Gold was back on track to being a hedge to the trade war on Monday after talk of Beijing™s anxiety over President Donald Trump™s impeachment proceedings pricked the prospective U.S.-China trade bubble.
Both bullion and futures of gold recovered from their Friday dip to attempt a return to the $1,480 mark and the bigger $1,500 target as a risk-off mode prevailed across markets. Wall Street indices, however, set new highs after the Trump administration granted a 90-day extension for U.S....
Gold was little changed after a narrow weekly advance as investors awaited fresh developments on the trade front and weighed data that showed a drop in holdings in bullion-backed exchange-traded funds.
U.S. and Chinese negotiators held œconstructive discussions in a call on Saturday to address each side's core concerns in phase one of a deal. That came after President Donald Trump™s administration signaled talks with China over the first phase of a broad agreement are...
Stocks in Asia traded mixed on Monday morning as investors look for further developments on U.S.-China trade.
Overall, the MSCI Asia ex-Japan index traded 0.05% lower.
In Japan, the Nikkei 225 rose fractionally in early trade while the Topix index was largely flat. South Korea™s Kospi slipped 0.13%.
Shares in Australia edged lower in morning trade, with the S&P/ASX 200 down about 0.4% as most of the sectors slipped.
Investors will continue to monitor developments on U.S.-China trade....
Tokyo stocks opened slightly lower on Monday with investors watching the forex market and US-China trade talks.
The benchmark Nikkei 225 index fell 0.04 percent or 8.70 points to 23,294.62, while the broader Topix index lost 0.10 percent or 1.63 points to 1,695.04.
Source : AFP
Hong Kong stocks rose more than one percent Monday, staging a rebound after losing around five percent last week, with trade optimism trumping worries about violent protests in the city.
The Hang Seng index jumped 1.35 percent, or 354.43 points, to 26,681.09.
The benchmark Shanghai Composite Index rose 0.62 percent, or 17.86 points, to 2,909.20, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.72 percent, or 11.49 points, to 1,617.19.
Source : AFP