Gold continued to rise today as fundamentals remained supportive for the metal. The dovishness of the Federal Reserve continued to affect markets, hurting the dollar and bolstering gold. The escalation of conflict between the United States and Iran was fueling demand for bullion as a safe haven. But the commodity has a potential threat in the form of upcoming G20 meeting, and specifically hopes for negotiations between the USA and China. If the two world’s largest economies and big trading partners manage to make progress in trade talks that will remove a big chunk of risk premium from markets, potentially seriously weakening gold. Futures for delivery of bullion in August advanced 0.44% to $1,403.00 per troy ounce as of 21:23 GMT on COMEX today. Surprisingly, silver did ...
from https://www.earnforex.com/commodities/gold-continues-to-rise-amid-mix-of-positive-factors/
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Financial NewshubBy request, here is an update to the chart showing market performance under Presidents Trump and Obama. I don’t think the stock market is a great measure of policy performance, but some people do – and I’m having a little fun with them.There are some observers who think the stock market is the key barometer of policy success. ArchivesNo Archives Categories |