Gold heads south on soaring greenback
On Friday, demand for gold slumped in the face of the growth of the evergreen buck…
Gold ascends in Asia on French surveys
On Monday, gold added in Asia after centrist Emmanuel Macron managed to meet opinion survey hopes, supplanting anti-EU far-right candidate Marine Le Pen and traders looked ahead to China trade data.
June delivery gold futures inched up 0.58$, trading at $1,234.00 per troy ounce. Last copper futures were quoted up 0.04%, showing $2.538 a pound amid worries over dipping demand from China.
Market participants will also be looking ahead to Friday’s American data on inflation as well as retail sales in order to estimate if the American economy is sturdy enough to ensure another rate lift already next month.
The previous week, gold retraced revenues on Friday after data demonstrating a confident rebound in American jobs surge the previous month underlined hopes for a June rate lift by the Federal Reserve.
The number one precious metal concluded the trading week down 3.26%, showing the largest week descend since early November.
Similar
Gold slumps, approaching a year’s minimum
On Thursday, gold dived, getting back to a minimum since December in the face of the diving American currency as well as the yield of US government bonds…
Gold inches up to a two-week maximum
On Thursday, gold tacked on to a maximum of two weeks after the evergreen buck retreated from its peak in four and a half months…
Popular
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…
Crude holds revenues on API estimates
On Wednesday, crude held revenues in Asia because industry estimates revealed a much sharper draw in American crude inventories expected, although higher than seen gasoline stocks affected market sentiment…
Deposit with your local payment systems
