In Asia gold keeps revenues on risk-on sentiment over American politics

In Asia gold keeps revenues on risk-on sentiment over American politics

On Thursday, gold surged in Asia because risk-on sentiment was still in place on prospects for Donald Trump to push fresh economic policies amid a political backlash as for his recent firing for FBI Directors James Comey.

In New York, June delivery gold futures grew 0.14%, being worth $1,220.65 a troy ounce. As for copper futures, they tacked on 0.28%, hitting $2.502 a pound.

Overnight, gold ascended because market participants’ hunger for risk relieved after Trump suddenly fired Comey. Meanwhile, geopolitical worries as for North Korea got back because gold futures bounced off an eight-week minimum.

Additionally, the New York Times posted that just days before he was sacked, Comey asked the Justice Department for extra resources for the bureau's investigation into Russia's reported interference in the presidential election.

Besides this, geopolitical concerns underpinned gold’s rise after North Korean ambassador to Great Britain told that the country will get down to its sixth nuclear test.

Similar

Russian Oil Got Banned from Market
Russian Oil Got Banned from Market

This week started with the talk of the United States banning Russian oil exports, so XBR/USD saw $130 a barrel. Then the ban became reality. What does it really mean for the market?

Will oil change the trend after OPEC-JMMC meetings?
Will oil change the trend after OPEC-JMMC meetings?

On Wednesday, February 2, during the day, members of the Organization of Petroleum Exporting Countries (OPEC) and Joint Ministerial Monitoring Committee (JMMC) will discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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