In Asia gold drops moderately

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.

Similar

Gold declines on Fed remarks

On Wednesday, gold headed south and kept to a one-year minimum due to the fact the evergreen buck managed to strengthen on Fed Chair’s remarks, which backed views that the US major financial institution considers lifting its interest rates this year…

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera