Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
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Over 30 Years Experience
Park Avenue has over 30 years
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Rare Coin and Precious Metals.
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Gold edges up after Trump's impeachment, as traders await details on China-U.S. trade pact
MARKETWATCH---"Gold prices climb on Thursday in the wake of President Donald Trump's impeachment by the U.S. House of Representatives, but price moves are modest as benchmark bond yields push higher amid an easing of U.S.-China trade tensions. 'The gold market has lacked definitive direction this week as safe haven issues have been moderated at the same time that some signs of demand have surfaced, thereby limiting the market in both directions,' analysts at Zaner Metals wrote in daily note. 'Certainly, the potential for flight to quality buying from the U.S. impeachment remains in play'....Some gold bulls say that bullion's price has been kept afloat due to some lingering anxieties around a trade deal between Beijing and Washington which has been announced but hasn't been signed by the parties yet...'There's a sense of nervousness and impatience among investors as until the agreement has been signed and sealed, the risk that the deal could still fall through will persist,' wrote Raffi Boyadjian, senior investment analyst at brokerage XM."
