FX.co ★ China has imposed sanctions against the United States

China has imposed sanctions on the United States after the adoption of the law on Hong Kong. These sanctions are imposed against several non-governmental organizations in America and was officially announced in the Ministry of Foreign Affairs of China.

In addition, China considers the adoption of the Hong Kong law to be an interference in China's internal affairs. It can be recalled that a few days ago, Trump issued a law on democracy and human rights in Hong Kong, where, it can be remembered that many Americans live.

As a result, the markets have so far reacted poorly to this event, but we believe that this fact will not accelerate the American-Chinese negotiations on trade duties. The next answer will be up to the States.

On the contrary, gold reacted most strongly to this event, having absorbed almost all the growth last Friday. The plan, in turn, to lower the value of the asset is maintained.

Good luck in trading and see you at the evening analyzation!