Gold rebounds in Asia on Trump’s remarks

Gold rebounds in Asia on Trump’s remarks

On Friday, in Asia, gold rebounded after Donald Trump’s comments as for the overall viability of a currently existing free trade pact with South Korea. He hinted that Seoul is ought to pay for an advanced anti-missile system currently deployed in South Korea. Additionally, he underlined the necessity for Saudi Arabia to shell out more for American military protection. Besides this, Trump also paid attention to the likelihood of a war conflict with North Korea.

In New York, June delivery gold futures added 0.02%, getting to $1,266.11 per troy ounce.

Overnight, gold stood still because market participants’ optimism that Trump’s tax reform plan would have the greenback underpinned notwithstanding quite poor economic data.

Gold actually struggled to hold onto revenues notwithstanding the publication of weaker than expected economic data because both Initial Jobless Claims as well as Durable Goods Orders didn’t meet expectations. Meanwhile a bullish pending Home Sales print managed to cap upside momentum.


Latest news

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


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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