Breaking News
0

Gold Flat As U.S. Dollar Rallies On White House China Trade Deal Comments

By Market Pulse (Alfonso Esparza)CommoditiesFeb 07, 2019 11:43PM ET
www.investing.com/analysis/gold-flat-as-us-dollar-recovers-mojo-200385539
Gold Flat As U.S. Dollar Rallies On White House China Trade Deal Comments
By Market Pulse (Alfonso Esparza)   |  Feb 07, 2019 11:43PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Gold was flat on Thursday as comments from the White House on the U.S.-China trade deal steered investors to the U.S. dollar. The stronger dollar put pressure on the yellow metal as safe havens rose. Gold will continue to be in demand as geopolitical risk remains high but for now it was overpowered by the greenback.

Gold Chart
Gold Chart

In the U.S., two important deadlines are on the horizon: the Democrats and President Trump need to reach an agreement ahead of Feb. 15 to avoid another government shutdown. March 1 could mark the start of new U.S. tariffs against China if a deal between the two biggest economies is not struck in time.

The Fed turned dovish in January, but a strong employment report could put the central bank back on track sooner rather than later, putting pressure on gold. The U.S. Federal Reserve lifted interest rates four times in 2018 and until mid-December was expected to hike twice in 2019. The same way forecasts were quickly adjusted after the market sell-off could be switched back if fundamentals prompt the Fed to reassume its monetary policy tightening.

Original post

Gold Flat As U.S. Dollar Rallies On White House China Trade Deal Comments
 
Gold Flat As U.S. Dollar Rallies On White House China Trade Deal Comments

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments
Nam Thai Phung
Nam Thai Phung Feb 08, 2019 8:26PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thank you!
Reply
0 0
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email