Online Forex broker
On Monday, gold prices tumbled in Asia, as risk worries eased after the French election went widely as expected, thus pitting centrist Emmanuel Macron as well as far-right leader Marine Le Pen in a May 7 runoff.
In New York, June delivery gold futures dipped 0.90%, trading at $1,277.35% a troy ounce. Silver futures descended 0.09%, being worth $17.907 a troy ounce, while copper soared 0.47%, trading at $2.563 a pound.
Market participants will focus on ahead of Thursday’s ECB gathering and Friday’s euro zone inflation reports and preliminary estimates of first quarter surge from Great Britain and America on Friday.
The previous week, gold soared on Friday as market participants remained cautious ahead of the first round of voting in France’ presidential election, thus backing safe haven demand for gold.
Traders were also monitoring events in America. On Thursday, US Treasury Secretary Steven Mnuchin informed that the Trump administration is going to disclose a tax reform plan soon and also expects it will be approved by Congress in 2017.
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…
On Monday, gold managed to surge due to the fact market participants questioned the greenback jump’s near-term durability…
On Friday, gold managed to rally due to the fact that American leader shockingly impacted market optimism generated by the probability of renewed trade negotiations between China and America…
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…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
