Profile image
浏览次数

现在:
最近一小时:
最近24小时:
浏览总量:
MTECHTIPS:-Gold hits six-year peak as trade, growth concerns spur demand
Monday, August 5, 2019 8:05
% of readers think this story is Fact. Add your two cents.
0


MTECHTIPS:-Gold hits six-year peak as trade, growth concerns spur demand

 

MTECHTIPS-Gold prices jumped 1% to their highest level in more than six years on Monday, as the escalating trade war between the United States and China along with global growth worries drove investors towards safe-haven assets. Spot gold was up 0.8% at $1,451.37 per ounce as of 0405 GMT, after hitting its highest since May 2013 at $1,455.26. U.S. gold futures rose 0.5% to $1,464.50. “Gold is certainly benefiting from the global concerns about the outlook for growth, and central banks are likely to maintain their accommodative stance, so safe-havens like gold are in demand,” said Michael McCarthy, chief market strategist, CMC Markets.Trade tensions between the U.S. and China is an important factor, the potential for escalation is very high… we might not get what markets are fearing, but it is all adding to the real concerns about the outlook for growth assets.” On Friday, China said it will fight back against U.S. President Donald Trump’s decision to impose an additional 10% tariff on $300 billion worth of Chinese imports. The tariffs may force the central bank to cut interest rates more than it had hoped was necessary to protect 

 

Report abuse

评论

您的评论
Question Razz Sad Evil Exclaim Smile Redface Biggrin Surprised Eek Confused Cool LOL Mad Twisted Rolleyes Wink Idea Arrow Neutral Cry Mr. Green

今日头条
最新故事

Register

Newsletter

Email this story
Share This Story:
Print this story
Email this story
Digg
Reddit
StumbleUpon
Share on Tumblr
GET ALERTS:

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.