US dollar movement at the center of trade talks between China and China



[ad_1]

Gold was little changed on Friday, after slipping to a 10-week low in the previous session, as the dollar firmed ahead of non-farm payroll data in the United States, which was due to appear later in the week. the day.

Spot gold remained stable at $ 1,291.71 per ounce at 10:04 GMT, after reaching its lowest level since January 25 at $ 1,280.59 in the previous session.

Gold futures in the United States increased 0.1% to $ 1,295.40 per ounce.

The platinum spot, which reached its highest level since mid-June 2018 ($ 901.49 in the previous session), fell 0.5% to $ 893.50 an ounce.

The dollar hit a three-week high against the yen on Friday, driven by expectations that an extended trade dispute between the United States and China would be settled quickly.

Asian equity markets consolidated their weekly gains on Friday, with Sino-US talks dragging on without reaching concrete conclusions, while the caution that prevailed before the US payroll and vacations in China and Hong Kong eased volatility.

US President Donald Trump said Thursday that the United States and China were about to conclude a trade agreement that could be announced by four weeks ago, but he warned Beijing that without a pact, it would difficult to let the trade continue. .

The number of Americans filing claims for unemployment benefits has fallen to its lowest level since almost half a century last week, which bodes well for sustained labor market vigor despite the slowdown in the labor market. Economic Growth.

German industrial orders fell at their fastest pace in over two years in February, they were hit by a slump in foreign demand, worsening worries about the start of the year of the biggest economy in the world. 39; Europe.

The pro-Brexit legislators of the Upper House of the British Parliament on Thursday attempted to foil the approval of a new law that would compel Prime Minister Theresa May to seek further delay to prevent a disorderly outflow of money. EU on 12 April without reaching an agreement.

Goldcorp shareholders on Thursday approved the $ 10 billion takeover bid by Newmont Mining Corp., eliminating one of the last hurdles to creating the world's largest gold producer. .

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.2% to 762.55 tonnes on Thursday.

[ad_2]
Source link