Gold sags in Asia with Fed meeting in focus

Gold sags in Asia with Fed meeting in focus

On Monday, gold sagged in Asia, with views ahead of the June policy review by the major US bank for the number one precious metal.

August delivery gold futures tumbled 0.21%, trading at $1,268.75 at troy ounce in New York.

In the week ahead, market participants will shift their attention to Wednesday’s Federal Reserve policy gathering, where the major US financial institution is supposed to deliver its second rate lift so far this year. Additionally, financial markets will also pay attention to major bank meetings in Japan, Switzerland and Great Britain.

The previous week, gold went down for a third day because the stronger greenback weighed after UK elections failed to deliver a clear majority for Prime Minister Theresa May, thus sending the British pound steeply lower.

The shocking British election result contributed to political risks surrounding the approaching Brexit talks, sending sterling down.


US Retail Sales

A change in retail sales is one of the most important economic indicators for the US economy and the USD.

Gold inches up

On Thursday, gold managed to gain due to the fact that the evergreen buck gave up some of its revenues, while relieving trade-war worries assisted traders in cutting bearish bets on other commodities…


Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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