Observing news today one can easily get disappointed. However, things are getting better.
Gold goes down in Asia as traders note UN Security Council rap of North Korea
On Wednesday, gold declined moderately in Asia, just a day after it jumped on a North Korean missile launch over Japan with market participants braced for reacting anew to fresh provocations right after the United Nations Security Council dared to have Pyongyang condemned for intensifying its weapons programs.
December delivery gold futures tumbled 0.04% in New York being worth $1,318.33 a troy ounce.
Overnight, the precious commodity remained underpinned notwithstanding easing from almost 11-month maximums on Tuesday because the evergreen buck pared some of its losses, although geopolitical uncertainty restricted downside momentum.
Gold ascended more than 1% to a nearly 11-month maximum of $1,331.18 because on Monday North Korea launched a missile, which passed over Japan, thus triggering a flight-to-safety among market participants, raising demand for safe haven assets, including gold.
XAU/USD reversed down from the $1,700 area and dropped to $1,586 on March 12.
Oil market crashed after OPEC+ didn’t agree on production cuts. What’s next? Let’s see what bank analysts have to say about this.
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N
OPEC+ is holding a video conference this Thursday to strike a global output cut deal - will that happen?
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