Increase In Gold Value
Publish Date : 2019/07/25 - 10:35

Today, gold fell short at Asian session and rose again to around $ 1427 in the final hours of the meeting.

The news that North Korea threw two short-range missiles at sea early this morning has pushed the demand for safe metal (gold) up again.

However, the upside expectations around the US dollar were accompanied by a growth in business and triggered a strong move for the dollar-denominated commodity.

Meanwhile, the Chinese Minister of Commerce emphasized that early Thursday, the US negotiators will meet their Chinese counterparts and resume their business talks in Beijing on July 31 and August 1.

This was accompanied by a change in investors' expectations of a 50% reduction in federal interest rates in the upcoming meeting, which could be more beneficial for the yellow met.

source:Fxstreet.com

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