Gold soars in Asia on geopolitical tensions

Gold soars in Asia on geopolitical tensions

On Wednesday, gold rallied in Asia because a fresh Twitter taunt by Donald Trump to North Korean leader Kim Jong-un definitely rekindles the stakes on a nuclear weapons stance.

February delivery gold futures rallied 0.26% being worth $1,319.50 a troy ounce.

In his tweet Donald Trump informed that his nuclear button appears to be much bigger and also much more powerful than Kim Jong-un’s one.  

Overnight, the number one precious metal edged up amid everlasting dollar weakness. Meanwhile, soaring geopolitical uncertainties underpinned market sentiment, including ongoing protests in Iran.

Gold tacked on to three-month maximums and also remained on track to demonstrate their longest winning marathon since 1971, the end of the gold standard, underpinned mostly by a greenback dive to three-month minimums.

The soar in gold emerged as data demonstrated that market participants kept increasing their bullish bets on gold.

Similar

Latest news

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

Callback

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