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Gold fell ahead of Powell speech and after the Trump speech

2019-02-06 11:49 am | Resource: NEWS | No Views : 252

Gold prices were steady to a little lower on Wednesday as markets awaited the speech of Federal Reserve Chairman Jerome Powell looking for signs of the future monetary policy of the US Federal Reserve this year.

After US President Donald Trump's State of the Union address failed to provide fresh evidence of progress in US-China trade talks. Before a new round of negotiations in Beijing next week, Trump said the new trade deal must include a real structural change to end unfair trade practices, reduce chronic trade deficits and protect US jobs.

The United States is likely to increase China's import tariffs by $ 200 billion to 25 percent from 10 percent if the two sides can not reach an agreement by the March 1 deadline.

Trump used his second speech to renew his pledge to build a controversial wall along the US-Mexico border,

In his State of the Union address, President Donald Trump asked the US Congress on Tuesday to pass legislation to strengthen the nation's old infrastructure without giving details on how to pay for it or how much it would cost. Trump, who pledged in 2016 as a candidate to support spending $ 1 billion Infrastructure over 10 years, vague about his plans.

"The parties must be able to unite for a massive reconstruction of America's dilapidated infrastructure," Trump said in his speech.

The dollar index, which measures the performance of the greenback against a basket of six currencies, rose 0.10% to 95.917.

Gold Trading
  • Spot gold fell 0.14 percent to $ 1,313.44 an ounce after rising 0.3 percent the previous day.
  • Gold futures in the US fell about 0.1 percent at $ 1,317.35 an ounce.

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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…

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