Daily Archives: February 25, 2019

25Feb

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

 

INTERNATIONAL COMEX NEWS

  • This week gold prices are likely to remain sensitive due to the ongoing trade talks between the U.S. and China, while U.S. economic data will also be closely watched for its impact on the greenback, one of the biggest drivers for the precious metal. On Friday U.S. President Donald Trump said he was open to extending the March 1 deadline for hiking tariffs on $200 billion worth of Chinese goods to 25% as long as progress was being made in negotiations between the two sides
  • Chinese officials are jamming up imports of Australian coal, with at least one major port suspending customs clearance, but Beijing has denied a report of an official ban. The foreign ministry on Friday said the report of a block on Australian coal at one northern port was false, echoing information from miners, Canberra lawmakers and people familiar with official orders in China.
  • Oil prices rose on Monday as Washington and China appeared to edge closer to a trade deal, dampening fears over the outlook for global economic growth. International Brent crude oil futures were at $67.26 a barrel at 0005 GMT, up 14 cents, or 0.2 percent, from their last close. They ended Friday little changed after touching their highest since Nov. 16 at $67.73 a barrel. U.S. West Texas Intermediate (WTI) crude futures were at $57.38 per barrel, up 11 cents, or 0.2 percent, from their last settlement.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The Bank of Japan can abandon its 2 percent inflation target or suspend efforts to achieve it once the job market is tight enough because the public is better off having prices fall, not rise, an economic adviser to Prime Minister Shinzo Abe said. While inflation is stuck near 1 percent, the BOJ’s ultra-loose monetary policy is going well as it created jobs and boosted wages for temporary workers, said Koichi Hamada, who is considered as among the key architects of the premier’s “Abenomics” stimulus policies.
  •  President Donald Trump said on Sunday he would delay an increase in U.S. tariffs on Chinese goods thanks to “productive” trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued. Trump had planned to raise tariffs to 25 percent from 10 percent on $200 billion worth of Chinese imports into the United States if a deal between the world’s two largest economies were not reached by Friday.
  • Democratic state governors say their party needs to challenge President Donald Trump’s record on the economy as he seeks re-election next year, by focusing on middle-class Americans who have not seen the benefits of economic growth. Trump believes he has a winning hand with the economy and frequently touts a low unemployment rate, strong growth and stock market gains since his 2016 election victory.

COMEX GOLD SIGNAL

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