Gold is underpinned by wavering US currency
On Monday, gold managed to surge due to the fact market participants questioned the greenback jump’s near-term durability…
Gold heads north in Asia as American shutdown weighs on greenback views
On Monday, gold added moderately in Asia, with the market waiting for word on a probable deal for a Senate vote to cope with the American government shutdown, which has weighed on the evergreen buck and drove interest in greenback-denominated commodities, including gold.
February delivery gold futures added 0.03% being worth $1,333.50 a troy ounce in New York.
On Saturday, the American government shutdown managed to extend into the new week with all, although crucial services curbed as well as many of the regularly schedule data announcements probably postponed if the inability to ensure stopgap funding remains.
The Bank of Japan opens a two-day monetary policy gathering with the verdict on Tuesday awaited for any indications that the aggressive easing stance could be ceased in 2018.
Market participants are going to be focused on the result monetary policy gatherings by the European Central Bank and fourth quarter surge from both American and Great Britain.
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Gold stands still on hopes for US-China trade talks
On Thursday, gold stood still against the backdrop of news of probable US-China trade negotiations, although the yellow metal was held down by a firmer evergreen buck…
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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…
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