Commodity Commodity Broker 

Gold Up Over Rising COVID-19 Cases and U.S.-China Tensions

By Administrator_India Capital Sands   Gold was up on Friday morning in Asia, amid a rising number of COViD-19 cases in China and the U.S. as well as rising U.S.-China tensions. Beijing reported 25 new COVID-19 cases on Thursday, with the number of cases linked to an outbreak in the Xinfadi market now standing at almost 200. Some U.S. states also reported a spike in cases. Meanwhile, U.S. President Trump also warned on Thursday that cutting ties with China remained a possibility a day after Secretary of State Mike Pompeo…

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Commodity Covid-19 

Gold Down Over Record Jump in U.S. Retail Sales Data and Potential COVID-19 Cure

By Administrator_India Capital Sands   Gold was down on Wednesday morning in Asia, with the yellow metal stemmed by positive U.S. retail sales data and mounting COVID-19 and geopolitical fears. Gold futures fell by 0.13% at $1,734.20. Stocks, which usually move in the opposite direction to gold, were mostly down on Wednesday. The U.S.’ announcement of a record increase in May retail sales on Tuesday led to an investor retreat from gold as hopes of a quick recovery from the economic impact of COVID-19 increased risk appetite and the dollar rose. Meanwhile,…

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