Gold prices benefited from global trade tensions, while palladium fell 1.22% on Thursday to its lowest level since January.
Amid concerns over trade negotiations between the United States and China. Where the United States announced officially yesterday that it will raise tariffs on Chinese goods worth 200 billion dollars from 10% to 25% starting tomorrow, while Beijing hinted at countermeasures.
Wall Street retreated from the market ahead of growing trade tensions
Wall Street traded on the red market on Thursday as market participants digested the White House's decision to raise tariffs on Chinese imports worth $ 200 billion from 10% to 25% as of Friday.US President Donald Trump said he had raised tariffs because China "broke the deal," adding that Washington would not raise tariffs until Beijing stopped "stealing" the US economy into employment. The next round of talks is scheduled for later in the day, with the arrival of the Chinese delegation to Washington, DC.
Meanwhile, the earnings season continues, with Borges, among other companies, announcing the results for the day.
US Futures Indices
- The Dow Jones Industrial Average lost 0.61% at 11:30 am CET
- The Nasdaq 100 fell 0.74% at the same time.
- The S & P 500 is down 0.60% at 11:31 am
The euro was down 0.13% against the dollar, trading at 1.1180 at 4:32 ET.
The precious metal, which is widely used in catalytic converters in the automotive industry, has suffered as a result of weak car sales in recent months, especially in the United States and China.
Precious metals trading
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