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On Tuesday, gold held revenues in Asia because market participants were quite cautious as for tensions on the Korean peninsula.
December delivery gold futures rallied 0.27% reaching $1,315.00.
Overnight, gold went up abruptly because escalating geopolitical tensions on the Korean Peninsula powered safe-haven demand after North Korean Foreign minister Ri Yong Ho shockingly announced that Pyongyang boasts the right to shoot down American bombers.
The firm start to the trading week for the number one precious commodity comes after gold dipped to a second-straight weekly minimum the previous week as market participants unwound some of their bullish bets on this commodity.
Apparently, net bullish bets on gold inched down to 236,100.
Demand for gold could be pressured during the week because a flurry of Fed speakers are expected to deliver speeches including Fed Chair Janet Yellen on Tuesday.
On Thursday, gold tumbled in the face of a stronger US currency, getting closer to a six-month minimum because the Fed Chair officially confirmed an outlook for higher interest rates in America…
On Wednesday, gold went down in the face of a steady greenback as well as firmer stocks…
On Tuesday, gold slumped because worries over a potential trade conflict made traders look for refuge in the greenback, raising a benchmark index for the US currency to its highest value of 2018…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
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…
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