GOLD: the era of $1 800
Congratulations! Gold has just opened a new era... or, rather, reopened...
Gold goes down in Asia as greenback moderately rebounds in early trade
On Monday, gold sank in Asia because the evergreen buck modestly rebounded, thus aiding some physical selling.
February delivery gold futures dived 0.31% being worth $1,347.90.
As for the US dollar index, it edged up 0.18% being worth 89.03.
On Tuesday, the Fed gathering, the last headed by Janet Yellen before Jerome Powell takes office, is going to be in focus. The same is true for Friday’s American jobs report for January as well as Wednesday’s euro zone inflation data.
The previous week, the evergreen buck demonstrated its greatest weekly sag since June, reacting to remarks from the American Treasury secretary welcoming a weaker dollar.
The previous week, gold concluded lower, although remained in sight of yesterday’s 17-month maximum as the evergreen buck was suppressed by data pointing to stepping down American economic surge as well as comments by a senior US statesman underpinning a weaker currency.
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.
GOLD: approaching $1,800!
The shining metal breaks above $1,760. How soon the 2012 heights may be beaten?
Latest news
Main market movements on August 11
The market sentiment improved after the USA reported some decreasing in coronavirus hospitalizations. Gold dropped below $2 000 and the US dollar dipped down, while stocks surged. Let’s have a closer look.
All attention to NZD
The RBNZ will make the monetary policy statement on August 12 at 5:00 MT time!
What drives the market on August 10?
The market has started the week with a mixed sentiment…
Deposit with your local payment systems
