Gold "China time" sweeps away the downturn, surging back to $3,400, while the pound rises sharply in the short term
Boosted by favorable trade news, S&P 500 index futures rose by 0.5%, while U.S. Treasury prices fell. During the China trading session, spot gold surged nearly $50, returning above $3,400. Trump is expected to announce a trade agreement with the UK, causing the pound to rise 50 points against the dollar in the short term. The market carries risks, and investment should be approached with caution
Boosted by favorable trade news, S&P 500 index futures erased earlier losses, rising by 0.5%, while U.S. Treasury prices fell. During the China trading session, spot gold once again rose "on time," recovering most of yesterday's losses, surging nearly $50, and standing above $3,400 once more.
According to media reports, Trump is expected to announce a trade agreement with the UK on Thursday. The British pound rose sharply against the U.S. dollar, gaining 50 points intraday.
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