Gold dips on renewed NKorea tensions

Gold dips on renewed NKorea tensions

On Monday, gold declines because market participants drifted away from risky trades on North Korea tensions, although copper staged revenues because housing data from China demonstrated ongoing revenues for prices albeit at a slower tempo than the previous month.

December delivery gold futures went down 19% in New York being worth $1,322,62 a troy ounce. As for copper futures, they rallied 0.81% hitting 2.976 a pound.

China posted August’s house prices data tacked on 8.3% versus a 9.7% jump observed in July.

The previous week, gold went down as investors shrugged off a leap in geopolitical uncertainty that emerged after North Korea dared to launch another ballistic missile over Japan on Friday, while driving hopes that the major US bank will raise rates later in 2017 kept the precious commodity on track for a weekly loss.

Just a day after data demonstrating  inflation inched up to its highest value for seven months powered expectations of a December rate lift, gold was still on track to snap three-week gaining streak.


Gold is intact

On Monday, gold was nearly intact having reported three-straight winning weeks, as market participants prepared for Friday’s reports on American third-quarter surge, while monetary policy decisions this week from the ECB  and Bank of Canada are going to…

Gold inches up

On Thursday, gold ascended because bullish traders took the Fed’s latest hawkish remark in stride and also targeted the $1,250 level for the purpose of recapturing ground lost earlier in the year…

Gold goes down

On Wednesday, gold sank after a two-day rally because a strengthening greenback took some of the bullish support from the yellow commodity because the Fed uncovered details from its latest policy gathering…

Latest news

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…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera