Gold sinks in Asia with markets waiting for clues from Fed

Gold sinks in Asia with markets waiting for clues from Fed

On Monday, gold dived in Asia, with financial markets waiting for the Fed comments this week after it reviews its interest rates.

February delivery gold futures gained 0.11% showing a reading of $1,249.80 a troy ounce in New York.

This week the Fed is generally expected to raise its rates approximately by a quarter point.

The previous week on Friday, gold edged down to a four-month minimum low and reported the largest weekly dive since May after Friday’s stronger-than-anticipated American jobs report underlined hopes for a rate lift by the Fed at its upcoming gathering.

In November, the American economy generated up to 228,000 jobs, according to the Labor Department. The given outcome exceeded the 200,000 estimate by financial experts, while the unemployment rate was intact at 4.1% for a second consecutive month.

In the USA wages gained 0.2% for the month as well as 2.5% from 2016 that happened to be below estimates of respectively 0.3% and 2.7%.


Gold fell below $1,700

Gold (XAU/USD) is declining for the second day in a row. The reason of such a dynamic is that investors have turned to stocks.

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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