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precious metal trades higher with the turnout for safe havens

2019-08-09 10:15 am | Resource: News | No Views : 96

ارتفاع تداولات المعدن النفيس مع الاقبال على الملاذات الامنه
 Gold prices rose to record weekly gains, with the yellow metal as a safe haven, with increasing tensions between the United States and China. Data also showed China's PPI contraction for the first time in nearly three years, dimming the outlook for manufacturers' profits under the trade war between Washington and Beijing.

 The Dow will lose 100 points as the effects of the trade war emerge

Wall Street's main stock indexes traded heavily ahead of the bell on Friday after ending the day higher on Thursday. However, Uber shares fell more than 10% in after-hours trading on worse-than-expected results.

Investors focused on the trade war as China once again set the mid-yuan point to its weakest level in 11 years and as technology giant Huawei unveiled the new Hormonal OS, set to compete with Android and iOS. This came after Bloomberg, citing sources familiar with the matter that the White House stopped making a decision on licensing US companies to resume business with "Huawei Technologies" after Beijing announced to stop purchases of US agricultural goods.

During the European trading session, the US-based International Energy Agency (IEA) announced that it expects a slowdown in global oil demand amid uncertainty about US-China trade.

  • The Dow Jones Industrial Average lost more than 100 points as it fell 0.40% at 10:52 am CET.
  • Meanwhile, the Nasdaq 100 fell 0.71% at 10:51 am CET.
  • The S&P 500 lost 0.48%. At 10:51 AM CET.

The dollar index, which tracks the performance of the greenback versus a basket of six currencies, was steady at 97.57 points. The Euro rose 0.14% against the Dollar to trade at 1.11967 at 10:53 AM CET.

  • Precious metal futures rose 0.4% at $ 1516.2 an ounce, at 09:24 am CET.
  • Spot gold rose 0.14% to $ 1503.04, heading for a 4.6% gain this week.

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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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