As we are getting closer and closer to USA and China finally getting a trade deal we are forced to look at the assets that are going to be hurt be the it. You see, if there is a deal between the two biggest economies of the world we are going to see attentions to their equities and indices grow. As a result, dollar and yuan are going to be the hot topics and other segments of the markets are going to see the outflow of traders. And we are seeing that today already.
We are getting the news that America and China are closer to a trade deal and gold immediately sees the downfall with traders rather turning towards American futures and Asian indices. Here is the behavior of metal for today. It is the lowest point since the middle of January.
What of the deal fails? What is going to happen to gold then? Follow our trading signals to find out!
