Gold prices ascend as investors closely watch US-China trade clashes

Gold prices ascend as investors closely watch US-China trade clashes

On Wednesday, gold prices managed to tack on in Asia. At the same time, the evergreen buck stood still due to the fact a great number of market participants closely watched everlasting US-China trade clashes.

As a matter of fact, by 1:44 AM ET December delivery gold futures headed north by up to 0.1% coming up with an outcome of $1,224.4 a troy ounce.   

On Tuesday, another round of US-China trade escalation took place because on Tuesday a 53-page report was published. In this document, US Trade Representative Robert Lighthizer officially accused the Asian country of a state-backed campaign of technology and intellectual property theft.

The US statesman pointed out that China hasn’t changed its policies, practices as well as acts having to do with intellectual property, technology transfer and also innovation. What’s more, China has taken a number of unreasonable actions for the last time, the statesman added.

Moreover, market participants will probably switch their attention to the G20 leaders' summit expected to be held later this month in Argentina. Exactly at this event, American leader is anticipated to meet with his Chinese rival Xi Jinping.

Evaluating the purchasing potential of the evergreen buck against its primary peers the USD index inched down by nearly 0.03% ending up with 96.67.

As for trading volumes, they’re generally anticipated to stay subdued ahead of the Thanksgiving holiday in the United States on Thursday.

The gains on the 10-year American Treasuries rebounded from Tuesday’s seven-week minimums, heading north by up to 3.081%.

The evergreen buck soared versus the Japanese yen. The currency pair USD/JPY hit 112.83 having tumbled to a three-week minimum of 112.29 on Tuesday.

As for the common currency, it leapt. The currency pair EUR/USD added 0.25% trading at 1.1398 having dived by 0.71% in the previous trading session.



Russian Oil Got Banned from Market
Russian Oil Got Banned from Market

This week started with the talk of the United States banning Russian oil exports, so XBR/USD saw $130 a barrel. Then the ban became reality. What does it really mean for the market?

Something more Important than NFP
Something more Important than NFP

For a long time, traders considered American Non-farm Payrolls (NFP) the most important release in the market. However, the situation has changed. Now US CPI moves financial markets.    

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

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!

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