Forex Marketz Daily Forex News – Fully Markets Update
Gold futures inched higher during Wednesday’s morning Asian trade hours. This comes as the dollar eased from its multi-month high, set earlier this week. The euro and British pound both gained on a potential Brexit deal.
As of 1 am GMT, the widely traded spot gold contract had moved higher. This contract gained nearly 0.1 percent to trade at $1,202.55 per ounce.
U.S. gold futures, for front month delivery, also gained ground. This contract was up 0.1 percent to trade at $1,203 per ounce.
The dollar index, which measures the dollar in a basket with six Forex peers, was down this morning by nearly 0.3 percent.
Gold Traders Digest Trade News between China and the United States
In the headlines, President Donald Trump’s senior economic adviser said that the United States welcomed the renewed talks with China regarding trade. U.S. Vice President Mike Pence issued a warning. He said that China must change its behavior to avoid cold war, on trade, with the United States.
In economic news out of the United States, inflation expectations remained the same for the month of October from a month ago. However, Americans are expected to spend and earn more. This comes from a survey released by the Federal Reserve Bank of New York. It was published yesterday.
The United Kingdom and the European Union after a year of negotiations have agreed to a divorce deal. U.K. Prime Minister must now sell this deal to the British Parliament at a meeting today at 2 pm GMT time.
