Gold edges up in Asia on inflation views

Gold edges up in Asia on inflation views

On Monday, gold soared in Asia, with a holiday ahead in America keeping minor trade and financial markets waiting for further clues on inflation in 2018 as debate steps up over the extent of potential price leaps worldwide.

February delivery gold futures rallied 0.46% in New York being worth $1,341.30.

Financial markets in America will be unavailable due to the Martin Luther King Day holiday. A bit later this week, China will unveil its fourth-quarter surge data. In Europe market participants will wait for monthly inflation data to evaluate how fast the ECB could get down to unwinding its asset purchase program.

The previous week, gold rallied for the third straight trading session on Friday to reach fresh four month maximums after hawkish European Central Bank minutes pushed the common currency to multi-year peaks versus the greenback.

Gold was also underpinned after data disclosing that American consumer prices tacked on in December, thus concluding 2018 on a moderately stronger note.

 

 

Similar

Popular

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…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera