White House’s willingness to support the U.S. stock market by any means increases the risk of XAU/USD correction
Cautious optimism. That is how investors’ sentiment could be described after the visit of China’s officials to Washington. Yes, many issues come undone. Yes, the trade truce used ended unexpectedly. Yes, the sides are still far from a real deal. But the fact is that the trade conflict hasn’t become worse. The opponents are moving towards a compromise. This increases global risk appetite and puts pressure on safe-haven assets. Gold is no exception.
It would seem that the gold futures surge to...
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