
During the recent days, silver made a spectacular rise to $30. Not only gold shines, it seems! It's all still an echo of Reddit, though...
On Wednesday, the yellow metal hit a new six-month maximum because recent risk-off sentiment attracted traders to the safe haven commodity, while American leader held fast in his insistence for border financing to reopen the US cabinet.
On the Comex exchange, February delivery gold futures went up by up to 0.45% ending up with $1,277.55 a troy ounce. By the way, it’s intraday maximum of $1,279.85 turned out to be its most impressive level since June 19.
Unlike American equities that faced their worst Christmas Eve performance ever, the yellow metal has been getting a bid in December because market participants take risk off the table at the end of 2018. As equities slipped on Monday, the number one precious commodity surged by 1%, finding itself on track for a 4% monthly ascend.
Political turmoil in the US government that provoked led to a partial government shutdown, was still in focus because Trump doubled-down on his pledge not to reopen the cabinet until he gets financing for his southern border wall. Following a Christmas Day video conference with American troops serving abroad, US leader told that he doesn’t know when the cabinet will be reopened. From his point of view, it makes no sense to have it reopened until the southern border wall with Mexico isn’t ready yet. The wall is expected to guard the United States from drugs leaking to the country from the neighbor through the border.
Some financial analysts pointed out that financial markets have to grapple with soaring turmoil in the US government that has increased political risk.
As for other metals, silver futures managed to tack on by 1.13% being worth $14.988 a troy ounce.
As for palladium futures, they jumped by 0.44% ending up with $1,181.25 an ounce. Platinum futures added 1.06% being worth $797.75.
During the recent days, silver made a spectacular rise to $30. Not only gold shines, it seems! It's all still an echo of Reddit, though...
Congratulations! Gold has just opened a new era... or, rather, reopened...
The shining metal breaks above $1,760. How soon the 2012 heights may be beaten?
Check our story about the stocks that have the potential to go either up or down big time! In this article, we'll tell you about Nvidia, Apple, Philip Morris, and Coinbase.
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
The relationship between the US and Turkey is not going well. Neither do things for the Turkish lira.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.