12 February, 2019
Gold prices rose 0.25% on Tuesday to test a session low of 1311.29. Gold dropped on Monday as investors awaited news of progress in trade talks between Washington and Beijing, while the dollar's strength continued to make the metal more expensive for non-dollar-based investors. The dollar extended Monday’s gains, as concerns about a trade deal with China and an economic slowdown in Europe sent investors into the safe-haven currency. China struck an upbeat note on Monday as trade talks resumed with the United States, but also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties. Later this afternoon, US JOLTs Job Openings for December will be released. Also this afternoon, Fed Chair Jerome Powell will speak on “Economic Development in High Poverty Rural Communities” at the Hope Enterprise Corporation Rural Policy Forum.