Gold ascends due to diving US dollar
On Thursday, the leading precious commodity managed to leap against in the face of the depreciation of the evergreen buck…
Gold ascends as greenback tumbles to 8-month minimums
On Thursday, gold ascended in European trade because the greenback extended its recent dip to the lowest value since October, spurring the appeal of the primary precious metal.
Gold futures reached at $1,252.69 a troy ounce in New York, adding 0.3%. On Wednesday, gold concluded higher, notching its fifth revenue for six sessions.
Additionally, silver futures tacked on approximately 0.7%, being worth $16.84 a troy ounce.
The US dollar fluctuated close to one-year lows versus the common currency and tumbled against the British pound because market participants priced in tighter monetary policy in the EU, reacting to hawkish comments made by major bank officials.
The British pound increased profits made after Bank of England Governor Mark Carney informed on Wednesday that Britain’s major financial institution would probably lift interest rates as the British economy approaches to operating at full capacity.
Similar
Gold moderately ascends, while keeping to this year’s low
On Tuesday, gold changed insignificantly, keeping close to the minimum of 2018, which was recorded at the last trading session…
Gold inches down to year’s minimum
On Monday, market participants were selling metals as well as other assets, which are traditionally referred to as "safe havens" due to the weakening fears of a trade conflict between the United States and China…
Popular
America will probe German and Japanese car makers over alleged patent violations
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
Gold edges down toward 3-week minimum after Congress hits spending deal
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
Crude edges down in Asia on Caixin PMI
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Deposit with your local payment systems
