empty
 
 

2019.02.2805:49:00UTC+00Gold Recovers From Two-week Lows

Gold prices rose slightly on Thursday, recovering from two-week lows touched in the previous session amid a slew of negative catalysts.

Both spot gold and U.S. gold futures were up around 0.4 percent at $1,325.26 and $1,326.75 per ounce, respectively.

Recent optimism around the U.S.-China talks faded after U.S. Trade Representative Robert Lighthizer said that China needs to go beyond pledging to buy more U.S. goods to reach to a long-term trade agreement.

A summit between U.S. President Donald Trump and the North Korean leader Kim Jong-un ended with no agreement after North Korea reportedly wanted all sanctions on it lifted in exchange, something the U.S. was not prepared to do.

A report showed that China's manufacturing sector shrank in February for the third straight month, rekindling investor worries over growth.

Other safe-haven assets such as Yen and the Swiss Franc also firmed up after the U.S. and North Korea failed to reach a nuclear deal.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback