Gold Is Trading Lower in Possible Reaction to US-China Trade Progress, Which Could Ease Macro Concerns.

Benzinga13:28 ET

With the easing of trade tensions, Japanese stocks are poised for their longest rally since 2009, while U.S. Futures are down, and Gold has risen sharply by 30 dollars in the short term.

The Japan Tokyo Stock Index has risen for the 13th consecutive trading day, reaching its highest intraday increase since August 2009; the India SENSEX Index fell by 0.8%, and the Pakistan KSE-100 Index rose by 0.45%; the USD/JPY has slightly weakened, dropping by 0.35% during the day; spot Gold has increased by 0.61% to $3,254 per ounce.

wallstreetcnMay 13 02:22 ET

Gold Sinks More Than 3% on U.S.-China Trade Optimism but Uncertainty Says High

Seeking AlphaMay 12 17:47 ET

Gold and Silver Are Trading Lower After the US and China Agreed to a Temporary Reduction in Most Tariffs on Each Other's Goods. This Could Be Driving a Rotation Out of Safe-haven Assets.

BenzingaMay 12 10:05 ET

The China-U.S. statement ignites Global optimism: Hong Kong and U.S. stocks surged, while Gold fell to a nearly one-month low.

① After the joint statement of the China-U.S. Geneva economic and trade talks was released, the Global financial markets immediately experienced significant fluctuations; ② The Hong Kong stocks expanded their gains in the afternoon, U.S. stock index Futures rapidly surged, while Gold prices fell in response; ③ In the Forex market, the USD rose sharply, and the offshore RMB against the USD also clearly strengthened.

cls.cnMay 12 05:13 ET

After the China-US meeting, Gold experienced a short-lived plunge, and many national Banks are still warning about investment risks. Why is there a reluctance for wild fluctuations?

① After China announced that an important consensus was reached in the China-U.S. meeting, spot Gold fell to $3260 per ounce, dropping over 2% at one point during the day. ② Recently, many national commercial Banks have continued to raise the subscription minimum amount for Gold accumulation Business and clearly remind that "investment has risks." ③ Referencing the past lessons from the Crude Oil Product treasure and paper Gold incidents, Banks do not wish for Gold to experience extreme volatility, especially in accumulation Gold Business.

cls.cnMay 12 02:50 ET