Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Commodities

Metals: Gold nears record high on Trump’s China comments – ING

Source Fxstreet

Gold rose close to a record high late last week after Donald Trump signalled a less aggressive approach to China, ING's commodity analysts Warren Patterson and Ewa Manthey note.

Trump pushes Gold higher

"In a TV interview last week Trump said he would 'rather not have to use' tariffs against China. His comments weighed on the US Dollar (USD) and lifted Gold prices higher. Although renewed USD strength this morning following escalation between the US and Colombia is providing some headwinds to Gold in early morning trading."

"Trump’s softer tone towards China also pushed Copper and other base metals higher last week. Copper climbed to a two-month high above $9,300/t in Friday’s session after Trump’s comments have eased trade concerns, at least for now."

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin Price Forecast: BTC risks losing $70,000 as AI and chip rally steal the spotlight Bitcoin (BTC) edges below $73,000 at press time on Monday, extending its decline under the prevailing downside pressure from three consecutive weeks of losses.

Author FXStreet

11 hours ago

Bitcoin (BTC) edges below $73,000 at press time on Monday, extending its decline under the prevailing downside pressure from three consecutive weeks of losses.

Fed’s Powell says credibility lost if President can fire officials Former Federal Reserve (Fed) Chair Jerome Powell said the US central bank would damage public trust that’s required to support a strong and stable economy if any president were free to dismiss Fed officials over policy disagreements, Bloomberg reported on Monday.

Author FXStreet

20 hours ago

Former Federal Reserve (Fed) Chair Jerome Powell said the US central bank would damage public trust that’s required to support a strong and stable economy if any president were free to dismiss Fed officials over policy disagreements, Bloomberg reported on Monday.

Forex Today: Yet to be confirmed US-Iran MOU caps US Dollar's upside Here is what you need to know on Friday, May 29:

Author FXStreet

May 29, Fri

Here is what you need to know on Friday, May 29:

How Trumponomics Influenced Oil Price Volatility in the Iran War Understand how the Strait of Hormuz shock moved markets, and what CFD traders watched next.

Author Rachel Weiss

May 29, Fri

Understand how the Strait of Hormuz shock moved markets, and what CFD traders watched next.

Finding The Best Japan Stocks to Buy? These are Top Japanese Companies to Watch Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.

Author Mitrade

May 29, Fri

Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.

Related Instrument