Gold sticks to 3-week minimums in busy week

Gold sticks to 3-week minimums in busy week

On Monday, gold hovered around the intact mark because investors looked forward to a busy week for economic reports in addition to the latest Fed policy decision.

In New York, December delivery gold futures tacked on 0.05% reaching $1.272.44 a troy ounce.

It turned to be off Friday’s intraday minimum of about $1,263.80, which is its lowest value since October 6.

Market participants are going to focus on the Fed’s interest rate verdict out on Wednesday because they require fresh clues on the probable trajectory of monetary policy. The Fed isn’t actually believed to make a move this week, with financial markets putting odds at approximately 98% for the next rate lift to emerge at the end of 2017.

Additionally, this week investors are waiting for Donald Trump's decision on who will replace current Fed Chair Janet Yellen when her term expires in February, with sources telling the most real nominee is Jerome Powell.


Crude is still backed

On Friday, oil was still underpinned amid everlasting optimism as for the rebalancing of the crude market, while the partial closure of the major North-American pipeline generated supply disruption worries…

Gold is nearly intact

On Friday, gold was nearly intact because the US currency started mildly recovering from steep losses demonstrated in the previous trading session…


promotions you can be interested in

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