• MTS Gold Evening News 20180410

    10 Apr 2018 | Gold News

• Gold prices ticked up in early Asian trade on Tuesday as the dollar and Asian stocks slipped, while concerns about the prospect of an escalation in the China-U.S. trade spat and reports of a poison gas attack in Syria offered support as well.

Spot gold rose for a third straight session and was 0.1 percent higher at $1,337.11 an ounce as of 0045 GMT. U.S. gold futures were steady at $1,340.60 an ounce.

• China stepped up its attacks on the Trump administration on Monday over billions of dollars worth of threatened tariffs, but U.S. President Donald Trump again voiced optimism the two sides would hammer out a trade deal.

• Investors will look for further signs of China's stance on trade relations when Chinese President Xi Jinping speaks at the Boao Forum economic conference on Tuesday.

• Trump on Monday promised quick, forceful action in response to a deadly suspected chemical weapons attack in Syria, appearing to suggest a potential military response.

• The United States plans to call for a U.N. Security Council vote on Tuesday on a proposal for a new inquiry into responsibility for use of chemical weapons in Syria after reports of a poison gas attack on a rebel-held town, diplomats said.

• Russia's rouble suffered its biggest daily fall in over three years on Monday and stocks in major Russian companies also slid, as investors reacted to a new round of U.S. sanctions targeting some of Russia's biggest tycoons.

• India's gold imports in March halved from a year ago to 52.5 tonnes as a rally in local prices to 16-month high slashed demand in the world's second-biggest consumer of bullion, provisional data from precious metals consultancy GFMS and bank dealers showed.

• Turkey raised its gold holdings by 4.5 tonnes to 595.477 tonnes in March, International Monetary Fund data showed on Monday.

• The CFTC’s disaggregated Commitments of Traders report for the week ending April 3, showed money managers reduced their speculative gross long positions in Comex gold futures by 27,490 contracts to 155,590. At the same time, short bets rose by 8,031 contracts to 28,948. Gold’s net length currently stands at 126,642 contracts.

• The disaggregated report showed money-managed speculative gross long positions in Comex silver futures rose by 1,506 contracts to 33,494. At the same time, short positions increased by 7,580 contracts to 73,832. Silver’s net-short positioning now stands at 40,338 contracts.


Reference: Reuters,Kitco

Related
MTS Gold Co., Ltd.
40,42,44, Sapsin Road, Wang Burapha Phirom Sub-district, Pranakorn District, Bangkok, 10200
Tel. 0 2770 7777 Fax. 0 2623 9366 E-mail: support@mtsgoldgroup.com