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Gold Is Trading Lower in Possible Reaction to US-China Trade Progress, Which Could Ease Macro Concerns.
Adapting to an Unstable World: Gold, Dollar, and Investor Strategies
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.
Gold Sinks More Than 3% on U.S.-China Trade Optimism but Uncertainty Says High
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.
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.
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.
Gold prices faced a "weekend storm" -- substantial progress in Sino-U.S. negotiations, ceasefire between India and Pakistan, negotiations between Russia and Ukraine, and talks between the U.S. and Iran.
Global risk aversion has receded, and Gold has plummeted. High-level economic and trade talks between China and the United States have reached important consensus and made substantial progress. The ceasefire agreement between India and Pakistan has been maintained on Sunday. Putin proposed to resume direct negotiations between Russia and Ukraine in Turkey on the 15th. The previously postponed fourth round of talks between the US and Iran has also begun.
Gold Tops Stocks as Second-favorite Long-term Investment, Real Estate Still No. 1 - Gallup Poll
Gold Tumbles After Trump Unveils U.K. Trade Deal, Boosting Hopes for Progress With China
VanEck: If You're Worried You Missed the Gold Rally, Don't Be as It Foresees Further Upside
Commodity Roundup: Gold Falls Over 1% Amid Trade Deal Hopes; Ferrous Market Under Strain
New Bond King: How can the US stock market not fall? Gold prices will reach 4000 dollars.
Jeffrey Gundlach stated that the rising unemployment rate and the inverted yield curve both indicate that the USA economy is heading into a recession, predicting that the S&P 500 Index may fall to around 4600 points. Investors are in a mid-term risk-averse market, and due to concerns over geopolitical turmoil, tariffs, and existing massive debt, Gold could rise to 4000 dollars.
Gold Shines, Output Dims: Barrick Delivers Mixed Q1 As Production Slips
In April, the foreign exchange reserves increased, Gold reserves have been increased for six consecutive months. How to decide on Gold investment with a 5% fluctuation?
① As of the end of April, China's Forex reserves were approximately 3281.7 billion USD, an increase of 41 billion USD from the end of March. In April, the "reciprocal tariffs" introduced by Trump caused the dollar to drop significantly by about 4.4%, resulting in an increase in the price of non-dollar assets in our foreign reserves. ② The central bank continued to increase its Gold shareholding in April, and as of the end of April, Gold reserves amounted to 73.77 million ounces.
Asia Markets Gain, Europe Slides And Gold Retreats - Global Markets Today While US Slept
Gold Rallies to Another Record Close as Markets Return to Risk-averse Mode
The EU plans to expand countermeasures: if negotiations fail, tariffs will be imposed on USA commodities worth 100 billion euros.
The tariff negotiations between the EU and the USA have shown little effect, and measures for counteraction against the USA are being planned.
Asia Markets Mixed, Europe Slips, Gold Nears $3,400 Again - Global Markets Today While US Slept
Commodity Roundup: Oil Jumps Over 2.5%, Gold Prices Rebound From Last Week's Selloff