Gold is nearly intact
On Wednesday, gold was nearly intact because traders closely watched a policy statement by the key US bank, which is expected to shed light on its interest rate plan for the rest of 2019…
Gold leaps on diving greenback
On Thursday, gold managed to grow due to the depreciation of the evergreen buck as well as concerns about talks between the USA and North Korea.
On the Comex exchange gold futures rallied 0.1%, hitting $13,554.8 an ounce. At the same time, the US dollar index, showing the purchasing power of the evergreen buck to the group of six leading currencies, headed south by approximately 0.03% hitting 89.32.
The appreciation of the evergreen buck makes gold less accessible to keepers of other assets.
Geopolitics once again caught the attention of market players after the US President Donald Trump told that his meeting with North Korean leader Kim Jong-no will take place on the condition he’s confident enough of the success of the negotiations.
The economic calendar for Thursday will focus on the report on the number of initial applications for unemployment benefits. The Fed's Beige Book, released yesterday, disclosed that the improvement in the labor market situation hasn’t provoked a significant increase in wages in America.
The index of business activity from the Federal Reserve Bank of Philadelphia is going to be uncovered soon. Market experts foresee a slight dive in this index.
Today, members of the Federal Open Market Committee, Lael Brainard, Federal Reserve Chairman Randal Kvarls and also Cleveland Federer Loretta Mester, head of the Federal Reserve Bank will deliver speeches.
The statements of the Fed officials are going to be thoroughly analyzed after the president of the Federal Reserve Bank of Saint Louis James Ballard warned that the yield curve might be distorted in the next six months, which appears to be a traditional signal of a recession.
Meanwhile, palladium futures tacked on 1.0% being worth $1044.9 an ounce.
Nickel futures edged up 6.4% coming up with a reading of $16,262.50.
Copper futures ascended 0.9% reaching $3.187 a pound.
Similar
Gold heads north, with Fed meeting in focus
On Tuesday, gold jumped, underpinned by hopes that the US main financial institution is going to send financial markets a more dovish message as for future monetary policy following the two-day policy gathering scheduled to start a bit later on Tuesday…
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…
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
