Online Forex broker
On Friday, gold surged in Asia because a positive reading on manufacturing in China backed market sentiment regionally that world's number two economy was still on track.
December delivery gold futures surged 0.17% in New York being worth $1,324.40 a troy ounce.
In August, the Caixin manufacturing PMI leapt to 51.6, surpassing a 50.9 reading expected, as data disclosed on Friday, displaying the fastest tempo of new orders for three years.
Overnight, gold ascended because the evergreen buck dropped after subdued inflation data curbed hopes for a rate lift later in 2017, while renewed geopolitical tensions raised sentiment on the precious commodity.
Gold resumed its ascend reacting to a two-day consolidation because data revealed that consumer spending suddenly fell short of expectations. At the same time inflation grew at its slowest tempo in almost two years, thus curbing investor expectation that the Fed will raise its benchmark rate later in 2017.
Gold has already lost out in a paradigm shift exactly where the number one precious commodity is no longer considered to be a traditional refuge when traders are in a risk-off mood…
On Monday, gold headed south because Turkey’s economic turmoil left financial markets puzzled…
On Friday, gold leapt because market participants rushed to safe-have assets…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
