On Thursday, gold extended a mild revival in the face of mixed American data as well as a stock market stabilizing near record maximums…
In Asia gold drops moderately
On Wednesday, gold slumped modestly in Asia after several days of profits and amid everlasting doubts as for the prospects for the greenback.
August delivery gold futures sank 0.08% hitting $1,240.76 in New York, staying higher than yesterday.
As for copper futures, they nearly didn’t change, sticking to $2.725 a pound, sinking 0.07%.
China unveiled second quarter GDP surge earlier this week, with a profit of 1.7$, which generally fit expectations and a year-on-year soar of 6.9%, which turned to be modestly higher than the anticipated 6.8%. Simultaneously, China posted that industrial output grew 7.6% in June from the previous year, while retails sales gained 11% in June.
A weaker greenback has helped to underpin market sentiment as well as gold prices. Currently, the market is looking towards Thursday and a gathering of the European Central Bank for fresh clues on whether the EU’s major financial institution will drift away from ultra-easy policy.
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…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
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…