Gold inches up as weaker greenback spurs physical interest in India and China

Gold inches up as weaker greenback spurs physical interest in India and China

On Tuesday, gold gained in Asia trade, with a weaker greenback generating physical buying interest in the world's leading importers, China and India, ahead of China trade data.

In New York, December delivery gold futures rallied 0.11% being worth $1,266.03 a troy ounce.

In July, China’s exports are expected to ascend 10.9% year-on-year, compared to an 11.3% profit in June. As for China’s imports, they’re supposed to soar 16.6%, versus a 17.2% leap in the previous month.

Overnight, gold traded moderately above breakeven, drifting away from session minimums after the greenback came under pressure reacting to comments from a key Federal Reserve official.

Gold kept paring losses, following Friday’s tumble on the back of sturdy nonfarm payrolls data suggesting the American economy could endure further rate lifts, while St. Louis Fed President James Bullard told that low interest rates will suit the key US bank over the near term.




Japan real wages surge is slowest in almost two years

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…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera