Gold leaps on diving greenback
On Thursday, gold managed to grow due to the depreciation of the evergreen buck as well as concerns about talks between the USA and North Korea…
Gold adds in Asia as US dollar index dives further
On Thursday, gold tacked on in Asia after an initial tiny revenue in the US dollar index was reversed and also favored purchasing of the dollar-denominated commodity with market participants still pondering over an evident switch in the American strong dollar policy by Steven Mnuchin, the US Treasury Secretary.
February delivery gold futures inched up 0.19% being worth $1,358.90 a troy ounce.
As for the US dollar index, it went down 0.06% rolling out a reading of 88.97.
On Thursday, in Davos Mnuchin will have an opportunity to give out a plausible clarification on a change from a long-standing firm dollar policy to a fresh approach.
Overnight, gold added abruptly underpinned by a tumble in the evergreen buck, while soaring fears of a US-China trade conflict powered a moderate leap in safe-haven demand.
The US currency was heavily pressured diving almost 1%, spurring demand for gold, right after Treasury Secretary Steven Mnuchin indicated his endorsement of a low greenback.
Similar
Gold tacks on geopolitical risks
On Wednesday, gold prices rallied…
Gold inches down against the backdrop of soaring futures on the American stock market
On Monday, gold headed south against the backdrop of strengthening futures on the American stock markets as well as a soaring greenback, which led to a decrease in demand for the number one precious commodity…
Popular
Common currency gives up revenues as Macron wins French election
On Monday, the euro drifted away from peaks reached in the Asian session because market participants took profits from its revenues after centrist Emmanuel Macron's win over the far-right Marine Le Pen in France's presidential election…
Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
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…
Deposit with your local payment systems
