
During the recent days, silver made a spectacular rise to $30. Not only gold shines, it seems! It's all still an echo of Reddit, though...
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold.
On the Comex exchange, April delivery gold futures went up by 0.41% concluding the trading session at $1,296.35 a troy ounce.
Many experts are assured that Theresa May will fail to achieve the votes required to underpin her withdrawal pact.
If UK lawmakers reject May's agreement, she has pledged a vote on Wednesday on whether to depart from the EU without a deal and, if they vote down it, then there will be a vote for a limited delay to Brexit.
On Tuesday, the uncertainty stimulated demand for the yellow metal even as volatility reigned in the Forex market.
As markets closely watch developments, traders will wait for American inflation data expected to show up at 8:30 AM ET.
Market experts actually expect American consumer prices to match February’s surge, underlining the case for the US major financial institution to stick with its current wait-and-see stance.
Financial markets were still skeptical that the Federal Reserve could proceed with its rate lift in 2019, especially after the employment report revealed poor job creation in February. By the way, Fed fund futures exclude such a move and place the likelihood at above 10% that the next move would be a cut.
Apparently, the pause in policy tightening is beneficial for the yellow metal because it decreases the opportunity cost of holding non-yielding bullion.
In addition to this, silver futures managed to rally by about 0.97% hitting $15.4223 a troy ounce.
Palladium surged by 1.28% showing $1,500.90.
As for copper, this metal inched up by up to 1.10% ending up with $2.933 a pound.
During the recent days, silver made a spectacular rise to $30. Not only gold shines, it seems! It's all still an echo of Reddit, though...
Congratulations! Gold has just opened a new era... or, rather, reopened...
The shining metal breaks above $1,760. How soon the 2012 heights may be beaten?
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Jump in to know the latest market news and trade ideas for today!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.