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Wednesday, 07/04/2018 6:54:00 PM

Wednesday, July 04, 2018 6:54:00 PM

Post# of 1715
“... Investors are now looking to minutes of the June U.S. Federal Reserve meeting due for publication on Thursday and the U.S. non-farm payrolls and unemployment data on Friday for further cues on monetary policy.

Markets are pricing in two more Fed interest rate hikes for 2018. World stocks were flat amid growing anxiety ahead of Washington's end of week deadline to impose tariffs on Chinese imports.

"Since the trade wars have been doing the rounds, if anything we've seen gold come lower. But if it continues to escalate gold could go only one way and that's higher," a Sydney-based trader said.

China is putting pressure on the European Union to issue a strong joint statement against U.S. President Donald Trump's trade policies at a summit later this month but is facing resistance, European officials said. Gold is often regarded as a safe haven during times of political and financial uncertainty. Silver was 0.1 percent higher at $16.03 an ounce and palladium gained 0.7 percent to $946. Platinum was flat at $837 an ounce. The metal fell on Tuesday to the lowest since December 2008 at $793....”

http://www.kitco.com/news/2018-07-04/Precious-Gold-Prices-Touch-One-Week-High-on-Softer-U-S-Dollar.html

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