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Gold prices stability is anticipated for US-China trade negotiations

2019-10-15 10:23 am | Resource: News | No Views : 31

Gold prices stability  is anticipated for US-China trade negotiations

Gold prices stabilized below the $ 1,500 level, with the dollar stabilizing as investors awaited further news of trade relations between the world's two largest economies. The news is that the UK and the EU may be on the verge of exiting the Brexit deal

Wall Street highest market, Dow 100 points

Stock markets in the United States rose in pre-market trading on Tuesday after Washington and Beijing expressed optimism that a partial trade agreement would be signed in the near future. However, the Chinese Foreign Ministry said that increased domestic demand led to an increase in the purchase of US agricultural goods, which means that it may not have been the result of the trade deal as US President Donald Trump claimed.

China: No differences with US on trade

Chinese Foreign Ministry spokesman Geng Shuang told the press on Tuesday that the United States and China have no differences over the partial trade deal reached last week. Geng said US comments on the trade deal were "correct." The comments came after China said more clarification was needed on a trade deal with the United States.

Earlier, the United States announced that it had reached a "first stage trade" with China and stated that Washington expects to sign the first phase of the deal soon.
  • The Dow Jones Industrial Average rose 0.41% at 10:40 am CET.
  • The Nasdaq 100 rose 0.57%
  • At the same time, the S&P 500 rose 0.47%.

The euro was steady against the dollar at 4:41 am EST, versus $ 1.10264, while the pound jumped 0.51% to trade at $ 1.26709.


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