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.

 

 

 

Similar

Gold fell below $1,700

Gold (XAU/USD) is declining for the second day in a row. The reason of such a dynamic is that investors have turned to stocks.

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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