Gold opens with a big drop, pierces $1,400
A big drop for the gold price to open the new month.
Risk is in favour, with stocks up, AUD up, yen down.
Gold has dropped as the market reopens for the new week.
The trade truce deal the trigger for all this:
- Trump - Xi meeting: US agreed to no new tariffs on China goods
- Trump relents on tariffs, Huawei as US-China trade talks set for a revival
- USD/JPY higher after weekend news - but expect the gap to fill by the end of Monday
Reprinted from Forexlive，the copyright all reserved by the original author.
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