Gold stands still at the beginning of busy week

Gold stands still at the beginning of busy week

On Monday, gold didn’t change in European morning trade because traders looked ahead to comments from major Fed officials as well as a bunch of US economic reports in the week ahead for fresh signs of the major bank's probable rate hike trajectory through the end of 2017.

In New York, gold futures demonstrated $1,255.73 a troy ounce, losing less than 0.1%. On Friday, the number one precious metal ascended for a third session in a row, extending its profits from a five-week minimum of $1,241.70 reached the previous week.

Additionally, silver futures tacked on approximately 0.2%, showing $16.67 a troy ounce.

On Tuesday, investors are supposed to pay much attention to comments from Fed Chair Janet Yellen because they look for more hints as for the timing of the upcoming American rate lift as well as clues on how the major bank intends to pare back its balance sheet.

Apart from that on Thursday market participants will pay attention to the final reading of American first-quarter economic surge for further evidence on the health of the world's number one economy.


US Retail Sales

A change in retail sales is one of the most important economic indicators for the US economy and the USD.

Gold inches up

On Thursday, gold managed to gain due to the fact that the evergreen buck gave up some of its revenues, while relieving trade-war worries assisted traders in cutting bearish bets on other commodities…


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…

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