Gold ascends moderately in Asia

Gold ascends moderately in Asia

On Friday, gold gained moderately in Asia, with market sentiment subdued following the Fed rate lift as well as wavering fortunes for the greenback with traders focused on whether the Trump Administration is capable of getting back on track with its tax reduction and also stimulus policies amid a tough political debate over Russian hypothetical interference in the 2016 election.

In New York, August delivery gold futures tacked on 0.04%, trading at $1,255.07 a troy ounce.

Overnight, gold decreased to three week minimums, suppressed by a firmer greenback because risk-on sentiment resumed amid positive American economic data as well as expectations of an extra rate lift later in 2017.

A bunch of better than expected economic reports tapered worries that the American economy was braced for a slowdown in the second quarter, thus stoking expectations of an extra rate lift, after the Fed maintained its outlook of three total rate lifts on Wednesday.

Similar

Latest news

Greenback edges down

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…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera