Skip to main content

RoyalTraders live news update:

RoyalTraders
Call@9719001941
www.RoyalTraders.co
Best Accuracy For Royal Traders...

RoyalTraders live news update:

Gold little changed as dollar steadies, Korean tensions ease

Gold prices were little changed on Monday as investor interest in the yellow metal dropped as the U.S. dollar steadied and there were signs of easing tensions on the Korean peninsula, reducing the safe-haven demand for gold.
Spot gold XAU= fell 0.1 percent to $1,320.80 per ounce at 0428 GMT. U.S. gold futures GCcv1 for June delivery declined 0.1 percent to $1,322 per ounce. Gold is set for a slight monthly decline of 0.2 percent for April
"Gold is still tracked very closely with the dollar," said Helen Lau, analyst at Argonaut Securities.
The dollar index .DXY , which touched a 3-1/2-month high of 91.986 on Friday, was steady at 91.552. USD/
Markets were mostly quiet on Monday with Japan, China and India on holiday and as much of Asia will be closed on Tuesday.
"Geopolitical risks also seem to be turning around... Everybody want to comes to the table and negotiate a deal," Lau added.
At their summit on Friday, North Korean leader Kim Jong Un Kim and South Korean President Moon Jae-in declared they would take steps to formally end the 1950-53 Korean War, which ended only with a truce, and work towards the "denuclearisation" of the Korean peninsula. a delegation of U.S. officials, including Treasury Secretary Steven Mnuchin and President Donald Trump's top economic and trade advisers are all expected in China later this week for trade negotiations. is often used as a store of value during times of financial or political uncertainty.
"Gold positions continued to be rolled back as the markets are adjusting portfolios given the increased potential for the dollar to rise in the weeks ahead becomes a reality," said Stephen Innes, APAC trading head at OANDA.
Hedge funds and money managers trimmed their net long position in COMEX gold contracts and switched to a net long position in silver contracts in the week to April 24, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. gold looks neutral in a range of $1,317-$1,326 per ounce, and an escape could suggest a direction, according to Reuters technical analyst Wang Tao. other precious metals silver XAG= fell 0.1 percent to $16.47 per ounce but is set to rise 0.9 percent for the month.
Platinum XPT= fell 0.3 percent, to $907.60 per ounce and was on track to record its third consecutive monthly fall, down 2.1 percent.
Palladium XPD= was down 0.5 percent to $969 per ounce and is set for a 2 percent monthly gain.

Comments

Popular posts from this blog

LIVE CRUDE NEWS UPDATE BY DELTA RESEARCH

  Missed Call Or WhatsApp  Arushi Pathak 7900407979 www.deltamcx.com  Maximum Accuracy Best Returns Oil prices traded lower on Monday in Asia. Sino -U.S. trade war developments were in focus.U.S.  Crude Oil WTI Futures  fell 1.1% to $55.04 by 12:35 AM ET (04:35 GMT.). International  Brent Oil Futures  were down 1.2% to $61.16.Concerns that the U.S.-China trade war may further intensify eased somewhat after President Donald Trump reportedly said that proposed tariffs on China could be delayed or halted if Beijing “takes positive action.”During an interview with CNBC, Trump said that his administration could delay or halt the imposition of tariffs if China " takes positive action." The comments came on Friday, a day after Trump announced that the U.S. would impose new levies on $300 billion worth of Chinese goods, raising fresh fears about oil demand growth, sending oil prices tumbling 8% - their biggest one-day drop in more than four years.The t...

MID MONTH SPECIAL WITH ROYALTRADERS

RoyalTraders Call@9719026661 www.RoyalTraders.co Best Accuracy For Royal Traders Mid Month Special: Join Today Bullion+ Energy+Basemetal Pack @ Rs.10001 For 100 Days With 98% Royal Accuracy Monthly Guaranteed Profit Rs.1.5 -2Lacs Valid Till 2 PM Call-9719036174 www.RoyalTraders.co

Honest Updates

Oil jumps after Saudis, Russia say supply cut to be extended to March 2018 Oil prices jumped on Monday after the energy ministers of top producers Saudi Arabia and Russia jointly said that an OPEC-led crude production cut would be extended from the middle of this year until March 2018. FOR JOINING OUR SERVICES LOG ON www.honestadvise.com OR CALL @7617537676