MTECHTIPS:-Gold Prices Gain Amid Hong Kong Political Unrest, Sino-U.S. Trade Worries

MTECHTIPS:-Gold Prices Gain Amid Hong Kong Political Unrest, Sino-U.S. Trade Worries MTECHTIPS-Gold prices gained on Tuesday in Asia amid continuing political unrest in Hong Kong and uncertainties surrounding the Sino-U.S. trade war. Gold futures were up 0.6% to $1,527.05 by 1:25 AM ET (05:25 GMT). Political unrest in Hong Kong which saw the city’s airport cancelled all flights on Monday and Sino-U.S. trade concerns sent Asian stocks lower today and provided support to the safe-haven gold. In a conference on Monday, Beijing said that the ongoing protests are at a “critical juncture” and the violence needs to stop, while also held a press conference on the same day, blaming police for using excessive force as they fired tear gas and bean bag pellets at close range. Traders also paid attention to news on the Sino-U.S. trade developments. On Tuesday, the People's Bank of China lowered its official yuan midpoint for the ninth straight day to 7.0326 per dollar. The yuan has become a focal point since last week when Beijing allowed the currency to fall below 7per dollar, prompting Washington to MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips WWW.MTECHTIPS.COM 07489294118
Published on Aug 13 2019 3:12PM, by MTECHTIPS in Commodity tips| Share This