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Gold rising with new anticipation of US-China trade negotiations

2019-05-15 11:28 am | Resource: News | No Views : 92

Gold rising with new anticipation of US-China trade negotiations

Gold prices rose on Wednesday as uncertainty over the future of US-China negotiations continued to disrupt global markets.

As investors prepare for a new set of economic data. Traders will watch retail sales, industrial production and commercial inventories later in the day, while Vice President Richard Clida is due to speak.

US stocks fall slightly in pre-market trading

US markets saw a slight drop in pre-market trading on Wednesday, and investors' demand for the precious metal rose amid mutual threats to impose more tariffs on their imports while at the same time stressing the continuation of trade talks and the possibility of meeting US and Chinese presidents at the G20 Next

Meanwhile, investors appeared less concerned about the ongoing trade dispute between China and the United States, as both sides played down tensions despite the recent introduction of additional tariffs. Trump said talks with China had not collapsed

US President Donald Trump said on Tuesday that trade negotiations with China "did not collapse" and stressed that the two sides were conducting "very good dialogue." Speaking to the White House press, Trump also pointed out that the United States is facing a "minor dispute" with China, adding that the administration is "strongly" looking forward to another $ 325 billion charge on Chinese products.
  • The Dow Jones Industrial Average fell 0.09% at 12:14 pm CET.
  •  While the S & P 500 fell 0.13%.
  • At the same time, the Nasdaq 100 fell 0.07%.

Gold Trading
 
  •  Gold futures for June delivery rose 0.26% to $ 1299.70 an ounce.
  • The spot price of gold rose 0.14% to $ 1298.79 an ounce at 12:14 pm CET.


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