Lukman Otunuga | Source | Research Analyst at ForexTime Limited
Lukman Otunuga
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With concerns over slowing global growth on the mind of many investors, Brexit drama, China slowdown fears and many other negative themes floating in the air, gold bulls are safe.
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While this welcome development is likely to push sterling higher in the near term, investors should remain diligent as it is likely too early for celebrations. We have had optimism before over Brexit progress, before later reversing back.
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FTSE 100 joins European benchmarks in sea of red; Burberry shares lose appeal
Footsie finished down nearly 92 points, or 1.27%, at 7,145.
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Gold pares gains, but notches second straight winning session
Gold prices finish higher for a second consecutive session Wednesday, but pare much of their earlier gains as traders track moves in the benchmark dollar index as well as the latest developments in the U.S.-China trade dispute and U.S. government efforts to avoid a partial shutdown.
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ForexTime Limited (https://www.forextime.com)
Research Analyst
started Jul 2015