Gold surges a bit
On Friday, gold headed south…
Gold sinks moderately in Asia
On Tuesday, gold sank a bit in Asia, with language from the Federal Reserve after its Wednesday’s rate announcement considered to be key for direction.
February delivery gold futures dived 0.06% in New York being worth $1,246.10 a troy ounce.
Overnight, gold was still pressured notwithstanding weakness in the greenback as data disclosed money managers dared to slash their bullish bets on gold to a 17-week minimum ahead of a widely aniticpated Federal Reserve interest rate lift.
Fresh from a three-week losing marathon, the number one precious metal struggled to pare recent losses as market participants waited for the final Federal Reserve gathering of the year slated to get underway on Tuesday, while a policy decision will emerge on Wednesday.
Apart from the policy decision on interest rates, market participants are also expected to digest the Fed’s update to the summary of economic projections for further clues on upcoming monetary policy.
Similar
Gold goes up on weaker greenback
On Tuesday, the yellow metal managed to surge in Asia…
Gold adds as greenback dives on Powell
On Wednesday, the yellow metal faced its greatest one-day profit for more than a month, with Act One of the Federal Reserve and Act Two expected to be uncovered tomorrow…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
