Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By MTECHTIPS
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

MTECHTIPS:-Gold Rises on Hopes of Patient Fed as Trade Talks Intensify

Wednesday, February 13, 2019 3:20

% of readers think this story is Fact. Add your two cents.

MTECHTIPS:-Gold Rises on Hopes of Patient Fed as Trade Talks Intensify

MTECHTIPS-GOLD As the U.S. and China work toward a trade deal, gold bugs are turning their attention back toward the Federal Reserve’s promise to be patient with rate hikes. The spot price and futures of bullion rose on Tuesday for only the second time in eight sessions after Fed Chairman Jerome Powell said in a speech in Mississippi that many rural areas have not benefited from U.S. national prosperity. While Powell said he didn’t foresee an economic downturn, with unemployment near at a half-century low and economic output rising at a “solid pace,” he said rural areas needed special support, such as access to affordable credit to start small businesses and high-quality education to train workers. It was yet another sign that the Fed was in no hurry to tighten rates. The spot gold contract, reflective of trades in physical bullion, rose $2.80, or 0.2%, at $1,310.97 per ounce by 1:46 PM ET (20:46 GMT). In futures trading, gold’s benchmark April contract on the Comex division of the New York Mercantile Exchange settled up $2.10, or 0.2%, at $1,314 per ounce. Gold’s gains were capped by a surge in equity markets as U.S. Treasury Secretary Steven Capuchin and Trade Representative Robert Highlighter arrived in Beijing for talks aimed at reaching a bilateral deal before a March 1 deadline that could bring additional tariffs on $200 billion of Chinese goods. Stocks on Wall Street, a contrarian trade to gold, also rose on a tentative deal reached by American lawmakers to avoid another partial government shutdown. It was unclear, however, if President Donald Trump would accept that deal as Congressional aides said it did not contain the $5.7 billion he wants for a border wall

MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips

WWW.MTECHTIPS.COM

07489294118-119

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,599,863,445
Stories:	8,140,475