Observing news today one can easily get disappointed. However, things are getting better.
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.
XAU/USD reversed down from the $1,700 area and dropped to $1,586 on March 12.
Oil market crashed after OPEC+ didn’t agree on production cuts. What’s next? Let’s see what bank analysts have to say about this.
US Fed comes right on time with the crisis support program announcement. How does the stock market react?
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N