On Thursday, gold inched down and then recovered because downbeat American economic data compensated optimism over trade negotiations between America and China…
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.
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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…