Gold dives to 3-week minimum
On Tuesday, the yellow metal demonstrated its lowest value for three weeks…
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
Gold goes down to 2019 minimum
On Monday, gold headed south to its lowest value of the year due to the fact that investor appetite for risk was still firm notwithstanding data disclosing that China's 2018 economic surge speeded down to a near three-decade minimum…
Gold approaches $1,300 once again
Britain’s economic and political issues along with a no-confidence vote on Prime Minister Theresa May following her unsuccessful Brexit deal vote gave gold traders a hope of getting back to maximums of above $1,300 an ounce…
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
