Online Forex broker
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.
On Wednesday, gold managed to leap reaching the best levels of the trading session because data disclosed that American consumer price surge speeded down in November…
On Friday, gold headed south…
On Tuesday, the yellow metal managed to surge in Asia…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
