Gold sinks in Asia, remaining backed on Middle East tensions

Gold sinks in Asia, remaining backed on Middle East tensions

On Friday, gold went down in Asia, while being backed due to Middle East tensions between Saudi Arabia and Iran and an approaching summit in Vietnam among Asia-Pacific nations.

December delivery gold futures slumped 0.11% in New York trading at $1,286.13 a troy ounce.

Overnight, gold climbed up to three-week maximums amid a decline in the greenback on fears that the Senate would postpone corporate tax cuts until 2019.

Gold contributed to revenues from Wednesday’s trading session after the US currency dived on reports that on Thursday Senate Republicans will suggest delaying a cut in the corporate tax rate to 20% from 35% until 2019.

The very news of a probable delay to corporate tax cuts reversed recent risk-on sentiment, driving a flight-to-safety as investors happened to unwind their bullish bets on risky assets that followed on hopes that President Trump’s tax-reform plans would be operative before year-end.



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


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