Gold moves down
On Friday, gold declined, simultaneously trying to preserve its weekly profits because the USD index jumped, offsetting its abrupt weekly dive…
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.
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Gold goes down notwithstanding weakening greenback
On Thursday, gold declined notwithstanding a weakening evergreen buck in the face of ebbing trade fears, as market participants waited for economic data later in the trading session and also looked ahead to the Fed’s policy gathering next week…
Gold is underpinned by wavering US currency
On Monday, gold managed to surge due to the fact market participants questioned the greenback jump’s near-term durability…
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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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