Gold eased on Monday after jumping 1% in the previous session as progress in U.S.-China trade talks limited further gains, and as caution set in ahead of this week’s U.S. Federal Reserve meeting.
Silver / US Dollar Spot
Gold eases as dollar firms; U.S and China are set to meet for trade negotiations in Washington on Oct. 10-11
Chinese officials are signaling they’re increasingly reluctant to agree to a broad trade deal pursued by President Donald Trump, ahead of negotiations this week that have raised hopes of a potential truce.
Spot Gold Support at $1,337 per ounce and Next Strong Support @ $1,324 – Gold Silver Reports
Gold Silver Reports (GSR) – Spot gold may break a support at $1,337 per ounce and fall to the next support at $1,324.
Gold Comex Holds Steady Above Two-week Low After Fed Minutes
Gold Silver Reports (GSR) – The minutes from U.S. Fed’s last meeting showed policymakers agreed that their current patient approach to setting monetary policy could remain in place “for some time.”
Gold on Track for Weekly Rise After US Tariff Hike Takes Effect – Gold Silver Reports
Gold Silver Reports (GSR) – U.S. President Donald Trump’s tariff increase to 25 percent on $200 billion worth of Chinese-goods took effect on Friday, and Beijing said it would strike back, ratcheting up tensions as the two sides pursue last-ditch talks to try salvaging a TradeDeal.
Gold Prices Kiss Near 3-Month Low as Easing Growth Concerns
Gold Silver Reports – Gold prices fell to a near 3-month low on Tuesday as positive economicdata from major economies stoked risk appetite, weakening demand for safe-haven bullion.
Gold Slip to Near 5-Week Low as Dollar Trumps Euro Post ECB
Gold eased on Thursday as the dollar gained versus the euro after the European Central Bank postponed an interest rate hike, wiping out gains for bullion driven by the darkening global economic outlook.