Safe-Havens Underperform on Friday

Heightened hopes of the United States (US) and China reaching a partial trade deal on reports claiming that China will agree to the US’ terms on Yuan valuation in exchange for delayed tariffs provided the inial boost to the market sentiment on Friday.

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MCX Crude Oil

Crude Oil Prices Up – Higher US Tariffs Kick in on Some Chinese Goods

Gold Silver Reports (GSR) – China on Friday said it “deeply regrets” the U.S. move, adding that it would take necessary countermeasures, without elaborating. Crude Oil prices rose on Friday despite the start of U.S. President Donald Trump’s tariff hike on $200 billion of Chinese goods, stoking the trade dispute between the world’s two biggest economies.

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