Online Forex broker
On Thursday, gold grew in European trade, approaching a one-week peak, reacting to Fed Chair Janet Yellen's congressional testimony to gradually lift interest rates.
In New York, gold futures hit $1,222.49 a troy, rising approximately 0.3%.
On Wednesday, prices tallied a third-straight profit after Yellen sounded quite cautious on inflation. She also stressed that the Fed wouldn’t require lifting rates for the purpose of reaching current low estimates of the neutral funds rate.
Yellen added that the American economy is healthy enough for the major US bank to start winding down its huge $4.5 trillion balance sheet at some point in 2017.
Experts considered the speech to be mostly dovish.
The US dollar index slumped nearly 0.3%, showing 95.31 in early trade, which is not far from the nine-month minimum of 95.22 achieved in late June.
Profits of the benchmark 10-year American Treasury declined to 2.32%, off peaks near 2.39% hit the previous week.
On Monday, gold surged nearly 1% hitting the highest value for three months because a combination of fears over soaring American yields as well as the impact of trade clash, along with geopolitical risks and also a weaker greenback, backed demand for the…
On Thursday, gold jumped over 1%, thus getting back to the psychologically crucial mark of $1,200 because a rout in global stock markets underpinned worries over soaring bond gains, speeding down global growth, not to mention trade clashes…
On Wednesday, gold slumped because elevated bond gains kept to their steepest values since 2011 and the USD index stood still sticking with its seven-week maximum…
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.
|
