The US and China have reached a new framework to revive their trade truce, with both sides signaling readiness to ease tariffs and resolve rare earth export issues.
US/China trade dispute
Spot Gold was up 0.2 percent at $1,203.86 – Neal Bhai Reports
Gold Silver Reports (GSR) — Spot Gold – “However, there is not much of a safe-haven appeal (for gold) as the market is not packing in a lot of punch to trade war.”
Crude Oil under pressure as China Fights Back in Trade Dispute – Gold Silver Reports
Gold Silver Reports (GSR) – With bond markets seemingly taking the summer off, the dollar is taking its lead from the direction of the yuan. Since the PBoC decision to raise the reserve requirement ratio last week, the yuan has stabilised but also has begun to edge a touch stronger against the dollar. This is cramping the move higher on the Dollar Index, which is latterly consolidating.