International Trade Management Center: New agreement on US Mexico trade triggers big market trend Gold price breakthrough1210It is expected to continue to rebound

International Trade Management Center message Monday（8month27Japan, US and Mexico reach new agreement to replaceNAFTACausing a cooling of safe haven demand and the loss of the US dollar95Da Guan,goldUpper rupture1210The checkpoint is at its highest level in two weeks. Today, Canada will joinNAFTAIn negotiations, the new US Mexico agreement may force Canada to make compromises.

Tuesday(8month28day)Spot gold opening report1211.6dollar/Ounces, highest probe up to1212.5dollar/Ounces, lowest touch1209.44dollar/ounce. Currently, the Golden Report1209.46dollar/Ounces, decline0.16%。

Trump announces that the United States and Mexico will sign a new agreementNAFTAagreement

Monday(8month27day)US President Trump announced that the United States and Mexico will sign a new trade agreement to replace the existing North American Free Trade Agreement(NAFTA)Ending existing trade agreements and implementing the latest trade agreement with Mexico is a good agreement for both the United States and Mexico. At the same time, we call on Canada to quickly join the new US Mexico agreement, otherwise it will face the risk of being ignored.

Mexican Minister of EconomyGuajardoIndicating that under the North American Free Trade Agreement(NAFTA)The most challenging issue towards the end of the talks isNAFTASection20Discussion on Chapter, Sunset Clause, and Automotive Issues;I will continue to stay in Washington and negotiate with Canada with the goal of reaching a trilateral agreementNAFTAAgreement, reachedNAFTAThe agreement does not mean that the United States will cancel steel and aluminum tariffs.

The US dollar index fell below95Key point, gold price breaks through1210USD barrier

After the news of the US Mexico trade agreement came, the Canadian dollar and Mexican peso rose sharply in the short term,ICEThe US dollar index has broken through95Pass, and briefly touched8month2Recently, it has reached a new low94.68Gold rose on Monday, reaching its highest point1212.38dollar/Ounces, creating8month13A new high has been reached recently.

The Mexican peso has risen more than against the US dollar1.5%Reached a new intraday high. dollar/The Canadian dollar fell on Monday0.5%to1.2964After preliminary reports on trade negotiations between the United States and Mexico, the exchange rate fell as high as0.6%The market anticipates that Canada may agree to reach trade agreements with other two countries.

RJO FuturesSenior Marketing StrategistPhil StreibleThe US dollar index fell below key support levels, which drove gold and other commodities higher

foreign exchangewebsiteFX ChartsanalystJim LanglandsOn Tuesday, the article stated that the US dollar fell again and the trend still looks heavy. Precious metals such as gold are also rising, and it seems that they may continue to rise at least in the short term.