Gold soars in Asia on Fed rate views

September 13, 2016

On Tuesday, gold gained during early Asia trade with views on chances for an American rate lift next week squarely in focus. Additionally, Chinese optimistic data on industrial production shrugged off in the case ofВВВ copper.

In New York, December delivery gold futuresВВВ grew 0.74%, hitting $1,335.45 per troy ounce. At the same time December delivery silver futuresВВВ gained 1.63%, trading at $19.310 per troy ounce. As for December delivery copper futures, they moved down 0.14%, being worth $2.104 per pound ahead of closely-watched data sets from China, which is the world's number one copper importer.

Meanwhile, China reportedВВВ that fixed asset investmentВВВ for August edged up 8.1%, which is better than the 8.0% year-on-year revenue observed, while industrial productionВВВ soared 6.3%, beating an expected 6.1% year-on-year growth. As for retail sales, they moved up 10.6%, ahead of the 10.3% leap observed.

Overnight, gold prices slumped because views on the prospect for a lift in American interest rates took center stage.

Publication source
FBS information  FBS reviews

December 9, 2016
Euro slips as ECB extends QE by 9-months
The single currency was weaker after the European Central Bank decided yesterday that it would continue with its bond purchases program. The ECB extended its QE plans from March 2017 to the end of the year...
December 9, 2016
The global stock market rally
The global stock market rally, which was underpinned by further ECB stimulus measures yesterday and a rise in oil prices, continued in Asia overnight, with most markets moving higher...
December 9, 2016
Markets throw caution to the wind
Markets have thrown caution to the wind when it comes to movements as of late as once again US equities set the scene with another stellar rise, though not as big as yesterdays...

Larson&Holz IT Ltd Rating
FBS Rating Trade Rating
FXCM Rating
OctaFX Rating
HotForex Rating

IQ Option Rating
OptionsXO Rating
OptionRally Rating
TropicalTrade Rating
Grand Option Rating
Porter Finance Rating