US Dollar index (DXY) was down 0.16% to 96.137, contribute to current XAU/USD still in green at around 1,283.00
This little hike in Yellow Metal is also the result of traders wait for the outcome of Sino - US trade talks scheduled 29th January.
Wilbur Ross, U.S. Secretary of Commerce in an interview with CNBC that two powers remain 'miles and miles' apart on trade. He also acknowledged there is a 'fair chance' of a trade deal. 'Trade is very complicated. There are lots and lots of issues' Ross said.
Lawrence Kudlow, White House Economic Adviser, admits President Trump is optimistic about trade talks. Also Kudlow expected the January jobs report would be up a significant amount.
If January jobs report post a positive report, it may affect US Dollar index to go up again and GOLD will go down to 1,250.
This little hike in Yellow Metal is also the result of traders wait for the outcome of Sino - US trade talks scheduled 29th January.
Wilbur Ross, U.S. Secretary of Commerce in an interview with CNBC that two powers remain 'miles and miles' apart on trade. He also acknowledged there is a 'fair chance' of a trade deal. 'Trade is very complicated. There are lots and lots of issues' Ross said.
Lawrence Kudlow, White House Economic Adviser, admits President Trump is optimistic about trade talks. Also Kudlow expected the January jobs report would be up a significant amount.
If January jobs report post a positive report, it may affect US Dollar index to go up again and GOLD will go down to 1,250.
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| XAUUSD 25th January 2019 |
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