The U.S.-China trade negotiations have hit a standstill, with officials anticipating that a breakthrough may require direct intervention from Presidents Donald Trump and Xi Jinping.
Gold extended its steep intraday losses on Monday, plummeting to a fresh one-week low below the $3,250 mark following news of progress in U.S.–China trade talks.
Beijing is putting pressure on Washington to revoke unilateral tariffs as the United States and China prepare for critical trade negotiations this weekend.
Bitcoin climbed above $97,000 on Wednesday before settling back to $96,000, as markets reacted to China’s liquidity injection and speculation over potential U.S. Federal Reserve monetary policy shifts.
Gold has surpassed the $3,300 mark, driven by a weak dollar and the looming US-China trade war, which are attracting more investors and extending its year-to-date gain to over 26%.
The Nigerian Economic Summit Group (NESG) has raised concerns over the ongoing trade war between the United States and China, warning that Nigeria must take proactive measures to mitigate its impact.
U.S. President Donald Trump is expected to speak with Chinese President Xi Jinping this week.
Okonjo-Iweala and the remaining 4 other candidates hope to succeed the current DG, Mr Roberto Azevêdo.
Mrs Iweala revealed how she hopes to resolve the rift between the United States of America and China.
The United States is facing a national crisis with the most significant number of coronavirus cases globally, the worst unemployment levels seen in decades, and massive crowd protests from state to state by their citizens.
In times of economic uncertainty, gold is touted as a safe haven for those who are wary of volatile investments such as stocks, as it is less risky.
What have been the major events in the economy that affected Nigeria? How are these events going to shape the 2020 outlook for the Nigerian economy?
