gold Archives - Page 4 of 7 - The Industry Spread

GBPUSD Slumps, Gold Higher

August 28, 2019

Asian indices finished mixed today as trade tensions between the China and USA ease. President Trump on Friday announced the increase of tariffs on $250 billion of Chinese goods to 30% from 25% starting Oct. 1, and above that, he will hike tariffs on another $300 billion in Chinese imports to 15% from 10%.

EURUSD at Weekly Lows, Gold below 1,500

August 20, 2019

Asian indices continue higher for second day mirroring the Wall Street as traders looking for stimulus in major economies that can boost hectic growth. Germany is prepared to increase fiscal spending as its economy heading to recession, while the central bank of China lowered corporate borrowing costs. The Hang Seng trading 0.05 percent higher at 26,306, Nikkei225 in Japan is 0.46% higher at 20,656.

Hang Seng Lower, Gold at Fresh 6 Year Highs 

August 13, 2019

Asian stocks finished lower today as protests in Hong Kong shut down the airport, and the recent escalation in US-China trade tensions shows no sign of relief. The Hang Seng trading 1.69 percent lower at 25,381, Nikkei225 in Japan is 1.22% lower at 20,436. The Shanghai Composite ended 0.79 percent lower to 2,792, while in Singapore, the FTSE Straits Times index finished 0,72 percent lower to 3,146. Australian equities trading lower, the ASX 200 is 0.20% lower to 6,577.

Asian Stocks Mostly Higher, Gold Retreats from Recent Highs

August 12, 2019

Asian stocks finished mostly higher today amid the recent escalation in US-China trade tensions, while USDCNH fixing rate was at 7.0211. The Hang Seng trading finished 0.09 percent higher at 25,959. The Shanghai Composite ended 1.22 percent higher to 2,808, while in Singapore the FTSE Straits Times index finished 0,49 percent lower to 3,168. Australian equities trading flat, the ASX 200 is 0.01% lower to 6,584.

Asian Equities Rebound, Gold Breaks Above 1,500

August 8, 2019

Asian stocks rebound today after better trade numbers from China for the month of July and despite the recent escalation in US-China trade tensions, while USDCNH breaks above the 7 level. The Nikkei225 finished 0.50 percent higher at 20,618, the Hang Seng trading 0.59 percent higher at 26,151. The Shanghai Composite ended 1.02 percent higher to 2,797, while in Singapore the FTSE Straits Times index finished 0,44 percent lower to 3,171.

USDCAD at 3-Week Lows, Gold Shines 

August 2, 2019

Asian stocks finished lower today as U.S President Trump announced that the US will impose a 10.0% tariff on the remaining $300.0bn-worth of Chinese products. The Nikkei225 ended 2.11 percent lower at 21,087, the Hang Seng finished 2.35 percent lower at 26,918. The Shanghai Composite ended 1.41 percent lower to 2,867, while in Singapore, the FTSE Straits Times index finished 0,93 percent lower to 3,261. Australian equities also ended lower, the ASX 200 finished 0.30% lower to 6,768.

EURUSD at 2 Year Lows, Gold Tests 1,400 

August 1, 2019

Asian stocks finished lower today as investors await the first interest rate cut in a decade from Fed. The Nikkei225 ended 0.09 percent higher at 21,540 as Japan Nikkei Manufacturing PMI came in at 49.4, below expectations of 49.6 in July. The Hang Seng finished 0.76 percent lower at 27,565. The Shanghai Composite ended 0.81 percent lower to 2,908, while in Singapore, the FTSE Straits Times index finished 0,27 percent lower to 3,291. Australian equities also ended lower, the ASX 200 finished 0.35% lower to 6,788.