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Gold stabilizes as dollar stabilizes and awaits Brexit developments

2019-10-17 09:31 am | Resource: News | No Views : 42

 Gold stabilizes as dollar stabilizes and awaits Brexit developments

Gold prices have stabilized below the $ 1,500 level as the dollar stabilizes, with developments on the prospect of an EU-UK deal on Brexit expected. With London this week, there may be another EU summit before the end of October, according to a senior EU official. The official also said that consent is the main issue in the negotiations.

The European Union's chief negotiator in the European Union, Michel Barnier, agreed that the necessary Northern Ireland approval will not be an obstacle to reaching an agreement, according to the report. EU leaders are holding a summit today and tomorrow, and they are expected to announce either the Brexit agreement or the UK will get an extension of Article 50 for another three months.

Futures rise on Wall Street amid continued announcement of corporate results

US stock markets were mostly higher during pre-market trading on Thursday with a focus on corporate earnings reports, as well as the trade war between Washington and Beijing. The Chinese Ministry of Commerce confirmed that the "first phase" trade agreement was under preparation while the next round of negotiations was being prepared. Philip Morris International is scheduled to release. JPMorgan reports their earnings later in the day.
  • The Dow was traded at 4:30 Eastern Time.
  • Meanwhile, the Nasdaq 100 and the S&P 500 gained 0.34% and 0.14% respectively.

Meanwhile, the dollar index, which tracks the performance of the greenback versus a basket of six currencies, was steady at 98.03 points. The EUR / USD was unchanged at 4:29 am EST, selling it at $ 1.10745. The pound was down 0.38% to trade at $ 1.27818 at the same time.

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