Asian Markets Trade Lower after U.S. Equities Close In the Red, Gold Hits One-Week High

Gold futures gained on Tuesday, extending its upward rally to a third consecutive session amid global selloffs. The precious metal hit one-week high in Asian trading hours as Asian shares, which took their cues from a weaker U.S. equities session, were down in morning session.

On Monday, European markets reached a 16-month high but failed to hold on to the gains as risk aversion returned while U.S. equities  closed in the red after U.S. President Donald Trump signaled a potential tense meeting between him and his Chinese counterpart Xi Jiping later this week.

Gold futures prices rose nearly 0.4 percent to trade at $1258.70 per ounce, benefitting from its status as a safe haven asset.

Trade suggestion

Buy Stop at 1256.00, Take profit 1260.00, Stop loss at 1254.00


Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

Leave a Reply

Your email address will not be published. Required fields are marked *