Gold rebounds in Asia as BOJ and Fed reviews awaited

September 20, 2016

On Tuesday, gold prices rebounded in Asia as market participants looked ahead to major bank policy reviews in Japan and American on Wednesday.

In New York, December delivery gold futures rose 0.11%, trading at $1,319.15 per troy ounce.

Meanwhile, December delivery silver futures gained 0.04%, being worth $19.297 per troy ounce, while copper futures sank 0.19%, reaching $2.151 a pound.

Overnight, gold prices held on to overnight revenues during North America's trading session, as the evergreen buck slumped amid hopes of no rate change from the Federal Reserve this week.

The Fed Reserve isn’t supposed to take action on interest rates at the conclusion of its two-day policy gathering on Wednesday. Additionally, Fed Chair Janet Yellen is expected to hold what will be a closely-watched press conference just 30 minutes after the issue of the US major bank’s statement, as traders look for any change in tone regarding the US economy or future rate lifts. 

Publication source
FBS information  FBS reviews

October 21, 2016
Gold prices drop in Asia amid stronger greenback
On Friday, gold dropped during Asia trade amid a strengthening greenback as well as surging chances of a rate hike weighing on the hedge commodity...
October 21, 2016
ECB holds the rate unchanged with the pressure on Draghi
After a brief upturn seen in the late Asian trading, the currency retreats to the Wednesday close showing a tepid response to the ECB policy update. The New York FED leader William Dudley comments offered a support to the Dollar rally although the focus remained on the US inflation...
October 21, 2016
EURGBP Tests Major Support
This morning we saw the release of German PPI YoY and MoM figures for September. The former fell to -1.4%, compared to expectations of -1.2%. The latter was -0.2%, in line with expectations...

Larson&Holz IT Ltd Rating
FXCM Rating
HYCM Rating
FBS Rating
FIBO Group Rating
Fort Financial Services Rating

Binary Brokerz Rating
365BinaryOption Rating
IQ Option Rating
24option Rating
Anyoption Rating
OptionBit Rating