Trading news

Gold trading higher in Asian session

Gold escalated during the Asian trading session, amid the investors taking into consideration the Federal Reserve's meeting minutes to come up with valid predictions for a probable rate hike in 2017.

Gold trades to $1,171.95

February's gold delivery, on the New York Mercantile Exchange of the Comex division, traded to $1,171.95 a troy ounce, rising 0.57%.

Silver futures, for delivery in March, reached $16.587 a troy ounce, adding 0.21%, and copper futures to $2.552 a pound, declining 0.23%. Copper futures traded to $2.549 a pound, jumping 2.4% or 6.0 cents.

Moreover, China's Caixin services PMI ticked higher than 53.3, rising to 53.4.

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Thursday, 05 Jan, 2017 / 1:28

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/gold-trading-higher-in-asian-session

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