U.S. White House trade adviser said the China-U.S. trade agreement is over! Gold is rising due to a weaker dollar

In Daily Market Review, English
June 24, 2020

U.S. White House trade adviser said the China-U.S. trade agreement is over!
US White House trade adviser Navarro said in an interview with “Horse News” that the Sino-US trade agreement has ended, and pointed out that last month President Trump said that although the first phase of the Sino-US trade agreement has just begun, but since the United States After the outbreak, the significance of the trade agreement seems to have little significance. The remarks caused market turmoil, but Navarro later explained that the relevant comments were based only on “trust” views, and that the trade agreement was still “in place.” In addition, US President Trump also posted online that the trade agreement is intact; this quickly stabilized the market sentiment. However, because Trump has repeatedly threatened to cut off Sino-US relations, the market’s remarks on Navarro are not completely unsuspecting, and once the Sino-US trade agreement is defeated, it is expected to add to the global economic outlook.

Gold is rising due to a weaker dollar
On June 23, the dollar fell for the second day in a row. Economic data showed that the economy of the United States and the euro area has improved, and the United States may increase anti-epidemic stimulus expectations to boost risk appetite. Spot gold hit a new high of US$1771.14 per ounce since October 2012. Because of the weaker US dollar, the new crown epidemic hit the economic prospects, which stimulated the demand for safe-haven gold. Oil prices have fallen sharply from their three-month highs, and the EIA report is expected to show that crude oil inventories will increase again, suggesting that the market is still struggling to digest a large supply glut.

 


Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/

場外式黃金/白銀交易的風險:
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.