
The oil price looks optimistic. What are the reasons?
On Wednesday, gold declined in Asia, with the near-term focus on the evergreen buck because the Trump administration's struggles to spot its economic as well as foreign policy footings.
August delivery gold futures dived 0.51% in New York, showing an outcome of $1,266.10 troy ounce.
As Fed rate monitor tool states, approximately 30% of investors expect the Fed to lift interest rates in December.
The precious commodity has made an upbeat start to the trading week, contributing to its three-week winning streak amid a tumble in the US currency and also everlasting political uncertainty in the USA.
American uncertainty was still actual after on Monday Donald Trump sacked newly- hired White House communications chief Anthony Scaramucci.
A weaker greenback makes commodities, including gold, traditionally priced in the US dollar, more affordable to buyers outside of America.
Gold reached seven-week maximums after mixed economic reports on personal spending, manufacturing activity and inflation didn’t manage to relive concerns as for the strength of the American economy.
The oil price looks optimistic. What are the reasons?
Congratulations! Gold has just opened a new era... or, rather, reopened...
Gold (XAU/USD) is declining for the second day in a row. The reason of such a dynamic is that investors have turned to stocks.
The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
USD’s rally takes a pause, while riskier assets are modestly rising.
We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.
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