On Thursday, the yellow metal headed south in Asia due to the fact that recent economic data indicated an improved economic surge outlook and also put pressure on the safe-haven commodity…
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.
On Wednesday, gold was nearly intact, sticking with a four-month minimum because better-than-anticipated economic data from China kept global appetite for risky assets healthy and also tamed demand for havens…
On Tuesday, the yellow metal went down in Asia against the backdrop of more positive developments in the China-US trade negotiations…
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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…