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Gold stabilizes and palladium falls from highs above $ 1800

2019-10-29 09:45 am | Resource: News | No Views : 30

استقرار الذهب  والبلاديوم يتراجع من أعلى مستوياته فوق 1800 دولار

 Gold palleted amid optimism about trade relations between Washington and Beijing, Palladium rose to a record high yesterday on expectations that tight air quality laws in Europe and China will boost demand for metal used in vehicle pollution control devices. With the results of the Federal Reserve meeting, which will start later today and end on Wednesday, with expectations of a rate cut.

Wall Street falls in the futures market amid successive earnings results

US stocks fell in pre-market trading on Tuesday as investors focused on corporate earnings and awaiting the Federal Reserve's interest rate decision later this week. Companies, including General Motors, Pfizer and MasterCard, are due to report before the bell, while Amgen and Mondelez are due to report quarterly results after today's session. After Monday's session, Google's parent company Fabit reported a 23% decline in net income, thus losing analysts' expectations.

Investors are also following trade developments.
  • The Dow Jones Industrial Average lost 0.10% at 11:37 am CET,
  • The Nasdaq 100 fell 0.22% at 11:38 am CET.
  • The S&P 500 fell 0.11% at the same time.
The euro fell 0.16% against the dollar to sell off at 1.10818 at 4:38 am EST and the pound fell 0.10% compared to the US currency to sell 1.28450 at the same time.

Precious Metals Trading
  • Gold futures settled at $ 1496.3 an ounce, at 11:30 am CET,
  • Spot delivery rose marginally 0.11% to $ 1494.12.
  • Palladium spot price fell 0.16% to $ 1797.04 an ounce.

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