Gold goes down in Asia on mild profit-taking

Gold goes down in Asia on mild profit-taking

On Wednesday, gold declined in Asia in a bout of mild profit-taking because geopolitical tensions on the Korean peninsula appear off the boil currently, although market participants were cautious with elections ahead in the EU and with an eye on American monetary policy.

In New York, June delivery gold futures sagged 0.28%, trading at $1,290.50 a troy ounce. Besides this, silver futures hit $18.290 a troy ounce, soaring 0.10%, while copper surged 0.12%, being worth $2.533 a pound.

Overnight, gold grew, as market participants piled into safe haven assets amid ongoing uncertainty surrounding the outcome of the French Elections as well as growing geopolitical tensions in North Korea, Syria and Russia.

Gold prices revived from early session minimums, to trade close to five-month peaks, as the flight to safety trade resumed, when UK Prime Minister Theresa May disclosed plans to call an early election.



Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

Gold ascends on Brexit jitters

On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…

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.

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