interest rate decision

Gold prices rose marginally as all financial markets around the world watched the Fed's decision later today, with frequent expectations of a rate cut as traders awaited new trade negotiations among the world's top economists.

Wall Street rallied ahead of Fed interest rate decision

US stocks rose in the pre-market market as market watchers wait for the Federal Reserve's decision on whether interest rates will be cut for the first time since 2008. In other news, China said the United States should show "enough sincerity and good Intention "of trade negotiations to progress and accused the latter of" floundering "about his position in the context of talks held last year. Investors also absorbed the latest earnings reports from companies such as Apple and Samsung, and were waiting for more to come out today.

China accuses US of "floundering" in trade talks

Chinese Foreign Ministry spokeswoman Hua Chunying said Wednesday that Washington should show "enough sincerity and goodwill" to advance trade negotiations. Hua also accused the United States of "floundering" over its positions in the talks over the past year.

The comments came after the first day of the last round of trade talks that ended in Shanghai, where Trade Representative Robert Leitzer and Treasury Secretary Stephen Mansion met with their Chinese counterparts. To date, none of the Parties has shared any information about what has been discussed or if any progress has been made.
  • The Dow Jones Industrial Average rose 0.23%
  • The Nasdaq 100 rose 0.37%
  • And the Standard & Poor's 500 Index by 0.15%, all at 10:29 am CET ..

The euro fell 0.06% against the dollar to trade at 1.1148 at 10:29 am. While the British pound recorded modest gains and rose by 0.09% against the dollar to turn to 1.2158 at the same time.
  • Gold for December delivery rose 0.1% or $ 1.6 to $ 1443.3 an ounce at 9:09 am.


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