Gold surges a bit in Asia after fresh NKorea missile launch

Gold surges a bit in Asia after fresh NKorea missile launch

On Wednesday, gold didn’t manage to grow a lot in Asia following a fresh ballistic missile test by North Korea.

In New York, December delivery gold futures added no more than 0.02% showing an outcome of $1,293.60 per troy ounce.

Overnight, the number one precious commodity pared its revenues because reports informing that North Korea launched another ballistic missile failed to underpin safe haven demand.

Early on Wednesday North Korea dared to launch another ballistic missile from an area near Pyongyang, as South Korea’s military told, while the Japanese authorities stressed the missile fell in Japan’s exclusive economic zone.

As the Pentagon told, it was an ICBM. Japan PM Shinzo Abe called an emergency meeting of cabinet ministers over the missile test.

Besides this, gold was also underpinned by remarks from Fed Chair designate Jerome Powell. His comments were in line with the widely held view that the upcoming Fed Governor is going to adopt a similar stance to Janet Yellen on the US monetary policy.

Similar

Gold slumps to 1-week minimum as greenback is still backed

On Wednesday, gold declined to one-week minimum because strength in the evergreen buck kept weighing, in spite of the fact caution ahead of the minutes of the Fed’s latest gathering along with uncertainty surrounding a huge American debt auction this…

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

promotions you can be interested in

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