Events in Libya pushed the oil price up. So what's the strategy to benefit from it?
Gold soars in Asia due to NKorea missile test
On Friday, gold grew in Asia after North Korea launched a ballistic missile over the northern Japan island of Hokkaido. It drew a fresh line in the sand for America as well as its allies to respond.
December delivery gold futures rallied 0.46% in New York being worth $1,335.36 a troy ounce.
Overnight, the precious commodity ascended for the first time in three days after the evergreen buck was pressured, although revenues were capped as data disclosed that the pace of American consumer prices reached a 7-month maximum in August backing expectations for a Fed rate lift later in 2017.
Gold stopped a three-day losing streak because the greenback slumped notwithstanding inflation and jobs data topping hopes, thus hinting to an improving American economy that could influence the major US bank to stick to its plan to raise interest rates at least once more in 2017.
Gold is traditionally sensitive to fluctuations in American interest rates.
The oil prices experienced significant losses amid the US-Iran tensions at the beginning of the year. What's next?
Iran retaliates, Donald Trump will announce the next step by the US today. Gold flies up to $1,600 per ounce.
To be considered an official law, the Brexit paper just needs a signature of the Queen now. How does that affect the GBP?
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.