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On Friday, gold drifted weaker in Asia on political risk worries because a dramatic inter-party showdown loomed in America as on Thursday, the votes required to replace the Obama-era healthcare law fell short y and Donald Trump's office informed that he wanted an up-or-down decision already on Friday.
In New York, April delivery gold futures sank 0.28%, hitting $1,243.75 a troy ounce. Besides this, copper futures tumbled 0.98%, trading a $2.625.
Republican leaders failed to gain enough support to pass the GOP bill in a scheduled Thursday vote in the House. At a Republican House caucus gathering Thursday night, Mick Mulvaney, Office of Management and Budget Director told that if Donald Trump doesn’t get a vote on the bill, he’ll move on to other goals and leave the ACA, also dubbed Obamacare, in place.
A strike at BHP Billiton’s Escondida copper mine in Chile, the world's number one copper mine, is supposed to end after employees decided to invoke a rarely utilized legal provision to enable them to extend their old contract.
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On Thursday, the yellow metal headed south in Asia due to the fact that recent economic data indicated an improved economic surge outlook and also put pressure on the safe-haven commodity…
On Wednesday, gold was nearly intact, sticking with a four-month minimum because better-than-anticipated economic data from China kept global appetite for risky assets healthy and also tamed demand for havens…
On Tuesday, the yellow metal went down in Asia against the backdrop of more positive developments in the China-US trade negotiations…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
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…
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