Gold moderately ascends, while keeping to this year’s low
On Tuesday, gold changed insignificantly, keeping close to the minimum of 2018, which was recorded at the last trading session…
Gold sinks in Asia after sudden positive Caixin June PMI
On Monday, gold dived in Asia, following a sudden positive reading in the China Caixin PMI for June.
In New York, August delivery gold futures tumbled 0.33%, trading at $1,238.17 a troy ounce.
In June, Caixin's China manufacturing PMI managed to surpass expectations, giving traders a hope that the Chinese economy keeps ruining expectations for a slowdown.
The previous week, gold decreased at the close and posted their first weekly dip since March as a soar in global bond yields tamed traders’ demand for the major precious metal.
Gold concluded the first half of 2017 with a profit of 8%, underpinned by a sag in the greenback to its year’s lows.
Apparently, gold prices were under pressure amid signs that several key financial institutions around the world are on the verge of joining the Fed in tightening monetary policy.
Traders’ hopes mounted for tighter monetary policy around the world after the heads of the ECB, the Bank of England as well as the Bank of Canada demonstrated a more hawkish view on monetary policy.
Similar
Gold inches down to year’s minimum
On Monday, market participants were selling metals as well as other assets, which are traditionally referred to as "safe havens" due to the weakening fears of a trade conflict between the United States and China…
Gold heads south on soaring greenback
On Friday, demand for gold slumped in the face of the growth of the evergreen buck…
Popular
America will probe German and Japanese car makers over alleged patent violations
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
Gold edges down toward 3-week minimum after Congress hits spending deal
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
Crude edges down in Asia on Caixin PMI
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Deposit with your local payment systems
