Gold is nearly intact ahead of Fed minutes
On Wednesday, gold was nearly intact in Asia due to the fact that traders waited for the minutes of the US major bank’s January meeting…
Middle East tensions underpin gold
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.
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Most Asian stocks post strong revenues with Nikkei rising more than 2%
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 real wages surge is slowest in almost two years
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