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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, the yellow metal headed south in Asia due to the fact that recent economic data indicated an improved economic surge outlook and also put pressure on the safe-haven commodity…
On Wednesday, gold was nearly intact, sticking with a four-month minimum because better-than-anticipated economic data from China kept global appetite for risky assets healthy and also tamed demand for havens…
On Tuesday, the yellow metal went down in Asia against the backdrop of more positive developments in the China-US trade negotiations…
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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…
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