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…
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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Gold settles higher, as Trump cools trade talk expectations
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…
Gold stands still on hopes for US-China trade talks
On Thursday, gold stood still against the backdrop of news of probable US-China trade negotiations, although the yellow metal was held down by a firmer evergreen buck…
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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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