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Business / Finance

Gold gained on weaker dollar

The RSS feed "News line of Forex" 08.03.2019 at 10:34

All the news about the international currency market Forex

Gold Prices on Friday recovered as concerns about slowing global growth again began to dominate the news headlines. R>

spot gold rose 0.7 percent to 1 294,54 dollars per ounce, while gold futures in the U.S. rose in price by 0.65 percent to 1 294,75 dollars per ounce. R>

the World economy appears to be moving into severe recession after China reported trade data worse than expected in February amid a trade dispute with the United States. p>

China's Exports fell by 20.7 percent in February compared with a year earlier, reflecting weaker demand and distortion of the new year holiday according to the lunar calendar. p>

This is far below expectations for decline of 4.8%. Imports declined by 5.2 percent after falling 1.5 percent in January. P>

on Thursday, the European Central Bank cut its forecast for Eurozone growth to 2019 and increased its stimulus program, citing the broader macroeconomic problems. p>

Earlier this week, the OECD once again lowered its forecast for the global economy in 2019 and 2020, deepening the decline after it forecast in November. p>

Stocks as a whole declined, and the dollar in the European session is trading slightly weak in a way that contributes to the growth of demand for the metal asylum. p>