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Gold prices fell below $ 1500 with the decline and stock futures

2019-09-10 09:27 am | Resource: News | No Views : 29

 Gold prices fell below $ 1500 with the decline and stock futures

Gold prices fell below the $ 1,500 level, Wall Street shares fell slightly in pre-market trading on Tuesday after worrisome economic data from China. As investors awaited major central banks taking stimulus steps.

Citigroup: Gold prices may reach a new record high above $ 2000 in the next two years

Citigroup expects gold prices to rise above $ 2,000 an ounce in the next two years, which will surpass the previous record of $ 1921.17 set in 2011. Bank analysts said in a note: , With the potential to break the $ 2,000 an ounce level and record new cyclical peaks sometime in the next year or two. "

US stocks decline in pre-opening trade

Wall Street fell slightly in pre-market trading on Tuesday after worrisome economic data from China. China said earlier that factory gate prices shrank for the second month in a row as a prolonged trade war with the United States continued to put pressure on the country's manufacturing sector. After Trump's remarks on China talks continue next week, US President Donald Trump said at a rally in North Carolina that Washington will resume trade negotiations with Beijing next week. Trump also insisted that China "wants to talk" with the United States because it is in its interest to resolve the ongoing trade dispute with the United States.

Earlier, US Treasury Secretary Stephen Mnuchin pointed out that the next round of high-level trade negotiations between the world's two largest economies will take place in October, focusing on China's currency and "currency manipulation".
  • The Dow fell 94 points.
  • The S&P 500 lost 0.40%.
  • The Nasdaq fell 0.61%.
 Gold trading
  •  Gold futures fell 0.8%, or $ 11.8, to $ 1499.3 an ounce, at 09:33 am CET.
  •   Gold Spot delivery fell 0.5% at $ 1490.9 an ounce at 09:33 am CET.

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