Gold surges in early Asia trade

Gold surges in early Asia trade

On Monday, gold soared in early Asia, as market participants see a week of political risk events, including the UK’s move to formally start its break from the EU.

Prime Minister Theresa May is going to set out how her government intends to restore sovereignty over the UK’s laws on Thursday, releasing a detailed paper on ending the supremacy of European lawmakers.

In New York, April delivery gold futures added 0.73%, trading at $1,252.90.

In the week ahead, market participants will be continuing to watch political developments in America because Trump’s promised tax reforms attract attention. Expectations that the Trump administration would stimulate growth and inflation via fiscal stimulus pushed the greenback to 14-year peaks in the weeks after the election.

However, the US dollar has dropped in recent week as it turned apparent that the White House would face difficulty in delivering on its legislative agenda.

Similar

Popular

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…

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