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On Tuesday, gold came off recent revenues in Asia, with market participants alert to probable comments by American Vice President Mike Pence, scheduled in Tokyo for negotiations with Japan's leadership, including on ongoing tension on the Korean peninsula.
In New York, June delivery gold futures dipped 0.61%, trading at $1,284.00 a troy ounce. As for copper futures, they were last quoted down 0.39%, showing $2.587 a pound.
Overnight, gold prices soared, as market participants kept backing the number one precious metal amid geopolitical worries, while downbeat economic data powered market sentiment.
Gold futures made a decent start to the week, notching a five month peak earlier during the trading session, as market participants kept pouring into safe assets, including gold amid soaring geopolitical worries.
Geopolitical tensions over North Korea rose, after on Sunday North Korea tried to fire a ballistic missile, though it exploded almost immediately. By the way, North Korea kept conducting missile tests notwithstanding renewed efforts by China to convince North Korea to change course.
On Thursday, gold declined notwithstanding a weakening evergreen buck in the face of ebbing trade fears, as market participants waited for economic data later in the trading session and also looked ahead to the Fed’s policy gathering next week…
On Monday, gold managed to surge due to the fact market participants questioned the greenback jump’s near-term durability…
On Friday, gold managed to rally due to the fact that American leader shockingly impacted market optimism generated by the probability of renewed trade negotiations between China and America…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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