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On Tuesday, the number one precious commodity managed to rise in Asia after North Korea droved tensions in the region once again with another missile launch, which flew over Japanese territory.
December deliver gold futures rallied 0.58% in New York being worth $1,323.05 a troy ounce.
Early on Tuesday North Korea launched another missile from near Pyongyang. It flew over northern Japan, as the South Korean as well as Japanese governments reported. However, the Japanese military didn’t even try to shoot down that ballistic missile, which flew over Japanese territory.
The move by North Korea emerged because tensions had relieved between the United States and North Korea after weeks of threats.
Overnight, gold ascended above $1,300 because gold bugs kept cheering a speech by Fed Chair Janet Yellen who didn’t provide further details on monetary policy or balance sheet normalization, thus narrowing investor hopes for a rate lift later in 2017.
On Monday, gold surged nearly 1% hitting the highest value for three months because a combination of fears over soaring American yields as well as the impact of trade clash, along with geopolitical risks and also a weaker greenback, backed demand for the…
On Thursday, gold jumped over 1%, thus getting back to the psychologically crucial mark of $1,200 because a rout in global stock markets underpinned worries over soaring bond gains, speeding down global growth, not to mention trade clashes…
On Wednesday, gold slumped because elevated bond gains kept to their steepest values since 2011 and the USD index stood still sticking with its seven-week maximum…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
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…
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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