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On Monday, gold rallied in Asia, with tensions in the Middle East backing risk demand because Baghdad moved troops into the crude-rich Kirkuk region.
The previous week Trump was eager to question whether the US should continue with a landmark deal with Iran or not. It drove economic conflict worries too.
December delivery gold futures edged up 0.03% being worth $1,304.93 a troy ounce in New York.
This week, market participants are going to closely watch American housing data for the purpose of assessing the economic impact of the hurricanes that affected the southern US coast the previous month.
Chinese surge will be monitored for insight into the health of the world’s number two economy.
On Tuesday, British inflation data is going to be in focus amid rumors over a probable rate lift by the BoE already next month.
The previous week, gold rallied on Friday because weaker-than-expected American inflation spurred doubts over the Fed’s plans to lift interest rates once more in 2017.
On Thursday, gold tumbled in the face of a stronger US currency, getting closer to a six-month minimum because the Fed Chair officially confirmed an outlook for higher interest rates in America…
On Wednesday, gold went down in the face of a steady greenback as well as firmer stocks…
On Tuesday, gold slumped because worries over a potential trade conflict made traders look for refuge in the greenback, raising a benchmark index for the US currency to its highest value of 2018…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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