Gold Prices Slip as US-China Trade War Hope Saps Haven Demand

Gold Price Chart Warns of Downturn as Markets Digest Fed Outlook
Reading Time: < 1 minute

Gold and Crude Oil Talking Points:

  • Gold prices edged lower as more pro-cyclical assets found favor
  • Hopes that the US-China trade war thaw endures dominated the action
  • Crude oil prices struggled with production cuts reportedly in some doubt

Join our analysts for live, interactive coverage of all major economic data at the DailyFX Webinars. We’d love to have you along.

Gold was probably never going to thrive in Asian session right after that which saw US stock indexes hit new record highs.Sure enough prices headed lower.

Risk appetite was firm, on some more optimism over US-China trade, as reports…

To read the full article please click HERE

Credit: Source link

Exit mobile version