Gold rebounds in Asia after recent drops

Gold rebounds in Asia after recent drops

On Thursday, gold rebounded moderately in Asia because market participants came in after a recent steep sag following the French election outcome. Moreover, traders took positions on potential geopolitical risks on the Korean peninsula exactly where America has moved to setup a sophisticated anti-missile system to prevent North Korea from launching ballistic missiles.

In New York, June delivery gold futures grew 0.28%, trading at $1,276.33 a troy ounce. As for silver futures, they ascended 0.37%, being worth $17.496 a troy ounce. Copper futures sank 0.58%, trading at $2.587 a pound.

Overnight, gold traded moderately below breakeven, suppressed by a shift in market sentiment towards riskier assets, as market participants digested bullish comments from American Treasury Secretary Steven Mnuchin and waited for a tax reform update from Donald Trump.

On Monday, Treasury Secretary Steven Mnuchin confirmed that the tax reform plan would reduce the business tax rate to 15%. His comments came ahead of a highly anticipated update from Donald Trump on his tax reform initiative. 


Brent overleaps $65 for the 1st time since 2015

On Tuesday, Brent crude futures rallied above $65 a barrel for the first time since 2015 following the shutdown of the Forties North Sea pipeline, which knocked out considerable supply from a market, which was already tightening because of OPEC-led…

Gold sinks moderately in Asia

On Tuesday, gold sank a bit in Asia, with language from the Federal Reserve after its Wednesday’s rate announcement considered to be key for direction…


promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera