Gold concludes up

Gold concludes up

On Monday, the yellow metal concluding up, giving up earlier losses due to the fact that market participants reacted to a dive in stocks after US leader ruined perceived progress on trade negotiations by threatening to lift levies soon on China.

The yellow metal has rebounded with steep market dives as a response to the fact that US-China tariff talks suddenly froze. In fact, tariff threats worry market participants because metals are in line to suffer, while anti-inflationary aspects of retaliations along with higher costs for producers impact nearly all products.

June delivery gold futures managed to surge by 0.2% concluding the trading session at  $1,283.80 an ounce, having recorded a minimum of $1,278.10. Eventually, on Friday, the contract inched up by 0.7% reaching $1,281.30, paring the previous week’s dive to 0.6%.

In addition to this, gold stocks managed to rally by 0.3%. As for the iShares Silver Trust SLV stocks gained by 0.1%. Besides this, the VanEck Vectors Gold Miners ETF GDX ascended by almost 0.4%.

Besides this, July delivery silver futures SIN9 declined by 0.3% being worth $14.927 an ounce, having lost 0.7% the previous week.

Market participants clang to safe-haven assets, including the Japanese yen. The currency pair USD/JPY gained ground versus the evergreen buck, after several tweets from US leader on Sunday demonstrated impatience with the progress of China-US trade negotiations. US President told he’d lift levies on $200 billion of Chinese exports by Friday from 10% to 25%.

The USD index was nearly intact, demonstrating an outcome of 97.493.

Besides this, China shares SHCOMP inched down by 5.6%, demonstrating their worst one-day performance since 2016.

Additionally, copper futures jumped by 0.4% being worth $2.830 a pound.


Latest news

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera