Online Forex broker
On Wednesday, gold leapt during Asia trade, with the Fed policy review believed to follow a well-telegraphed script on interest rates and cutting the balance sheet, although some traders are searching for language suggesting a shift to a more dovish outlook.
December delivery gold futures rallied 0.44% being worth $1,316.41 a troy ounce.
Overnight, the leading precious commodity was intact because Donald Trump’s claimed that America would dare to totally destroy North Korea in an attempt to defend itself as well as its allies and those words did little to underpin safe-haven demand as market participants focused on the two-day Fed gathering concluding on Wednesday.
Trump’s recent threat to North Korea didn’t manage to garner much attention because investor focus was still on the two-day Fed gathering, which is expected to conclude on Wednesday with a highly anticipated statement on monetary policy.
On Monday, gold was nearly intact having reported three-straight winning weeks, as market participants prepared for Friday’s reports on American third-quarter surge, while monetary policy decisions this week from the ECB and Bank of Canada are going to…
On Thursday, gold ascended because bullish traders took the Fed’s latest hawkish remark in stride and also targeted the $1,250 level for the purpose of recapturing ground lost earlier in the year…
On Wednesday, gold sank after a two-day rally because a strengthening greenback took some of the bullish support from the yellow commodity because the Fed uncovered details from its latest policy gathering…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
