Gold is nearly intact
On Wednesday, gold was nearly intact because traders closely watched a policy statement by the key US bank, which is expected to shed light on its interest rate plan for the rest of 2019…
Gold edges up in Asia on mixed China trade data
On Friday, gold tacked on, with Chinese trade data offering rather a mixed picture on global demand prospects as well as potential higher inflation.
In New York, February delivery gold futures rallied 0.41% being worth $1,327.90 a troy ounce.
As China informed, in December exports gained 10.9% versus a profit of 9.1% observed, imports edged up 4.5% versus a 13.0% jump anticipated, while the trade balance hit $54.69 billion surplus unlike surplus of $37 billion observed.
Gold headed north to nearly four-month maximums as the evergreen buck was suppressed after the common currency soared on hawkish ECB gathering minutes suggesting that monetary policy tightening might soon follow.
On Thursday, the Labor Department told its producer price index for final demand inched down 0.1% in December having soared 0.2%. For the last 12 months through December, the PPI rallied 2.6, thus missing hopes for a 3% jump.
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Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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