On Thursday, gold extended a mild revival in the face of mixed American data as well as a stock market stabilizing near record maximums…
Crude drops on failed North Korean missile test
On Monday, crude sagged in quiet trading after the three-day Easter break, following signs that the United States keeps adding output, thus undermining OPEC efforts to back prices, and as the financial markets reacted to North Korea's failed missile launch on Sunday.
Benchmark Brent crude futures slumped 49 cents, being worth $55.40.
American West Texas Intermediate crude futures declined 47 cents, hitting $52.71 a barrel. On Thursday, they rallied 7 cents, being worth $53.18.
The previous week both benchmarks soared for a third consecutive week, with Brent inching up 1.2% for the four days before the Good Friday holiday and WTI gaining 1.8%.
This week the financial market was subdued to start with key trading center London unavailable for a holiday. Financial markets keep digesting geopolitical tensions over North Korea, after its recent attempted launch of a ballistic missile. The projectile exploded nearly immediately.
Bulls could not hold yesterday's gains for USD/JPY.
On Wednesday, the yellow metal surged because a leap in shares, which took two of the three key American stock indexes to record peaks, cooled…
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Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…