On Thursday, gold extended a mild revival in the face of mixed American data as well as a stock market stabilizing near record maximums…
Gold tacks on in Asia ahead of G7 meeting
On Friday, gold tacked on in Asia, with a gathering of top finance officials from the world's leading economies in Italy at the weekend to talk about issues from trade to currencies.
In New York, June delivery gold futures grew 0.21%, being worth $1,226.75.
Overnight, gold prices ascended, buoyed by a weaker greenback notwithstanding the publication of upbeat economic data.
Gold futures overleapt eight-week minimums amid political turmoil in Washington, right after Trump unexpectedly sacked FBI chief James Comey. Nevertheless, profits were capped by better than expected producer inflation as well as labor market data.
The US Labor Department told its producer price index, assessing inflation before it hits the consumer, tacked on 0.5% in April, which is above expectations for a 0.2% soar.
The overall number of Americans, who opted for unemployment insurance by May 6, sank to 236,000, which is a more than 28-year minimum.
Bulls could not hold yesterday's gains for USD/JPY.
On Wednesday, the yellow metal surged because a leap in shares, which took two of the three key American stock indexes to record peaks, cooled…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…