Gold is nearly intact ahead of Fed minutes
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…
Gold heads north
On Monday, gold rallied because market participants looked ahead to a busy week of Fed speakers for new clues on the probable trajectory of monetary policy.
Gold futures tacked on 0.4% trading at $1,292.02 a troy ounce.
On Friday, gold futures concluded modestly lower just to notch a 0.7% weekly sag, which is its first weekly descend of the last three.
The changing of the management at the Fed is going to be a main focus for traders this week because both the current chair as well as next chief of the US major financial institution are scheduled to speak.
On Tuesday, Fed governor Jerome Powell, picked up by Donald Trump as the next Fed chief, appears before the Senate Banking Committee for his confirmation hearing.
On Wednesday, on Capitol Hill, Fed Chair Janet Yellen will talk about the US economy, right before the Joint Economic Committee.
As for other metals, silver futures rallied 0.3% trading at $17.04 a troy ounce, while platinum dipped 0.2% being worth $943.90, palladium lost 0.3% hitting $989.40 an ounce.
Copper futures declined 1.9% reaching $3.131 a pound.
Similar
Gold surges to fresh 9-month maximums
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…
Gold inches up towards new 10-month maximum
On Monday, the yellow metal managed to ascend, making its way towards their best outcome since April because the evergreen buck slumped on expectations that America and China would come to an agreement ending their long-lasting trade conflict…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
