Gold jumps to $1,300
On Monday, gold managed to ascend because traders closely watched a busy week probably to be dominated by the Fed’s regular policy gathering…
Gold jumps in Asia on easy liquidity views
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.
Similar
Gold goes down notwithstanding dismal China’s data
On Thursday, in Asia, gold slipped notwithstanding the fact that China posted weaker-than-anticipated industrial output data…
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…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
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 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…
Deposit with your local payment systems
