Gold dives to 3-week minimum
On Tuesday, the yellow metal demonstrated its lowest value for three weeks…
Gold tumbles in Asia
On Thursday, gold grew with demand prospects in the world's leading, India and China, in focus with physical and exchange traded fund demand on expectations that tax reform by New Delhi could potentially cut the cost of bullion imports. Moreover, Chinese buyers look for a hedge for a weaker currency.
In New York, April delivery gold futures dipped 0.14%, trading at $1,251.90 a troy ounce. In addition to this, copper futures reached $2.676 a pound.
Overnight, gold traded moderately lower, suppressed by a soar in the greenback, which kept reviving from multi-month minimums after the issue of positive economic data.
Gold sank to a session minimum of $1,246.50, as stronger than expected American home sales data backed the narrative of a stronger American economy, which pushed the greenback to session peaks. The US National Association of Realtors informed that last month its pending home sales grew by 5.5%, which turned to be far above economists’ forecast of a 2.4% soar.
Similar
Gold goes down to 2019 minimum
On Monday, gold headed south to its lowest value of the year due to the fact that investor appetite for risk was still firm notwithstanding data disclosing that China's 2018 economic surge speeded down to a near three-decade minimum…
Gold approaches $1,300 once again
Britain’s economic and political issues along with a no-confidence vote on Prime Minister Theresa May following her unsuccessful Brexit deal vote gave gold traders a hope of getting back to maximums of above $1,300 an ounce…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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…
Deposit with your local payment systems
