Gold is growing against the increased risks backdrop ahead of the discussion around resumption of the tax reform. The metal has risen in price by 0.5% to $ 1.293 and looks like seriously aiming the $1,300 mark.
Is the fall of the Chinese stock market temporary?
China’s blue chip index, the Shanghai Composite, fell 0.39% on Friday, while Japanese Hang Seng rose 0.28%. the Chinese index lost 3%, recording the largest decline since the market collapse in January 2016.
The spokesman for the Chicago Federal Reserve Bank, Charles Evans, said on Wednesday that he was concerned about the drop in inflation expectations in the US and urged the regulator to respond by raising the inflation bar in the economic forecasts.