Gold slides in Asia on diving India’s physical support

Gold slides in Asia on diving India’s physical support

On Friday, gold slumped in Asia. It’s because support from physical demand during the festive season in India didn’t manage to back market sentiment.

December delivery gold futures dived 0.31% in New York being worth $1.286.01 a troy ounce.

Market participants will also monitor the upcoming election in Japan.

Overnight, gold edged up because a jump in political uncertainty in Spain put pressure on risk sentiment. Meanwhile, everlasting dollar weakness contributed to upside momentum in the number one precious commodity.

Also backing demand for gold was a dive in the evergreen buck amid a decline in treasury yields notwithstanding data indicating underlying strength in the American economy.

On Thursday, the Philadelphia Fed told that in September its manufacturing index inched up to 27.9, from 23.8, thus confounding experts’ forecast of an outcome of 22.

On Thursday, the US Department of Labor informed that initial jobless claims slumped 22,000 to a seasonally adjusted 222,000 by October 13.


Gold declines on Fed remarks

On Wednesday, gold headed south and kept to a one-year minimum due to the fact the evergreen buck managed to strengthen on Fed Chair’s remarks, which backed views that the US major financial institution considers lifting its interest rates this year…


Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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