Gold inches up on demand from China and India

Gold inches up on demand from China and India

On Tuesday, gold tacked on in Asia, with physical demand from India during the festival season as well as the other leading importer China because markets get back after a week-long holiday the previous week.

December delivery gold futures rallied 0.31% being worth $1,289.05 a troy ounce.

Overnight, the number one precious commodity grew, backed by a sink in the US currency because a leap in geopolitical uncertainty enhanced demand for gold, although growing expectations that the key US financial institution will increase its rates for the third time in 2017 capped revenues.

Gold managed to make a firm start to the trading week amid recovering geopolitical uncertainty because Donald Trump’s tweets over the weekend drove fears that the US president is seriously considering military action against North Korea.

Net bullish bets on the yellow precious metal inched down to 203.9, as the Commodity Futures Trading Commission informed on Friday.

Similar

Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

Gold ascends on Brexit jitters

On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…

Deposit with your local payment systems

Callback

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

Beginner Forex book will guide you through the world of trading.

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