After falling by ₹145 yesterday, gold prices continued to decline for the second day today. Gold futures were trading at ₹37,490 per 10 gram, down by ₹54 or 0.14% after US President Donald Trump said Washington was close to a trade deal with China. So far this month, gold prices have dropped by around ₹500 per 10 gram at MCX.
US Trade War Exposes
Trade Tensions Remain High After President Donald Trump’s Comments
Trade tensions remain high after President Donald Trump’s comments on Tuesday that a deal may await after the November 2020 Presidential elections.
Fresh comments are hitting the wires from the Chinese Foreign Ministry, as reported
Fresh comments are hitting the wires from the Chinese Foreign Ministry.
Beijing Strategy now to Talk But Wait Due to Impeachment, US Election
Mood in Beijing about trade deal is pessimistic, government source tells me. China troubled after Trump said no tariff rollback. (China thought both had agreed in principle.) Strategy now to talk but wait due to impeachment, US election. Also prioritize China economic support.
US Trade War Exposes Cracks in China’s Economy
China’s economy has seen better days. Premier Li Keqiang has gone on a whistle-stop tour to cajole Communist Party cadres, as well as holding discussions and panel meetings with academics and economists.