Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."


Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

"Trump concessions" push gold down DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Buy and Sell

"Trump concessions" push gold down

Go down

"Trump concessions" push gold down Empty "Trump concessions" push gold down

Post by RamblerNash on Wed Aug 14, 2019 10:44 pm

"Trump concessions" push gold down

"Trump concessions" push gold down Story_img_5d53d23305a2a

2019/8/14 12:19

Gold prices fell on Wednesday, after the United States postponed the imposition of customs duties on some Chinese imports, causing the easing of trade concerns, although political uncertainty and continued concerns about global growth curbed losses of the yellow metal, which is a haven Safe.

By 04:52 GMT, spot gold was down 0.3 percent at $ 1497.17 an ounce.

US gold futures fell 0.2 percent to $ 1,510.70 an ounce.

"The easing of trade tensions and geopolitical risks has provided the markets with some hope which has supported stocks, and because of this there is a brief decline in gold prices," said John Sharma, an economist at the National Bank of Australia.

"But the trade dispute remains unresolved. The geopolitical risks in Hong Kong, and global growth trends, as we expect at least another" rate cut "by the US Federal Reserve, are all supporting gold."

US President Donald Trump on Tuesday backed down from a September 1 deadline to impose a 10 percent tariff on the rest of China's imports, delaying tariffs on cell phones, laptops and other consumer goods, hoping to reduce the impact on US holiday sales. .

The postponement of the trade dispute between the world's two largest economies provided relief to financial markets, dominated by political and economic turmoil, as Asian stocks joined a rally in global stocks on Wednesday.

Meanwhile, official data showed that China's closely watched industrial output rose in July at the slowest pace in more than 17 years, the latest sign of cooling demand as the US intensifies trade pressure on Beijing.

The dollar index was little changed against a basket of major currencies today, after rising 0.4 percent overnight.

For other precious metals, silver fell 0.3 percent to $ 16.91 an ounce, after hitting its highest level, in more than a year and a half in the previous session.

Platinum fell 0.8 percent to $ 845.50 an ounce and palladium fell 0.5 percent to $ 1,447.74 an ounce.

http://alforatnews.com/modules/news/article.php?storyid=207202
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 17187
Join date : 2015-02-19

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum