An agreement between the United States and China to roll back existing tariffs as part of a “phase one” trade deal faces fierce internal opposition in the White House and from outside advisers, multiple sources familiar with the talks said.
US Government News
Fed says Minutes to be Released on Time as Offices Close
The U.S. Federal Reserve said minutes of its January policy meeting would be released on Wednesday as scheduled though its offices in Washington would be closed due to bad weather.
China-U.S. Trade Talks ‘Making a Final Sprint’: State Media
Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced “step-by-step” progress.
Gold Steady as Sino-U.S. Trade Hopes Drag Dollar
U.S. and Chinese officials expressed hopes that a new round of trade talks, which began in Beijing on Monday, would bring them closer to easing their nearly year-long trade war.
Gold Prices Hold Firm on Trade, Growth Concerns
Gold Silver Reports (GSR) – FUNDAMENTALS — Scrap gold supplies in India, the world’s second-biggest consumer of bullion, may increase this quarter as a rally in local gold prices has prompted consumers to sell old trinkets and jewellery.
Fed’s Kashkari says Powell is ‘coming around’ to his Dovish view
Gold Silver Reports (GSR) — Fed’s Kashkari: Rate hike pause keeps U.S. growth on track — The Federal Reserve’s decision to stop raising interest rates puts a “fundamentally healthy” U.S. economy on track to further growth, Minneapolis Federal Reserve Bank President Neel Kashkari suggested on Sunday.
Spot Gold Technical Report – Break Support $1280 – Neal Bhai
Gold Silver Reports (GSR) – Also supporting gold was a prolonged partial U.S. government shutdown and expectations that the Federal Reserve will hold its multi-year rate hike cycle, analysts said.