Gold leaps on diving greenback
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…
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.
Similar
Gold tacks on geopolitical risks
On Wednesday, gold prices rallied…
Gold inches down against the backdrop of soaring futures on the American stock market
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…
Popular
ECB Meeting
Traders are impatiently waiting for the European Central Bank’s meeting on October 26…
CPI misses hopes weighing on Japanese yen
On Friday, the evergreen buck held strength in Asia because the Japanese yen was affected by weaker than anticipated prices data…
Gold jumps in Asia following deadly Manchester concert venue explosion
On Tuesday, gold rose in Asia, reacting to a deadly recent explosion at a concert venue in Manchester…
Deposit with your local payment systems
