Trade war: US and China agree tentative truce before G20 summit

I've confirmed this story because I didn't believe it at first. Reuters is also reporting. I would have expected gold to come down on this news. Until I gave it some thought and had to remind myself, the market is always right.

There was no reaction to this news because it doesn't mean much. What was the alternative? Escalate tensions prior to their meeting?

I remember when trump decided tarrif gold took two weeks to goes up and now the same its not so easy or everyone can make easy profit they will take prices down suddenly at the open of the market after weekend

I think gold will go up till friday to confuse traders and it will open at very wild gap down on monday

I agree that there will be volatility. If what you're saying occurs, that means Trump-Xi talks at the G20 went well and gold will drop on that news. I'm not sure what to expect from the G20. It's probably a good idea to go into the weekend flat. Good luck!

So...no trade deal, just "hopes of a trade deal in the future."

Market is celebrating this "truce", but will truce cause the global economy to start growing again? Probably not - businesses refrain from making capital investments when there is extreme uncertainty, and this "truce" does nothing to remove that uncertainty in my opinion. The global supply chains are still going to be a mess of uncertainty after this meeting.

Add in the fact that we are always "one tweet away from chaos" with our current president, and nothing here suggests to me that the G-20 meeting will lead to a result that alleviates business concerns - and make no mistake, if you read the latest Dallas Fed survey, businesses are extremely concerned right now about the future.

In summary, a truce is certainly better than an escalation, but will likely do very little to restore business confidence. I expect the gears of global trade to continue to grind slower over coming months.

Lot globally being hyped and put at stake in this Xi-Trump meeting..
A highly delicate, market sensitive complex negotiation turned into a Celebrity Game Show... with biggest danger to global market stability and sentiment to be Mr Trumps 2am Twitters?
How sad and dangerous is that to investors? traders? global stability?
HTF did we get to this dependence on Cult-of-Personality - CGS sentiment manipulation?
Gold-Oil-DXY-equities volatility all at risk this weekend.

BREAKING from WSJ: "China's Xi Jinping to present President Trump with a set of terms for settling the trade fight, including lifting the ban on U.S. sales to Huawei"

https://www.wsj.com/articles/china-s...28961?mod=e2tw

CHINA, Wants to keep stealing from the US. That's the reason why theres stalemate.

This person called "president" is so worried about China and just paying attention to his delusional things and he is totally forgetting about the country.
https://www.zerohedge.com/news/2019-...rd-world-state

This is clear to me that he , his administration and a bunch of white heads that support him don't give a shit about the americans. That way America WILL NEVER BE GREAT AGAIN.