Gold retreated, equities rallied to trade-driven optimism



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AndDecline of gold In the spot market, it rose 0.2% to $ 1290.40 an ounce at the end of the US session. The US gold contracts were $ 1295.30 an ounce.

The sentiment has been strengthened and fears of progress have eased fears of a global recession Trade negotiations between the United States and ChinaAnd good data on the activity of factories in both countries.

Fears of an agreement ending a trade war between the world's two largest economies have been reinforced by new comments from White House economic adviser Larry Kudlow that Washington is waiting for more. new progress in the negotiations this week.

She rejoices Stock markets With these comments, the MSCI International Stock Index Index has hit a six-month high, putting the pressure on gold.

Among other precious metals, palladium fell 1.7% to $ 1404.77 an ounce. Earlier in the session, prices peaked one week at $ 1444.37, which resulted in for-profit sales.

Platinum rose 3% to $ 871.28 an ounce, its highest level since March 21st.

The money is set at $ 15.11 an ounce.

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The spot gold price fell 0.2% to $ 1290.40 an ounce at the end of the session in the United States. The US gold contracts were $ 1295.30 an ounce.

Feelings were heightened and fears of a global recession were eased by signs of progress in US-China trade negotiations and by reliable data on the activity of factories in both countries.

Fears of an agreement ending a trade war between the world's two largest economies have been reinforced by new comments from White House economic adviser Larry Kudlow that Washington is waiting for more. new progress in the negotiations this week.

Stock markets were delighted by the comments, with the MSCI World Equity index reaching its highest level in six months, putting pressure on gold.

Among other precious metals, palladium fell 1.7% to $ 1404.77 an ounce. Earlier in the session, prices peaked one week at $ 1444.37, which resulted in for-profit sales.

Platinum rose 3% to $ 871.28 an ounce, its highest level since March 21st.

The money is set at $ 15.11 an ounce.

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