On Thursday the safe haven Gold continued to be constant following the United States and China confirmation of an introductory trade agreement, while traders entered uncertainty mode. The reason for the uncertainty were several sensitive matters that continued to be unresolved among the world’s two greatest economies. Spot gold was exchanged at $1,555.73 per ounce while the U.S. gold futures advanced to $1,556.19. The long awaited Phase 1 trade agreement was approved by the Chinese Vice Premier Liu He and the United States President Donald Trump yesterday, pausing an almost 19 months of tensions that has disturbed the global markets.
U.S. and China phase one agreement
Daily Analysis - 16/01/2020