Gold prices surged as Trump signals US-China trade war escalation. In the early morning on Friday, Gold price fell from 1449.11 to 1430. After the US Non-farm payroll figure of 164K released last Friday, the Gold price rebounded more than 15 dollars, and finally oscillated at around 1,440.13.
As the Fed’s willingness to cut interest rates is less than market expectations, the Dollar Index dropped 0.28% to 98.09. The U.S. benchmarks on Friday ended lower, S&P 500 and DOW 30 figures decreased 0.73% to 2932.04 and 0.37% to 26485.01 respectively.
While Friday’s comments about U-turn on trade tariffs from the US President Donald Trump helped trigger WTI recovery, the oil price hold the strength amid geopolitical tension surrounding the Middle East. The number of U.S. oil rig counts fell for the fifth consecutive week to 770 at the 18-month low. Russia's crude oil production in July decreased by 290K per day barrels compared to the October last year. WTI crude oil price rose 1.28% to 55.19. BRENT crude oil price increased 0.2% to 61.17.
Due to the high risk aversion, all German government bond yields have fallen below 0%. Analysts believed that as the situation continues to deteriorate, Germany's 10-year yields will inevitably hit -0.50%.
The upcoming big data and events: NZD Unemployment Rate (2Q), NZD Employment Change (YoY) (2Q), CNY Caixin China PMI Composite (JUL), CNY Caixin China PMI Services (JUL), GBP Markit/CIPS UK Services PMI (JUL), GBP Markit/CIPS UK Composite PMI (JUL).
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。