ONLINE FOREX BROKER
On Thursday, gold faced its most impressive daily dive for six months right after it had been reported that China and America were demonstrating huge progress in resolving their long lasting trade conflict.
On the Comex exchange, April delivery gold futures dived by 1.5% being worth $1,327.80 per ounce, thus compensating a five-day ascend. rally. It appeared to be the first dive in Comex gold since Valentine's Day as well as the steepest percentage daily decline since August 13, when it dipped by 1.7%.
Besides this, spot gold went down by 1% trading at $1,324.51 a ounce.
Market participants have been utilizing the yellow metal as a hedge toward economic as well as political issues. Progress in the US-China trade talks, celebrated in stock as well as other risk markets put pressure on gold. Meanwhile, the evergreen buck managed to rally by 0.2% ending up with 96.498 versus six key peers.
American equities dived because the Commerce Department told that core durable goods orders inched up less than anticipated in December. However, losses in stocks were muted by upbeat sentiment in the market.
Some market experts cautioned against excessive optimism being placed on the negotiations because the talks had to do with tough issues, including America’s demands for Chin’a reparation over such crucial matters as intellectual property rights, forced technology transfer as well as cyber theft, non-tariff barriers, currency services, and agriculture.
As a matter of fact, palladium futures dived by 1% being worth 1,473.85 per ounce. By the way, on Wednesday, spot palladium hit a record maximum of of $1,506.65.
As for silver futures, they lost by 2.4% showing $15.78 per ounce.
Besides this, platinum futures decreased by 1% showing $826.30 per ounce.
For a long time, traders considered American Non-farm Payrolls (NFP) the most important release in the market. However, the situation has changed. Now US CPI moves financial markets.
United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on November 5, 14:30 GMT+2.
United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on October 8, 15:30 GMT+3.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
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
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.
|
