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USD/CHF Climbs, Gold Pressured as Risk Sentiment Improves on Trade Reset
Positivity stemming from weekend trade talks between the United States and China has safe havens like gold and the Swiss franc on the backfoot in early Asian trade on Monday. Despite a lack of specific detail, optimism from both the U.S. and Chinese delegations as to how discussions went is not only good news for their respective economies but also the world as a whole, adding to the risk that recent unwinds in safe haven assets may have further to run near term. The United States and China reported “substantial progress” following two days of trade talks in Switzerland, agreeing to establish a new mechanism for ... (full story)
