Gold heads north on decelerating global surge
On Friday, gold jumped due to the fact that dismal data in the euro zone drove traders to the safe-haven asset…
Gold edges up in Asia as North Korea risks surge
On Thursday, gold rallied in Asia, with remarks from American ambassador to the UN Nikki Haley proposing a complete oil embargo on North Korea, thus driving risk concerns.
December delivery gold futures edged up 0.17% in New York being worth $1,284.27 a troy ounce.
In November, China's manufacturing PMI tacked on to 51.8, demonstrating a faster pace than anticipated 51.4, while non-manufacturing edged up to 54.8 from October’s outcome of 54.3, as official data issued on Thursday unveiled.
Overnight, the number one precious metal was suppressed because Treasury yields gained on hawkish remarks from Fed Chair Janet Yellen as well as positive economic data.
On Wednesday, Fed Chair Janet Yellen told that the US major financial institution would keep lifting rates amid worries of the US economy overheating. Traders considered her comments to be hawkish enough, prompting an ascend in the US dollar.
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Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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