Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
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Park Avenue has over 30 years
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Rare Coin and Precious Metals.
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Gold dips as U.S.-China trade woes support dollar
Rueters-- "Gold prices fell on Monday as uncertainties around the U.S.-China trade war drove some investors to the safety of the dollar, pressuring assets priced in the U.S. currency. Autocatalyst metal palladium however rallied to another record high, with expectations for a deficit this year helping it to breach the $1,700 an ounce level for the first time....The dollar index held near its highest in a week. 'In the short term, investors are sliding towards a dollar-denominated safe-haven appeal,' said AxiTrader market strategist Stephen Innes. European and Asian stock markets, including China's, were little changed on Monday, shrugging off news that the U.S. administration is considering delisting Chinese companies from U.S. stock exchanges....'Gold remains on the uptrend for the long term but in the short term, there is some confusion considering the contradicting headlines we are getting on the trade war,' Innes added."
