In futures trading at Multi Commodity Exchange, gold for delivery in October was down Rs 42, or 0.14 per cent, to Rs 30,800 per 10 gram in a business turnover of 177 lots.
Trade Tensions
China commerce minister says there is no winner in a trade war: RTRS
China commerce minister says U.S.’s unilateralism, protectionism will hurt global economy, does no good to any country: RTRS China commerce minister says cooperation between China and U.S. is the only correct choice on trade: RTRS
Trade Tensions and the Fed Shift the Market – Gold Silver Reports
Has the stock market reached a turning point? While such moments are incredibly difficult to call—most investors would do well to avoid trying to time the market—a few signals have appeared suggesting a shake-up among the leaders and laggards may be afoot.
Sensex Jumps 130 Points, Nifty above 10,980 Ahead of Modi Government No-Confidence Vote
Gold Silver Reports (GSR) – Indian benchmark indices BSE Sensex and NSE’s Nifty 50 gained on Friday as the Parliament will debate the no-confidence motion tabled by opposition parties against the Narendra Modi government.
Food Prices Crack Due to Trade War Tensions
Gold Silver Reports (GSR) – In India, the government’s decision to hike minimum support prices (MSPs) has raised the prospect of higher food inflation. But global food inflation may head the other way thanks to fears of an escalating trade war, if data from June is any indication.
China Shunning U.S. Soybeans on Trade Tensions
Gold Silver Reports (GSR) – China Shunning U.S. Soybeans on Trade Tensions — “Whatever they’re buying is non-U.S.,” Bunge Ltd. Chief Executive Officer Soren Schroder said in a telephone interview Wednesday. “They’re buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not buying anything from the U.S.”
Gold Investors Await Fresh Move in US-China Trade Spat
Gold Silver Reports (GSR) — Gold Investors Await Fresh Move in US-China Trade Spat – Spot gold was almost unchanged at $1,332.46 an ounce as of 9am. Prices hit a more than two-week low of $1,321.16 an ounce on Friday before closing 0.5% higher. US gold futures were unchanged at $1,335.80 an ounce.
Trump Escalates Trade Tensions With Call for New China Tariffs
Gold Silver Reports (GSR) – The move threatens to unravel efforts by top U.S. and Chinese trade officials to lower the heat and reach an agreement that could stave off an escalating conflict, after the release of a list of tariff targets earlier this week prompted immediate threats of retaliation from Beijing.
Stocks Rally Third Day as Trump Team Eases Stance
Gold Silver Reports (GSR) – Stocks Rally Third Day as Trump Team Eases Stance — The S&P 500 Index bounced back from Monday’s selloff as investors grew more confident the administration’s protectionist rhetoric wouldn’t result in equally stringent policy. The rally took stocks to a two-week high. The dollar strengthened for the third time this week, while the 10-year Treasury yield popped above 2.82 percent.
Global Gold Prices Rise on Renewed US-China Trade Tensions
Gold Silver Reports (GSR) – Gold prices rose on Monday as the dollar eased amid renewed concerns over a trade war after China imposed additional tariffs on US products in response to US duties on imports of aluminium and steel.