Gold ascends due to diving US dollar
On Thursday, the leading precious commodity managed to leap against in the face of the depreciation of the evergreen buck…
Gold edges down in Asia as French survey results come in along expected lines
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.
Similar
Gold moderately ascends, while keeping to this year’s low
On Tuesday, gold changed insignificantly, keeping close to the minimum of 2018, which was recorded at the last trading session…
Gold inches down to year’s minimum
On Monday, market participants were selling metals as well as other assets, which are traditionally referred to as "safe havens" due to the weakening fears of a trade conflict between the United States and China…
Popular
America will probe German and Japanese car makers over alleged patent violations
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
Gold edges down toward 3-week minimum after Congress hits spending deal
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
Crude edges down in Asia on Caixin PMI
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Deposit with your local payment systems
