On Thursday the safe haven Gold rose while the greenback decreased following the Federal Reserve interest rates cut. The cut came for the third time in 2019. Growing confidence that the two economic giants, the U.S. and China will eventually confirm an introductory arrangement to declare a stop to their more than a year trade conflict played a huge role following the Fed’s decision to warn that further rate reductions are on hold for now. U.S. gold futures went up 0.2% to $1,500.09 per ounce. Spot gold gained 0.2% to $1,497.98 per ounce.
APEC is canceled due to protests
Daily Analysis - 31/10/2019