The news of the US-UK trade protocol reverses the rise in gold.

GoldenOctober2024
TRUMP1,04%

Jin10 reported on May 8 that spot gold reversed its trend on Thursday, following reports that U.S. President Trump may sign a trade agreement with the UK, putting pressure on the market, while investors are waiting for the results of the U.S.-China trade negotiations this weekend. “In terms of trade agreements, any easing of trade wars and reduction of uncertainty will be detrimental to gold. If the U.S. announces a trade agreement with the UK, it will have a positive impact on the global economy,” said Jigar Trivedi, Senior Commodity Analyst at Reliance Securities.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments