Gold Tread Price Is Up To Its Highest Level Since 2013
Gold prices jumped to a six-year high as the dollar weakened as prices jumped earlier in Asian trade to $ 1,438.6, the highest since May 2013.
The geopolitical tensions and anticipation of the US-Washington meeting at the G20 summit contributed to the decline in bond yields. And increased demand for safe havens in light of geopolitical tensions, as US President "Donald Trump" that it may impose new sanctions on Iran.
US markets fell slightly as tensions between the United States and Iran rose
Wall Street shares traded marginally below the fixed line on Tuesday as tensions between the United States and Iran continued to rise. US President Donald Trump has claimed he will not expel US Federal Reserve Chairman Jerome Powell though he has the ability to do so.
Where US President Donald Trump said he had the power to dismiss Fed Chairman Jerome Powell if he wanted to. "But I have no plans to do anything." Hill also said Powell was "wrong" when he said "the law is clear" and that Trump cannot shoot him.
After the Federal Reserve decided not to cut interest rates at its last meeting, Trump criticized the central bank, saying it "did not know what to do" and "blew it up". However, in an interview with Hill, the president said he did not think Powell was destroying him. "I do not think he knows, I do not think he understands, he does not understand that," Trump said of the Federal Reserve chairman he appointed in 2017.
- The Dow Jones industrial average fell only 0.05% at 10:25 am CET.
- While the Nasdaq 100 fell 0.17%.
- The S & P 500 fell 0.10% at a time.
Dollar and currency trading
- The dollar index, which measures the performance of the greenback against a basket of six currencies, stabilized at 96.0 points.
- The greenback was up 0.10% against the euro, trading at 0.87815 at 4:19 Eastern time.
- Meanwhile, the greenback was down 0.18% against the British pound at £ 0.78356.
Precious metals trading
- Gold futures for August delivery rose 0.6% to $ 1427.4 per ounce,
- The spot delivery price rose 0.3% to $ 1424.17 an ounce.
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