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"Financial Times" said the British government has abandoned a trade agreement with the United States, The price of gold is approaching the $1,900 mark!

"Financial Times" said the British government has abandoned a trade agreement with the United States
While the US Secretary of State Pompeo visited the UK this week, Pompeo said he hopes to sign a US-UK trade agreement with the UK this year. However, the British "Financial Times" poured cold water, saying that the British government had given up hope of reaching a trade agreement with the United States before the US election. This analysis also has some truth. It is now close to the end of July, about three months before the US general election. During this period, I believe Trump has no time to deal with trade issues with Britain. It is also unknown whether the US government will continue to be presided over by Trump after the election. Therefore, it is almost impossible for Britain to reach a trade agreement with the United States before the end of this year.

The price of gold is approaching the $1,900 mark!
On Wednesday, due to the spread of the epidemic and rising international concerns, gold continued to rise, and continued to hit a 9-year high on Thursday morning, further approaching the $1,900 mark. At the same time, the market is betting that the expectation of a further decline in the dollar is heating up, and the data shows that the number of unemployed persons in the United States is showing signs of picking up again, which all support the rise of gold prices. In the short term, we need to continue to pay attention to the progress of the US stimulus bill. The current market expectation is that the unemployment assistance is unlikely to be passed before the expiration of the unemployment assistance. Therefore, the two parties in the United States will reach a consensus on extending the unemployment assistance and regarding consumer spending in the future. Will have a direct impact.

 




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