Online Forex broker
On Monday, gold surged solidly, as China GDP came in better than expected, while tensions on the Korean peninsula backed demand.
In New York, June delivery gold futures added 0.35%, being worth $1,293.00 a troy ounce. Silver futures rose 0.49%, reaching $18.600, while copper futures inched up 0.62%, trading at $2.583 a pound.
On Monday, China posted that the first quarter GDP soared 1.3% on the quarter compared to the same period of the previous year, ruining expectations for the year comparison. A survey of financial experts states that quarter-on-quarter grew 1.6% and year-on-year GDP rallied 6.8%. In addition to this, China also reported that in March industrial output grew 7.6%, compared to a 6.3% revenue observed and retail sales went up 10.9% against a 9.6% soar seen.
The previous week, gold prices ascended because market participants kept backing the precious metal amid geopolitical worries, while mostly positive economic data failed to suppress sentiment.
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.
|
