Gold revives from 6-week minimums ahead of Yellen speech

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.




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

Beginner Forex book will guide you through the world of trading.

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