Gold stands still as Fed meeting starts
On Tuesday, gold was intact because market participants shifted their attention to this week’s Fed Reserve monetary policy gathering…
Gold declines in Asia
On Tuesday, gold prices sank in Asia, as market participants mulled renewed demand prospects from China, reacting to data, which showed China's net-gold imports via major conduit Hong Kong soared 50.8% month-on-month in February.
In New York, April delivery gold futures dropped 0.19%, trading at $1,253.35 a troy ounce. Besides this, copper futures tumbled 0.15%, reaching $2.633 a pound because supply worries wane after strikes in the settlement the previous week of strikes at key mines in Chile and Indonesia.
Overnight, gold prices ascended, as market participants raised worries over President Trump’s ability to deliver on his pro-growth policies, right after on Friday the Trump administration didn’t manage to push a health care bill through congress.
Gold prices kept to session peaks, after a tumble in the greenback kept lending support to dollar-denominated gold, as market participants fled the so-called ‘Trumpflation trade’ amid concerns that the healthcare bill setback could affect Trump’s pro-growth policies being passed.
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On Wednesday, gold managed to leap reaching the best levels of the trading session because data disclosed that American consumer price surge speeded down in November…
Gold surges a bit
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Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
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…
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