country flagالعربية

Gold contracts traded rise as US-China trade war rises

2019-10-08 11:40 am | Resource: News | No Views : 13

Gold prices rise as US-China trade war rises

 Gold contracts traded above $ 1,500, with trade tensions on the horizon as China strongly opposed the US decision to blacklist Chinese technology companies for alleged human rights violations.

The Dow is losing more than 200 points before marketing due to trade concerns

Wall Street shares extended losses on Tuesday as sentiment worsened on the expected resumption of high-level US-China trade talks. Yesterday, Washington blacklisted many Chinese companies, while Beijing vowed to respond. According to a report released earlier today, "there is not much optimism" on the Chinese side as the talks approach, and the visit to the US capital can be shortened one day. Bloomberg also reported that the US administration is looking to reduce US government pension funds from investing in China.

Trump calls on Xi to find a "humane" solution in Hong Kong

US President Donald Trump said on Monday that Chinese President Xi Jinping needed to find a "humane solution" to the pro-democracy protests in Hong Kong that began months ago in response to the abolished China extradition bill. Demonstrators in the Chinese autonomous province can often be seen with "Trump signs," alluding to his 2016 presidential campaign slogan, "Make America Great Again," such as "Make China Great Again" and "Make Hong Kong Great Again," the US president added. "
  • The Dow Jones Industrial Average fell 178 points in the red at 7:11 am ET, having briefly been more than 200 points below the flat line.
  • The Nasdaq 100 fell 0.63% one minute later, and the S&P 500 fell 0.64%.

The dollar index, which tracks the performance of the greenback versus a basket of six currencies, fell marginally 0.1% to 98.8 points. The euro was up 0.19% against the dollar, trading at $ 1.09914 at 7:12 am ET.

Gold Trading
  • Gold futures settled at $ 1503.3 an ounce, at 11:34 am CET.
  • Spot delivery rose 0.4% to $ 1499.04 an ounce at about the same time.

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.