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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.
On Thursday, gold faced its most impressive daily dive for six months right after it had been reported that China and America were demonstrating huge progress in resolving their long lasting trade conflict…
On Wednesday, gold was nearly intact in Asia due to the fact that traders waited for the minutes of the US major bank’s January meeting…
On Tuesday, gold managed to rally because traders awaited the publication of the minutes from the recent Fed policy gathering with hopes for them to confirm the major financial institution’s dovish policy stance…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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