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.
Similar
5 important events this week will bring us!
Find out the main drivers for this week
Prices for oil rise
The price for WTI has risen to its highest levels since the beginning of May.
Yellow metal rallies against the backdrop of risk aversion
On Wednesday, the yellow metal managed to extend gains for the fourth consecutive day, while other metals are going down…
Latest news
Gold heads south on tumbling greenback
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
European equities conclude in positive territory for the fifth consecutive week
On Friday, European stock indices fluctuated at the beginning of the trading session…
RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
Deposit with your local payment systems
