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Gold and palladium plummet during the close of weekly trading

2019-04-05 10:21 am | Resource: | No Views : 218

Gold and palladium plummet during the close of weekly trading

Precious metals diverged on Friday as the precious metal plummeted and platinum approached its lowest level in 10 months after hitting its highest level yesterday.

Gold erased gains from the previous session, looking for a 10-week low, but still moving above it. At the same time, investors will be looking for more evidence on the strength of the economy as job data will be released in the US later in the day.

US stocks end higher amid trade optimism

Wall Street traded on the green market on Friday after Chinese leader Xi Jinping said that "new major progress" had been made in trade negotiations with the United States. He also told his US counterpart, Donald Trump, in a speech by Vice Premier Liu He that he hoped the economic and trade teams between the two countries could "conclude negotiations on the text as soon as possible."

In other news, UK Prime Minister Theresa May proposed an extension of the UK withdrawal from the EU until June 30 in a letter to European Council President Donald Tusk, published on Friday.

"The United Kingdom suggests that [the extension period] ends on June 30, 2019. If the parties are able to ratify before this date, the government proposes to end this period early, and the government will want to approve a timetable for ratification, European Union before May 23, 2019 and thus cancel the European Parliament elections, but will continue to make responsible preparations for holding elections if this is not possible, "he said.
  • The Dow Jones Industrial Average rose 0.13% at 11:28 am CET.
  • While the S & P 500 also rose 0.12% at the same time.
  • The Nasdaq 100 jumped 0.14% at 11:29 CET.

The euro rose 0.06% against the dollar to trade at 1.12270 at 11:30 CET.

Precious metal trading against the dollar
  • Gold fell 0.24% to $ 1.288.86 per ounce at 11:05 am CET.
  • While silver rose 0.10% to $ 15.16. At the same time .
  • Palladium dropped 2.74% to reach $ 1,329.44 at 11:07 CET.
  • Platinum jumped 0.82% to $ 905.62, having reached unseen levels in about 10 months.

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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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