Email Facebook Twitter

Exclusive: Hayden Locke, CEO Emmerson plc, a low cost high margin potash investment | Watch Now

Exclusive: Hayden Locke, CEO Emmerson plc, a low cost high margin potash investment
Richard Slape, Oil consultant - Avoiding Losers and Picking Winners, his personal strategy

Alliance News

Gold Dips On Improved Risk Appetite

Tue, 8th Jan 2019 11:50

WASHINGTON (Alliance News) - Gold prices fell slightly on Tuesday as hopes for US-China trade deal and dovish comments from Fed Chairman Jerome Powell bolstered investors' appetite for risk.

Spot gold was marginally higher at USD1,283.06 per ounce while US gold futures were down 0.45% at USD1,284.05 per ounce.

The dollar gained ground versus its peers as investors kept an eye on discussions going on between US and China.

US Commerce Secretary Wilbur Ross said on Monday that there's a very good chance that Beijing and Washington could reach a trade deal that "we can live with".

Some analysts, however, remain skeptical over the possibility of a breakthrough.

Meanwhile, there are expectations that the Federal Reserve may not be in a position to hike interest rates at all during 2019 due to the deteriorating global economic outlook.

Fed Chair Powell said last week that the US central bank would be more data dependent and patient with interest rate policy.

Copyright RTT News/dpa-AFX

Alliance News

Back to Alliance News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.