China’s foreign ministry meanwhile said it wasn’t aware of any such calls and that a U.S.-China decoupling will lead to market chaos, according to wire reports
Chart Of The Day: Gold’s Ride Up To Continue, No Matter The Trade Outcome
By Pinchas Cohe (Aug 26, 2019 09:28AM ET)
Gold may have dropped today, after Trump said China wants to resume trade talks. Since technicals are signaling that the yellow metal is headed higher, we believe this as a rare buying opportunity, irrespective of what the Fed decides or what happens with trade.
Let’s dispense with the obvious first: another presidential tweet could turn the current market on its head. Equities could once again be sold off and safe haven assets boosted.
fyi
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