On Friday Gold was moderate following a fall of up to 2% in the previous day, while anticipations of progress in the US-China trade agreement supported the risk-on viewpoint, changing the desire for the metal.
Stocks surged and the dollar index increased following executives yesterday that stated that China and the United States have agreed to stop taxes on each other’s’ goods as part of the first phase of a trade agreement.
OPEC plans more production cuts
Daily Analysis - 08/11/2019