On Friday, gold managed to rally following the publication of American economic reports overnight…
Gold inches up as healthcare vote delay weighs on greenback
On Wednesday, gold grew in European trade because the greenback and global stock markets pulled back, thus boosting the appeal of the number one precious metal.
Gold futures hit $1,252.52 a troy ounce, soaring approximately 0.5%. On Tuesday, gold grew to notch its fourth revenue in five sessions.
Silver futures managed to rise 1.1%, being worth $16.76 a troy ounce.
The greenback nursed its losses, having found itself under pressure overnight after American Senate Majority Leader Mitch McConnell postponed a vote on healthcare legislation until after the Senate's July 4 recess, in an attempt to gain more support from Republican senators.
Investors are concerned that the Trump administration’s going to find it difficult to follow through with tax drops as well as fiscal stimulus steps, without getting the healthcare bill passed.
As for the dollar index, traditionally measuring the US dollar versus a basket of six crucial currencies, hit 96.09, having dropped to its lowest value since November at 95.92 overnight.
On Thursday, gold extended a mild revival in the face of mixed American data as well as a stock market stabilizing near record maximums…
Bulls could not hold yesterday's gains for USD/JPY.
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…