On Thursday, gold extended a mild revival in the face of mixed American data as well as a stock market stabilizing near record maximums…
Gold revives from 6-week minimums ahead of Yellen speech
On Tuesday, gold soared in European trade, reviving from the previous session's six-week minimum because traders looked ahead to comments from Fed Chair Janet Yellen for further signs as for the US major bank's probable rate lift trajectory through the end of 2017.
In New York, gold futures showed $1,251.60 a troy ounce, ascending about 0.4%. The commodity edged down to its lowest value since May 17.
On Monday, gold went down steeply, with prices marking their first dip in four sessions because a huge sell order as well as a stronger greenback impacted sentiment.
Meanwhile, silver futures tacked on 0.4%, demonstrating $16.63 a troy ounce, reviving from the previous session's seven-week minimum of $16.22.
The Fed lifted interest rates for the second time in 2017 and also kept to plans to go ahead with another rate lift by year-end.
Besides this platinum grew 0.7%, trading at $924.15, palladium jumped 0.3%, being worth $866.52 an ounce.
Bulls could not hold yesterday's gains for USD/JPY.
On Wednesday, the yellow metal surged because a leap in shares, which took two of the three key American stock indexes to record peaks, cooled…
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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…