Gold keeps diving on Turkey economic downtime
On Monday, gold headed south because Turkey’s economic turmoil left financial markets puzzled…
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.
Similar
Gold jumps on safe-haven demand
On Friday, gold leapt because market participants rushed to safe-have assets…
Gold sinks on soaring greenback
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
Popular
Japan February exports are seen surging at fastest pace since 2015
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…
Asian shares tumble with Japan markets shut
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…
Greenback surges as yields soar
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…
Deposit with your local payment systems
