Weekly Metals Wrap

From orbex.com

The yellow metal was able to post a minor recovery this week, fuelled by a rise in safe haven demand seen in response to equity market weakness. The US Dollar fell lower this week, despite supportive commentary from Fed officials this week who used their airtime to endorse the view that US rates are due to rise further. Safe haven demand for gold has increased this week in light of the latest Chinese data which highlighted worse than expected manufacturing data. The negative impact of the ongoing trade war between the US and China is now clearly seen in Chinese data and indeed world trade data with world trade growth ... (full story)