country flagالعربية

Gold is rising as the dollar and equities are heading towards safe havens

2019-03-25 10:38 am | Resource: News | No Views : 120

Gold prices rose in early trading on Monday, as equity markets and safe-havens were heading for renewed concerns about a slowdown in global growth as the trade dispute between the world's two largest economies continued.

Wall Street futures are steadily trading low

Stocks in the US traded mostly unchanged during pre-market trading on Monday as investors continued to worry about the global economic outlook. Last week, Wall Street ended sharply in the red zone, driven by gloomy economic data from around the world.

At the same time, markets in Europe fell as market observers continued to focus on continuing developments in Britain's exit from the EU.

Markets are watching the bricast developments after the European Union's decision to postpone the deadline until April 12 if the House of Commons does not approve the exit agreement reached by Prime Minister Theresa May with Brussels at the end of last year.

It is also expected that attention will be paid to the latest trade negotiations between China and the United States, where senior US and Chinese officials will meet in Beijing this week for further trade talks.
  • The Dow remained flat, down 0.01% at 11:32 am CET.
  • The Standard & Poor's 500 Index lost 0.03% at the same time.
  • While the Nasdaq 100 fell 0.28% at 11:33 am CET

 The dollar index, which measures the performance of the greenback against a basket of six currencies, stabilized at 96.91. While the euro rose 0.13% against the US dollar to go at 1.1320 at 11:33 am CET.

 Oil futures trading
  • Gold futures for June delivery rose 0.21% to $ 1321.50 an ounce, after precious metal prices last week recorded gains for the third straight time reaching about 1%.
  • On the other hand, spot gold rose 0.26% to $ 1317.02 an ounce at 10:15 am. 

Other analysis

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…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.