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On Friday, gold rallied moderately in Asia because traders digested a triple load of major bank view from the Federal Reserve, BoE and ECB, which pointed to ongoing easy liquidity.
February delivery gold futures soared 0.02% in New York being worth $1,257.40 a troy ounce.
Overnight, the number one precious metal traded close to session maximums, neglecting a rebound in the evergreen buck as the European Central Bank told it would keep pursuing its ultra-accommodative monetary policy measures.
On Thursday, the ECB left its benchmark rate intact, repeating its firm commitment to running an asset-purchase stimulus program until next September.
On Wednesday, gold managed to reverse a two-day drop versus the backdrop of a widely anticipated Fed rate lift and an intact outlook on the path of monetary policy tightening, including up to three rate hikes expected next year.
Meanwhile, silver futures added 0.45% hitting $15.94 a troy ounce, platinum futures tacked on 0.80% being worth $882.40.
Anxiety over the US-China trade conflict and Brexit is keeping the yellow metal’s $1,200 perch alive, notwithstanding the evergreen buck trying to gain leverage against gold on the same fears…
On Monday, gold slipped a bit because the USD index rallied to its highest value for more than 17 months, thus affecting gold’s demand…
On Friday, gold edged down due to the fact that inflation data indicated steady interest rate lifts by the primary US financial institution…
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…
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