Spot gold price inches up in today’s trading after the news from the trade war revive gold bulls. In the past sessions, the lack of sureness about the direction of the controversial dispute was confusing traders in sessions.
Just in, Chinese state-owned media published that Chinese and US diplomats held another phone call. According to the report, the conversation was to address the concerns regarding the first phase of the deal.
Beijing said that the two sides have agreed to stay connected about the deal.
The call gave signs that the Chinese government wants to separate the negotiations from other issues.
The XAU USD pair went up by 0.13% or 1.94 points in Tuesday trading sessions.
Spot gold price is now at $1,456.81, moving higher from its previous close of $1,454.87.
Unfortunately, the news was not enough to push the precious metal even higher. The lack of trade war-related news in the past days has confused traders as to where the negotiation is currently situated.
Since November 20, spot gold price has continued to fall after a bearish reversal.
However, there are still doubts about whether the US and China could reach an agreement before the year ends. This is because of the latest bill that the US House of Senate approved affecting Hong Kong and Mainland China.
Just in, Chinese state-owned media published that Chinese and US diplomats held another phone call. According to the report, the conversation was to address the concerns regarding the first phase of the deal.
Beijing said that the two sides have agreed to stay connected about the deal.
The call gave signs that the Chinese government wants to separate the negotiations from other issues.
The XAU USD pair went up by 0.13% or 1.94 points in Tuesday trading sessions.
Spot gold price is now at $1,456.81, moving higher from its previous close of $1,454.87.
Unfortunately, the news was not enough to push the precious metal even higher. The lack of trade war-related news in the past days has confused traders as to where the negotiation is currently situated.
Since November 20, spot gold price has continued to fall after a bearish reversal.
However, there are still doubts about whether the US and China could reach an agreement before the year ends. This is because of the latest bill that the US House of Senate approved affecting Hong Kong and Mainland China.
𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 - 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐅𝐨𝐫𝐞𝐱 𝐍𝐞𝐰𝐬 & 𝐅𝐨𝐫𝐞𝐱 𝐁𝐫𝐨𝐤𝐞𝐫𝐬
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