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 south with focus on Fed minutes
On Tuesday, gold tumbled a bit in Asia in light trade with Tokyo markets unavailable and also the focus ahead on the Federal Reserve minutes later this week.
February delivery gold futures dived 0.04% being worth $1,308.80 a troy ounce in New York.
Market watchers are going to closely watch Wednesday’s minutes of the Federal Reserve’s December policy gathering for further clues on the future path of monetary policy.
The previous week on Friday, a weaker greenback underpinned gold, letting this commodity reach a three-month maximum back above the $1,300 level in the final trading day of 2017.
Gold has managed to add 14% for the year, which is the largest yearly percentage revenue since 2010.
Recent weakness in the evergreen buck has underpinned gold prices by simply making the dollar-denominated metal less expensive for holders of other currencies.
The evergreen buck dived to its lowest values for more than three months versus a basket of the other key currencies on Friday and reported its largest annual percentage dive since 2003.
Similar
Gold settles higher, as Trump cools trade talk expectations
On Friday, gold managed to rally due to the fact that American leader shockingly impacted market optimism generated by the probability of renewed trade negotiations between China and America…
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…
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
