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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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Gold rises weakly in anticipation of details of the trade deal

December, 23 2019
watermark Economic news

The price of gold is growing slightly on Monday, market participants are waiting for further news from the front of the trade war. The cost of the February gold futures on Comex New York Stock Exchange reached $1.488.95. 


On Saturday, US President D. Trump confirmed that a trade agreement with China, which the parties have been negotiating for more than a year, will be signed soon. However, the details of the deal are not specified.


Market participants are concerned about the lack of additional information, as well as the fact that China has protested to the United States regarding the inclusion of items on supporting protesters in Hong Kong in the draft defense budget for 2020.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.