Gold edges up in Asia as North Korea gets another Trump’s warning

Gold edges up in Asia as North Korea gets another Trump’s warning

On Wednesday, gold rallied because political risk tacked on right after Donald Trump in a speech to the South Korean parliament dared to warn North Korea against making a "miscalculation" in development of its nuclear and missile weapons programs.

December delivery gold futures inched up 0.17% in New York being worth $1277.98 a troy ounce.

Overnight, the most popular precious commodity was pressured because safe-haven demand went down after worries relieved over political uncertainty in the Middle East. Meanwhile, steep leap in the US currency contributed to downside momentum.

Gold gave up most their revenues from Monday’s trading session because the evergreen buck rallied steeply following signs of progress on tax reform as well as bullish labor market data.

According to the US Labor Department's latest Job Openings and Labor Turnover Survey, September’s job openings grew to nearly 6.1 million, thus confounding hopes for 6.091 million.


Gold declines on Fed remarks

On Wednesday, gold headed south and kept to a one-year minimum due to the fact the evergreen buck managed to strengthen on Fed Chair’s remarks, which backed views that the US major financial institution considers lifting its interest rates this year…


Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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