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Gold Prices hit the Six-year high above the Key $1500 Level in the US

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Gold prices have been taking a jump in the US trading market and recently it crossed $1500 level to reach the six-year high figure. Along with the gold, the silver prices also hit a 13-month high of $17.01 on the basis of December Comex futures. The demand for the two precious metals is increasing across the world. Due to this, December gold futures were last up $23.50 an ounce at 1,507.70 and September Comex silver saw a jump of $0.52 at $16.965 an ounce.

The US-China trade war is the major factor responsible for the present situation of the marketplace. China’s central bank has set its currency, the yuan, exchange rate with the US dollar at 7.0211, which is just below the psychological 7 barrier. This is the lowest fixing set by the Chinese central bank in the last 11 years. This had led to Donald Trump labelling China a “currency manipulator”. The world marketplace will play a crucial role in determining the exchange rate because China has been accused of using its currency as a trade weapon which is why the US also accused China of using its currency for manipulating things in the market.

Michael from Melbourne Gold Company reported that many people sell gold bullion by noticing a sharp increase in the prices of gold and silver. These people have had their gold investments for many years and sell seeing gold prices hit record high’s. This helps them to profit from the market. However, the selling just gets absorbed as the gold bulls have the strong near-term technical advantages and psychical buying is still very strong even at record high gold prices. September silver futures bulls also have the solid overall near-term technical advantage. And the US dollar index is currently trading at a lower level in the early US trading. The US economic data also includes the weekly MBA mortgage applications survey, consumer credit, and the weekly DOE liquid energy stocks report.

A multi-lingual talent head, Jimmy is fluent in languages such as Spanish, Russian, Italian, and many more. He has a special curiosity for the events and stories revolving in and around US and caters an uncompromising form of journalistic standard for the audiences.

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More People in Phoenix are Looking for Arizona Garage Door Guru Services Online

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A lot of people in Phoenix have been consulting home garage door guru services for the repair work of garage doors. The availability of online services for the repairing of home garage doors has made it possible for people to avail of such services in an easy manner. The Phoenix-based garage door repair service, Arizona Garage Door Guru has been getting a lot of demand for its long list of garage door repair services.

In order to ensure the protection and security of vehicles, people in Phoenix have been consulting garage door services. With the passage of time, various components of the garage door get damaged and hence it stops operating in the right way. Arizona Garage Door Guru provides expert service for solving issues such as broken transmitters, misaligned photo eyes, misaligned track, door obstruction, and broken springs. In addition to this, the firm also offers services for issues such as mis-set limit settings, disconnect switch being accidentally enabled, manual locks, broken tension springs, and broken cables. The company is providing an excellent service to people and getting positive reviews which one can see by clicking here.

Experts at Arizona Garage Door Guru have experience working for a long period of time which helps this firm to provide an unrivaled service in the entire valley. The garage door repair service also provides a free new garage door replacement estimate. With over 20 years of experience in the garage door repair industry, the technicians in the local company have been providing excellent service in a friendly and courteous manner.

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