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Gold is down in European trade on holiday

2018-11-23 12:21 pm | Resource: News | No Views : 281

Gold fell in Friday's trading but is heading for a second straight gain as the dollar falls as the US-China trade dispute looks ahead to the G20 summit next week. And watching the political situation in Europe

Market Trading

US equities futures opened higher on Friday as market participants prepared for the half-day session during the holiday season. On the front of the commercial war, investors are keeping track of developments in the negotiations between Washington and Beijing. The two countries are expected to break deadlock in talks with US President Donald Trump and Chinese President Xi Jinping in preparation for their summit in Buenos Aires on Dec. 1.

The Dow Jones Industrial Average was expected to rise by 0.09%, and the Nasdaq 100 saw the session start 0.38% in the Green Zone. At the same time, the S & P 500 was up 0.23% at the opening bell.

The Euro lost 0.53% against the US currency to change to close at 1.1346 at 12:31 CET.

Dollar and precious metals trading
  •  While the dollar index, which measures the performance of the greenback against a basket of six currencies, fell 0.29% to 96.428.
  • The spot price of precious metals fell 0.28% to $ 1225.17 an ounce at 9:30 am CET, up 0.5% this week.
  •  Gold futures for December delivery fell 0.17% to $ 1225.9 an ounce.

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