Gold goes down in Asia as greenback moderately rebounds in early trade

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.


Latest news

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera