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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.
On Thursday, the yellow metal headed south in Asia due to the fact that recent economic data indicated an improved economic surge outlook and also put pressure on the safe-haven commodity…
On Wednesday, gold was nearly intact, sticking with a four-month minimum because better-than-anticipated economic data from China kept global appetite for risky assets healthy and also tamed demand for havens…
On Tuesday, the yellow metal went down in Asia against the backdrop of more positive developments in the China-US trade negotiations…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
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…
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