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Gold prices rise on Wednesday slightly as trade war fears ease

2019-09-11 11:24 am | Resource: News | No Views : 17

 Gold prices rise slightly as trade war fears ease

Gold prices rose on Wednesday, approaching a four-day losing streak as investors awaited key policy announcements by the central bank, including the European Central Bank on Thursday and the US Federal Reserve next week. Analysts are divided on what the ECB expects on Thursday, while the Fed is expected to cut interest rates again when it meets next week.

On the trade front, there are signs of a thaw in US-China relations. Ahead of the talks scheduled for next month, China announced it would exempt 16 US products from customs duties as a sign of goodwill. The markets are following the developments of trade talks between the United States and China and the calm of the dispute between them, as well as the possibility of a British exit from the EU without a deal, which reduced the global uncertainty that affected the markets in the past period.

 President Donald Trump's approval ratings plummeted in a Washington Post / ABC News poll published on Tuesday, highlighting growing concern among Americans about the country's economic prospects.

 Early trade on Wall Street was steady as investors focused on developments in trade relations with China. This morning, Beijing released a list of US goods that will be exempted from tariffs as a "goodwill gesture" before the new talks.
  •  The Dow Jones Industrial Average, the Nasdaq 100 and the S&P 500 were almost unchanged at 10:26 CET.

The euro lost 0.15% against the dollar simultaneously, reaching $ 1.10267.

Gold Trading
  • Gold futures rose marginally 0.11% or $ 1.7 to $ 1500.9 an ounce, at 12:20 am CET.
  • Spot delivery was up 0.34% at $ 1490.8 at 12:20 am CET.


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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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