Online Forex broker
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.
On Thursday, gold tumbled in the face of a stronger US currency, getting closer to a six-month minimum because the Fed Chair officially confirmed an outlook for higher interest rates in America…
On Wednesday, gold went down in the face of a steady greenback as well as firmer stocks…
On Tuesday, gold slumped because worries over a potential trade conflict made traders look for refuge in the greenback, raising a benchmark index for the US currency to its highest value of 2018…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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.
|
