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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Gold is down as the dollar rallies, supported by trade tensions

    Rocky
    Rocky
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    Gold is down as the dollar rallies, supported by trade tensions Empty Gold is down as the dollar rallies, supported by trade tensions

    Post by Rocky Mon 11 Feb 2019, 1:43 am

    Gold is down as the dollar rallies, supported by trade tensions

    Gold is down as the dollar rallies, supported by trade tensions 12932



    Gold prices fell on Monday as the dollar received support from the blurring of trade tensions between the US and China, reducing the precious metal's appeal as a safe haven even as investors worry about slowing global economic growth.
    By 0539 GMT, spot gold fell 0.2 percent to $ 1311.77 an ounce, and US gold futures fell 0.2 percent to $ 1315.50 an ounce.
    "The strong dollar is acting as a barrier to gold in the near term," said Benjamin Lo, analyst at Philip Futures in Singapore.
    Investors are looking forward to the Beijing-Washington trade talks this week as a delegation of US officials heads to China for the next round of negotiations. US President Donald Trump said last week he had no intention of meeting with Chinese President Xi Jinping before March 1, the deadline for a trade deal.
    Trump pledged to increase US tariffs on Chinese goods worth 200 billion dollars if the two sides could not reach an agreement by 0501 GMT on March 2.
    Trade tensions between the world's two largest economies have disrupted financial markets since last year and also boosted the dollar's appeal as a safe haven.
    The dollar index touched its highest level since Jan. 3, raising the cost of gold denominated in the US currency to holders of other currencies.
    The spot price of palladium fell 1.2 percent to $ 1385 an ounce.
    Silver fell 0.4 percent to $ 15.76, while platinum fell 1.2 percent to $ 788.50 an ounce.


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