Gold edges up in Asia on Korea tensions

Gold edges up in Asia on Korea tensions

On Friday, gold soared in Asia because market participants waited for a probable ICBM test by North Korea on September 9, with regional views mixed on the likelihood for further military confrontation.

December delivery gold futures jumped 0.56% in New York being worth $1,358.05 a troy ounce.

China's trade balance leapt to $41.99 billion, although it’s narrower than the supposed $48.6 billion for August.

Overnight, the key precious commodity rallied on the back of a dipping greenback, reacting to data demonstrating weakness in labor market, although revenues were capped as expectations surged that the ECB is currently moving closer to tightening its monetary policy.

The steep ascend in the common currency came amid a tumble in the greenback following data unveiling that initial jobless claims reached a two-year maximum.

From August 27 to September 2 initial jobless claims ascended by 62,000 hitting 298,000, thus demonstrating the highest value since spring 2015.






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…

promotions you can be interested in

Deposit with your local payment systems


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