Gold sinks in Asia as NKorea and weekend of polls mulled

Gold sinks in Asia as NKorea and weekend of polls mulled

On Monday, gold tumbled moderately in Asia after a weekend in which Germany and New Zealand went to surveys to both produce results, which pointed to lengthy negotiations to form coalition government. Additionally, traders watched the USA and North Korea boosted a war of words.

December delivery gold futures went down 0.07% being worth $1,2962.60 a troy ounce in New York.

In Germany, the far-right AfD party managed to grasp a shockingly huge percentage of the overall vote. With the outcome of 13.5% they finished third and entered the German parliament for the first time.  Chancellor Angela Merkel's CDU along with Bavarian allies, the Christian Social Union (CSU), took 32.5%, thus becoming the largest parliamentary group.

Meanwhile, in New Zealand, Bill English's National Party as well as the Labour party will fight for the support of kingmaker Winston Peters, not to mention his New Zealand First Party.

Similar

Crude is still backed

On Friday, oil was still underpinned amid everlasting optimism as for the rebalancing of the crude market, while the partial closure of the major North-American pipeline generated supply disruption worries…

Gold is nearly intact

On Friday, gold was nearly intact because the US currency started mildly recovering from steep losses demonstrated in the previous trading session…

Popular

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…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later