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2018-03-02 : Trade war talk pushes gold prices higher

collected by :Irax John

– Gold prices rose on Friday as the menace of a universal trade war pushed shares & the $ reduce & spurred request for assets like bullion which are seen as safer investments.
It touched $1,302.61, the lowest ever Jan. 2, on Thursday, pushed drop with expectations which the unite states Fed spare going to increase interest averages further aggressively than formerly thought.
Higher interest averages are negative for gold because they increase bond yields, reducing the attractiveness of non-yielding gold, & tend to boost the dollar.
But the menace of a trade war overpowered fears of interest average increases, Hansen said.
“If a trade war becomes a fact it can push inflation up & development drop & which ought easiness the aggressiveness of the Fed.

PRECIOUS-Fears of trade war push gold prices higher

It touched $1,302.61, the lowest ever Jan. 2, on Thursday, pushed drop with expectations which the unite states Fed spare going to increase interest averages further aggressively than formerly thought.
Higher interest averages are negative for gold because they increase bond yields, reducing the attractiveness of non-yielding gold, & tend to boost the dollar.
But the menace of a trade war had overpowered fears of interest average increases, Hansen said.
“If a trade war becomes a fact it can push inflation up & development drop & which ought easiness the aggressiveness of the Fed.
In other precious metals, silver was drop 0.1 % at $16.46 an ounce after touching a two-month low on Thursday.

 

gold prices
gold prices

 

PRECIOUS-Trade war talk pushes gold prices higher

as declared in .DXYMKTS/GLOBFRX/urn:newsml:reuters.com:*:nL2N1QJ2AC”The danger of trade wars which can chock economic growthand increase doubt plays into the hands of gold,” Saxo Bankanalyst Ole Hansen said.
U.S. gold futures GCcv1 were 1.5 % higher at$1,324.40 an ounce.
Gold was, however, drop 0.4 % this 7 days & on trackfor a 2nd consecutive every week loss.
But the menace of a trade war overpowered fears of interestrate increases, Hansen said.
“If a trade war becomes a fact it can push inflation upand development drop & which ought easiness the aggressiveness of theFed.

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