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On Monday, the number one precious commodity sank in Asia, with risk assets taking a breather because Hurricane Irma’s losing intensity and a probable ICBM test by North Korea at the weekend didn’t occur.
December delivery gold futures lost 0.73% in New York offering an outcome of $1,341.33 a troy ounce.
In Florida, Hurricane Irma managed to knock out power to about 2.4 million homes as well as businesses on Sunday, thus threatening millions more as the natural disaster crept up the state's west coast. As a matter of fact full restoration of service will take much time, as local electric utilities informed.
However, after on Sunday Hurricane Irma affected Florida as a dangerous Category 4 storm, which is the second highest level on the five-step Saffir-Simpson scale, experts downgraded it to a Category 2 with sustained winds of about 110 miles per hour.
The previous week, gold grew to the highest value in a year because the greenback was still under pressure amid doubts over a probability of a third Fed rate lift in 2017.
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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