Gold heads south in Asia, shrugging off NKorea missile test

Gold heads south in Asia, shrugging off NKorea missile test

On Monday, gold dipped moderately in Asia, shrugging off the latest North Korean missile test. Meanwhile, the American and British markets were unavailable for holidays.

In New York, June delivery gold futures dipped 0.13%, being worth $1,266.42 a troy ounce.

The previous week, gold inched up to a nearly one-month peak, shrugging off an ascend in the greenback to a four-day peak, reacting to an upward revision to American economic surge as well as expectations that the Fed would lift its benchmark rate already in June.

The American economy ascended faster than initially reported during the first three months of this year, thus relieving worries as for a potential slowdown in the American economy.

Gross domestic product moved up at an annualized rate of about 1.2% during the first three months of this year, which exceeds the previous reading of 0.7% that turned to be the slowest period of economic surge since 2014.

Similar

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera