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Gold rises weakly in anticipation of details of the trade deal


December, 23 2019
watermark Economic news

The price of gold is growing slightly on Monday, market participants are waiting for further news from the front of the trade war. The cost of the February gold futures on Comex New York Stock Exchange reached $1.488.95. 


On Saturday, US President D. Trump confirmed that a trade agreement with China, which the parties have been negotiating for more than a year, will be signed soon. However, the details of the deal are not specified.


Market participants are concerned about the lack of additional information, as well as the fact that China has protested to the United States regarding the inclusion of items on supporting protesters in Hong Kong in the draft defense budget for 2020.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.