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Gold prices[1] rose and oil fell as Trump ordered the consideration of more Chinese tariffs Ahead, the yellow metal and crude could decline on Friday’s US jobs report if USD[2] rises Gold faces support at 1,323.65 while crude oil still faces the August 2017 rising trend line Find out what retail traders’ gold buy and sell decisions[3] say about the coming price trend! Gold prices came under pressure on Thursday as the US Dollar[4] rose amidst a pickup in sentiment as trade war fears ebbed[5]. Meanwhile, crude oil prices rose despite greenback’s strength. The main catalyst for oil’s climb was when Saudi Arabia unexpectedly increased the price of its Arab Light crude in Asia. Soon though, Thursday’s performance quickly reversed course. Just as Friday’s session got started, US President Donald Trump ordered the consideration of $100 billion of additional tariffs on Chinese products[6]. Sentiment immediately soured and oil prices fell while gold rose. Keep a close eye for further developments on this front and how US stocks react at market open. Looking ahead, the anti-fiat yellow metal and oil also face March’s US jobs report. The country is expected to add fewer workers and the unemployment rate is expected to fall to 4.0%. Meanwhile, average hourly earnings are expected to rise. Data out of this country has been improving relative to economists’ expectations as of late. If an upside surprise boosts the greenback, gold and oil could fall. In addition, crude oil faces Friday’s Baker Hughes rig count. The amount of

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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