
On Thursday, gold managed to grow due to the depreciation of the evergreen buck as well as concerns about talks between the USA and North Korea…
On Wednesday, gold kept diving, extending losses into a third session. It’s because market participants looked ahead to minutes of the Fed’s latest policy gathering for further clues on the timing of the next American rate lift as well as clues on how the major financial institution intends to pare back its balance sheet.
The Fed’s going to publish minutes of its most recent policy gathering later in the day.
The key bank left interest rates intact following its gathering on July 26 and told it actually expected to start shrinking its huge holdings of bonds in the nearer future. Policymakers also told that weakness in American inflation more explicit than before.
Aside from that, market participants will monitor data on American housing starts as well as building permits in order to assess the overall strength of the world's number one economy and how it will influence the Fed's view on monetary policy.
In New York, gold futures slumped 0.3%, being worth $1,275.81 a troy.
On Thursday, gold managed to grow due to the depreciation of the evergreen buck as well as concerns about talks between the USA and North Korea…
On Wednesday, gold prices rallied…
On Monday, gold headed south against the backdrop of strengthening futures on the American stock markets as well as a soaring greenback, which led to a decrease in demand for the number one precious commodity…
On Monday, the euro drifted away from peaks reached in the Asian session because market participants took profits from its revenues after centrist Emmanuel Macron's win over the far-right Marine Le Pen in France's presidential election…
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'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…
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