Gold Prices
Rise Ahead of Expected Rate Cut
Gold prices rose on Tuesday in Asia ahead of an expected rate cut by the
U.S. Federal Reserve. Markets widely expect the Fed to cut rates by at
least 25 basis points this week. Some traders previously speculated the central
bank to slash rates by 50 basis points, but chances of that happening dampened
after the U.S.' second-quarter GDP came better than expected
Missed Call Or WhatsApp Arushi Pathak 7900407979 www.deltamcx.com Maximum Accuracy Best Returns Oil prices traded lower on Monday in Asia. Sino -U.S. trade war developments were in focus.U.S. Crude Oil WTI Futures fell 1.1% to $55.04 by 12:35 AM ET (04:35 GMT.). International Brent Oil Futures were down 1.2% to $61.16.Concerns that the U.S.-China trade war may further intensify eased somewhat after President Donald Trump reportedly said that proposed tariffs on China could be delayed or halted if Beijing “takes positive action.”During an interview with CNBC, Trump said that his administration could delay or halt the imposition of tariffs if China " takes positive action." The comments came on Friday, a day after Trump announced that the U.S. would impose new levies on $300 billion worth of Chinese goods, raising fresh fears about oil demand growth, sending oil prices tumbling 8% - their biggest one-day drop in more than four years.The t...
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