Would you mind to trade some oil? If the answer is yes, you’ve clicked on the right section.
Gold declines due to Thanksgiving Day
On Thursday, gold sagged in holiday-thinned trade, although losses were capped by rumors that the major US bank might not tighten American policy as mawkishly as previously anticipated.
In New York gold futures slumped 0.2% being worth $1,290.13 a troy ounce. Trade volumes were believed to stay light on Thursday, with Comex floor trading unavailable for Thanksgiving. Another trading session was scheduled for Friday.
On Wednesday, the number one precious metal rallied 0.8% because the greenback dived to a four-week minimum after minutes from the Fed’s November gathering hinted that the major bank might not be as hawkish in lifting interest rates in 2018 as anticipated because of the sluggish inflation outlook.
It definitely raises the question of whether the key US financial institution will stick to three planned rate hikes next year or not.
As for other metals, silver futures went down 3% trading at $17.08 a troy ounce. Besides this, platinum decreased 0.4% being worth $936.55. Palladium decreased 0.3% trading at $998.62 an ounce. Copper futures inched down 0.4% hitting $3.127 a pound.
Boris Johnson have won the UK Parliament elections. What does that mean for the Forex market? The article takes the first look at the answers.
There is positive news concerning the US-China trade deal. We've prepared an overview of the current state of the situation.
The GBP traders await the outcome of the election, while the euro may follow the words of the new ECB president Christine Lagarde. Read more!