Saturday , May 15 2021

PRECIOUS-gold prices capture the company as the market awaits Trump speech.

Feb. 6 (Bloomberg) – Donald Trump remained firm on Wednesday after rising 0.3 percent in the previous session to ask for conclusions about the Sino-U.S trade outlook in his speech to the presidential election.


* Spot Gold has risen steadily from US $ 1,315 to GMT. Prices fell to $ 1308.20 on Monday, the lowest level since Jan. 29, and prices have increased about 0.3 percent in the previous session.

* US gold futures also stabilized at $ 1,319.10 an ounce.

Trump said officials will ask Parliament to pass legislation Tuesday to strengthen the nation's aging infrastructure, but officials will not explain how to pay. The speech will start at 0200 GMT.

* High – level officials from the United States and China began negotiations to protect US intellectual property rights in Beijing next week, and on March 2, they were ready to begin another round of talks to stop US tariff hikes on Chinese products. Tuesday.

Trump said he would raise tariffs on Chinese imports from the current 10 percent to $ 200 billion by 25 percent if the two sides fail to reach negotiations by 12:01 am GMT on March 2.

The US Federal Reserve should withdraw interest rates until the US economic outlook is clear, said Dallas Fed President Robert Kaplan on Tuesday.

* The US central bank last week promised "patience" before it could keep interest rates constant and make adjustments in the future.

* The financial market in China is closed all week for the New Year holidays.

* Trump and Fed chairman Jerome Powell ate at the White House on their first meeting Monday, and Trump blamed the central bank for rate hikes and threatened economic growth from the president 's point of view.

* Holdings of SPDR Gold Trust, the world's largest gold exchange mutual fund, dropped 0.18% to 811.82 tons Tuesday from Monday. Holdings dropped to three consecutive wins.

Equatorial Guinea, renowned for its oil and natural gas sector, will officially begin bidding for the first mining license on April 1, mining and oil ministers said Tuesday. (Nurur Sethuraman's report in Bengaluru, edited by Joseph Radford)

Our standard:Thomson Reuters Trust Principles.

Source link