- Gold settles for two days losing a line, and gained 1.5 % on fears of the new trade war.
- Trump relieves introductory talk, but China denies negotiations and calls for a complete connection.
- The federal reserve reduction bets risely increase with lower revenues and adopt economic uncertainty.
Gold price picked up two days of losses on Thursday and rose $ 50, or more than 1.50 %, amid renewed concerns about the US -Chinese trade war. Although US President Donald Trump has reduced his position on adhering to 145 % of the customs tariff on Beijing, Xau/USD is trading at $ 3338 after jumping from its lowest daily levels of $ 3,287.
The market mood is still optimistic with Wall Street’s publication gains. Although traders seem to feel comfortable with Trump’s willingness to reach a deal with Beijing, China plays a harsh ball and requires the abolition of all American customs tariffs “unilaterally”, showing that they did not meet with the United States government.
Advanced alloys from the cover of treasury bonds are offered in the United States. US The dollar index (DXY) also feels pain after hitting four -day peaks against a basket of six currencies.
American economic data witnessed a preliminary publication Unemployment claims Last week, which was agreed with estimates. Durable goods orders acutely jumped in March, sponsored by aircraft orders.
Meanwhile, a wave of federal reserve officials (Fed) occupied the main headlines. Cleveland Reserve Chairman Cleveland Peth Hamak stated that the Federal Reserve can behave just in June if the data supports it, but stressed that the uncertainty weighs business planning.
Federal Reserve Governor Christopher and Er and Errier chanted a similar tone, noting that although the procedure in June is still on the table, the motivation may be behind the price cuts in the weak labor market. “Prices can come from unemployment,” said Waller.
With regard to opportunities feeding Reducing attention Rates At the next meeting, traders see a 94 % chance to keep them unchanged, according to Market Prime. However, traders expect the Federal Reserve’s money to end 3.45 %, equivalent to 86 basis points of mitigation (BPS).
source: The main market station
Daily Digest Market Movers: The high price of gold enhanced by the weak US dollar
- The return on the Note of the Treasury in the United States decreased for 10 years by seven and a half points, reaching 4.31 %.
- The real revenues in the United States collapsed seven biotin per second to 2.023 %, as shown by the securities protected in the treasury in the United States for 10 years.
- The orders of permanent goods in the United States in March increased from 0.9 % to 9.2 %, sponsored by aircraft reservations. Initial unemployment claims for the week ended on April 19 by 222 thousand as expected, up from 216,000 in the previous reading.
Technical expectations Xau/USD: Resuming gold prices in translating the following as buyers recover $ 3,300
Golden prices arrangement have been resumed, however buyers must scan the highest level on April 22, $ 3,386 to prevent sellers from withdrawing low prices. The next key resistance level will be 3400 dollars, followed by $ 3,450 and formed 3500 dollars.
On the other hand, then Xau/USD It decreases to less than 3,300 dollars, and this door may open to test 3,200 dollars before the peak of April 3, $ 3,167. The latter’s breach of the simple moving average for 50 days (SMA) will be offered at $ 3,041.
Common questions between the United States of China for war
In general, the trade war is an economic conflict between the two countries or more due to severe protectionism at one party. It involves the creation of commercial barriers, such as customs tariffs, which lead to anti -import barriers, and to import costs, and thus the cost of living.
The economic conflict between the United States (the United States) and China began in early 2018, when President Donald Trump laid commercial barriers on China, claiming unfair commercial practices and theft of intellectual property from the Asian giant. China has taken retaliatory measures and imposed a tariff on multiple American goods, such as cars and soybeans. Tensions escalated until the two countries signed the commercial deal for the first stage of the United States of China in January 2020. The agreement requires structural reforms and other changes on the economic and commercial system in China and demonstrated by restoring stability and confidence between the two countries. However, the Koronavus virus’s pandemic took the focus from the conflict. However, it should be noted that President Joe Biden, who took office after Trump, maintained the customs tariff in his place and added some additional fees.
Donald Trump’s return to the White House as an American president ignited 47 new waves of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60 % of the customs tariff on China once he returns to his position, which he did on January 20, 2025. With the emergence of Trump, the American trade war and China aim to resume the place where it was left, with policies for corrections that affect global economic records in nutrition in nutrition.
