GOLD: approaching $1,800!
The shining metal breaks above $1,760. How soon the 2012 heights may be beaten?
Gold earns in Asia as NKorea tensions drive safe-have demand
On Monday, gold managed to earn in Asia after at the weekend North Korea claimed to have tested its hydrogen bomb, thus powering regional global tension on worries of a military conflict, which could involve South Korea, Japan, China and the United States.
December delivery gold futures rallied 0.74% in New York trading at 1,340.26 a troy ounce. Market participants are closely watching a UN Security Council gathering later on Monday for a fresh set of sanctions on North Korea as well as a probable sterner stance by China, its erstwhile ally.
The previous week, gold was still close to nine-and-a-half-month maximums, shrugging off a rebound in the evergreen buck because a poor nonfarm payrolls report drove demand for the key precious metal.
The precious commodity pared some its revenues, following its move to a nine-and-half-month maximums because traders downplayed the impact dismal job and wage surge in August could have on the Fed’s plans to lift interest rates later in 2017.
Similar
Gold shines as bright as $3,000
Find out the most bullish forecast for gold!
WTI dropped below zero: what does it mean?
Big news shake financial markets more and more often. This time oil is once again the news maker.
Latest news
Market news on May 26: S&P 500 passed 3000
Stocks, oil and GBP gain on risk-on sentiment
What moves the market on May 25?
Investors weigh reopening economies against the growing US-China tension. Which impulse will be stronger?
What moves the market on May 22?
Here you’ll find fresh news that drive the market today.
Deposit with your local payment systems
