country flagالعربية

Gold settles and palladium, platinum fall by more than 1 percent

2019-05-13 10:37 am | Resource: NEWS | No Views : 105

Gold settles and palladium, platinum fall by more than 1 percent

 Precious metals traded in the early trading week as palladium fell more than 1% as traders watched the US-China trade war develop.

  Prices of palladium and platinum rice have fallen more than 1% from the week in the red zone, with silver falling more modestly.Last week, the United States raised tariffs on 200 billion dollars of Chinese goods from 10% to 25%.

Wall Street falls pre-marketing, trading in focus

US stocks fell in the pre-Monday market as market watchers absorbed the latest developments in the ongoing trade war between Washington and Beijing. President Donald Trump once again made a number of tough remarks on US-China relations, urging Beijing to "move now" into trade negotiations. Earlier in the day, a spokesman for the Chinese Foreign Ministry said retaliation would be offered "at some point," adding that Beijing "will never surrender to foreign pressure."

Beijing: China is always open to talks with the United States

In China's first reaction, Chinese media said on Sunday that China's door to talks with the United States on trade is always open. However, he noted that Beijing will not back down on important issues in the trade dispute. Beijing said there were no winners in a trade war, but vowed to continue fighting for its own interests.

Earlier, it was reported that Washington had given Beijing one month to reach a trade agreement before the United States went ahead with tariffs on all Chinese imports. According to the editor of Global Times is Shijin, China is not willing to budge from its demands. "The new tariff on the $ 300 billion of Chinese goods is better, which means that the trade war has reached the first turning point, turning from a comprehensive US attack into a stalemate, and the two sides will then compete for endurance. We will make sure we will not lose. "
  • The Dow Jones Industrial Average was down 0.16%
  • While the Nasdaq 100 fell 0.30%.
  • At the same time, the S & P 500 index fell 0.16%.

 Precious Metal trading
  • Platinum traded down 1.26% to $ 854.54 an ounce.
  • Gold was steady at $ 1.285.13 an ounce.
  • Silver lost 0.39% and changed its price to $ 14.72 an ounce.
  • Palladium fell 1.02% to trade at $ 1,340.54 an ounce, shedding gains since Friday afternoon

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.