Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

Gold rallies notwithstanding progress in US-China trade talks

Gold rallies notwithstanding progress in US-China trade talks

Information is not investment advice

On Monday, the yellow metal surged in Asia notwithstanding a firmer-than-anticipated American job data, which revealed that employment soared from a 17-month minimum.

On the Comex exchange, gold futures managed to tack on by up to 0.4% ending up with $1,300.55 an ounce.

The yellow metal started April lower right after China’s Caixin index informed that the Chinese manufacturing sector was reviving from a steep deceleration.

In addition to this, reports that China and America have tackled most of the issues in their everlasting trade clash raised Asian stocks. The yellow metal, normally moving in directions opposite to risky assets, went up too notwithstanding the news.

The two trading partners were reportedly still arguing over how to enforce and implement a trade deal. China’s official broadcast CCTV informed that there was fresh progress in trade negotiations, which concluded last Friday in Washington, while Larry Kudlow, Trump’s top economic adviser told that the two sides are much closer to a trade deal.

As for other news, although not a directional driver, on Monday, Bloomberg informed that China managed to have its gold reserves expanded for the fourth month in a row.

Referring to data uncovered on the People’s Bank of China’s web resource, the article told that in March, China’s major financial institution ramped up reserves to 60.62 million ounces from 60.26 million in February.

By the way, China appears to be both the world’s number one gold consumer and producer.

Gauging the evergreen buck’s purchasing potential versus a group of other currencies the USD index slumped by 0.1% hitting 96.860.

The currency pair USD/JPY slumped by 0.3% reaching 111.39.

Additionally, AUD/USD dived by 0.1% being worth 0.7093.


WTI oil: too much for bulls?

Oil plunged several percent on Thursday. They say, the bullish rally was just too aggressive. Let's trade the dip then!


Choose your payment system

Learn more


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later