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http://WWW.POWERCOMMODITY.COM Gold edged up to hit its highest in nearly a week on Thursday as the US dollar slumped, its safe-haven appeal lessened by reduced fears over the near-term impact of Sino-US trade tensions. The dollar hit a nine-week low against a basket of major currencies, while world stocks bounced up amid continued relief that fresh US and Chinese tariffs on reciprocal imports were less harsh than originally feared. For More Updates Call/Whatsapp Yashika Diwan @8859787761

http://WWW.POWERCOMMODITY.COM Yesterday international spot gold prices increased by 0.61 percent on account of weak dollar and short covering at lower levels. On the MCX, gold prices increased by 1.12 percent during the same time frame. Positive events around Brexit lead to strength in Euro and Pound in turn weakening the US dollar. A weak dollar usually helps in the strengthening of gold prices. Meanwhile, Donald Trump decided to go ahead with 10 percent tariffs on $200 billion of Chinese imports and reiterated that if China would retaliate then US would impose tariffs on the remaining $267 billion of Chinese imports as well. Since its peak in Apr󈧖 gold spot prices have declined by nearly 10 percent on account of rising trade war concerns and investors running towards dollar as a safe haven rather than choosing the traditional safe haven of gold. For More Updates Call/Whatsapp Yashika Diwan @8859787761

http://WWW.POWERCOMMODITY.COM (Gold Prices Slips Despite Escalating U.S.-China Trade Tensions) Gold prices inched lower on Tuesday despite reports that the U.S. is slapping 10% tariffs on $200 billion in Chinese goods. U.S. President Donald Trump said in a statement on Monday that U.S. is slapping 10% tariffs on $200 billion worth of Chinese goods, and that the tariffs would rise to 25% in January 2019. For More Updates Call/Whatsapp Yashika Diwan @8859787761

http://WWW.POWERCOMMODITY.COM (Gold Prices Settle Higher as Trump Cools Trade Talk Hopes) Gold prices rose on Friday morning in Asia, as U.S. President Donald Trump  dampened market optimism  brought by the possibility of renewed trade talks between Washington and Beijing. Trump threw cold water on the idea that trade talk initiated by the White House are aimed at de-escalating tensions between the U.S. and China by tweeting that the country “was under no pressure to make a deal with China.” For More Updates Call/Whatsapp Yashika Diwan @8855787761

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http://WWW.POWERCOMMODITY.COM Gold Prices Gain, Dollar Also Edges Up as Trade War Worries Ease  Gold prices gained while the dollar also edged up on Monday as trade war worries eased somewhat after reports over the weekend said U.S. President Donald Trump and Chinese leader Xi Jinping may meet in November to resolve intensifying trade disputes between the two countries. China and the U.S. announced on Thursday that  lower-level trade talks  would be held on August 22-23. A nine-member delegation from Beijing will hold meetings with U.S. officials, according to officials from both countries.    For More Updates Call/Whatsapp Yashika Diwan@8859787761

http://WWW.POWERCOMMODITY.COM (Gold Prices Gain, Dollar Slips as U.S. Confirms Trade Talks with China) Gold prices traded slightly higher on Friday while the U.S. dollar dropped after White House economic advisor Larry Kudlow confirmed that Chinese and U.S. officials will meet later in August to resume trade talks. “Next week, the main focus will likely shift to U.S.-China trade issues from Turkey with the Chinese delegation visiting Washington and as $16 billion in new tariffs on Chinese good are due to take effect,” he added. For More Updates Call/Whatsapp Yashika Diwan@8859787761

http://WWW.POWERCOMMODITY.COM It’s Time for Contrarians to Get Bullish on Gold (GOAU) Gold can’t seem to catch a break. The yellow metal normally acts as a safe haven in times of political and economic strife, but in the face of Turkey’s lira meltdown, investors have taken cover instead in the U.S. dollar. On Monday, the stronger greenback pushed gold to end below $1,200 an ounce for the first time since January 2017. For More Updates Call/whatsapp Yashika Diwan@8859787761

http://WWW.POWERCOMMODITY.COM (Gold Review: Struggles near 19-month low, chart set-up points to continuation ofthe downfall)  •  Subdued USD offset by positive US bond yields and continues to weigh. •  Fading safe-haven demand further contributes to the lacklustre trading. Gold  seesawed between tepid gains/minor losses through the mid-European session and was seen consolidating overnight slump to the lowest level since late-Jan. 2017. The ongoing  US Dollar  upsurge, further supported by a goodish pickup in the US  Treasury bond yields , was seen as one of the key factors exerting some heavy selling pressure around the dollar-denominated/non-yielding yellow metal. For More Updates Call/Whatsapp Yashika Diwan@8859787761

http://www.powercommodity.com (Oil Price Steadies Despite Intensifying U.S.-China Trade Tension) Oil price steadied on Friday despite the intensifying trade tension between the U.S. and China.The Chinese Ministry of Commerce announced a 25% tariff on $16 billion worth of U.S. goods including passenger cars and motorcycles on Wednesday. Beijing’s announcement came after the Trump administration confirmed a list of $16 billion worth of Chinese goods that would be hit with tariffs in the previously day. China’s Ministry of Commerce said in a statement that the U.S.’s decision is “very unreasonable,” and that China has no choice but to retaliate.  For More Updates Call/Whatsapp Shefali Khanna@8859787761

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