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Gold Prices Risk Larger Pullback on Hopes for US-China Trade Deal

From dailyfx.com

The price of gold extends the decline from the monthly-high ($1557) as US Treasury Secretary Steven Mnuchin insists the Trump administration is making “a lot of progress” in negotiating a trade deal with China, and recent price action points to a larger pullback as the precious metal continues to carve a series of lower highs and lows. Gold prices remain under pressure as US Treasury yields recover from yearly lows, and the current environment may continue to drag on the price for bullion as China Premier Li Keqiang states that “we welcome enterprises from all over the world, including the United Sates, to expand ... (full story)

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  • Category: Fundamental Analysis