Gold always keeps its value and earns huge profits no matter whether the prices are rising or falling. Take the chance and think of gold trading now.<\/b><\/p>\n
Gold prices rose on Wednesday, reaching a four-month high. This growth comes right after a drop in the US dollar against other major currencies. Gold futures for February advanced 0.32%, or $6.80, settling the price of gold to $1.320 per ounce after reaching a high of $1328.60, the highest since Sept. 15.<\/p>\n
At the same time, the dollar index, which measures the performance of the greenback against a range of major currencies, fell 0.4%. Thus, the USD declined by more than 1% against the Japanese yen, after the Bank of Japan\u2019s decision this week to cut the purchases of long-term government bonds. This made the US currency carry out its biggest pullback in about eight months against the Japanese yen.<\/p>\n
Since most traded commodities are priced in US dollars, the weakness of the greenback can provide strong support for assets such as gold, making it much more appealing to investors. The decline in the dollar was also the result of comments by several members of the Federal Reserve, which raised some doubts about the pace of interest rate increases in 2018. Some suggest that the increases are likely to exceed the two or three which are expected, due to fears that fiscal stimulus could heat up the pace of the economy.<\/p>\n
US earnings were already rising on Tuesday after the Bank of Japan decided to cut its bond purchases, creating chatters that the Bank of Japan is preparing to end years of monetary policy. The bonds also continued to sell on Wednesday after Bloomberg reported that China was considering halting or reducing its purchases of US government bonds. China, according to analysts, found that US bonds are becoming less attractive and that trade tensions with the US could provide a reason to stop buying US government bonds.<\/p>\n
Saxo Bank’s head of commodity strategy declared that the main supply of bonds from the United States, the United Kingdom, Japan and Germany hit the market at a time when concerns were raised that the bond market, which lasted more than 25 years, could come to an end. However, real returns, considered to be an important driver of gold, remain limited, with rising nominal yields in the US offset by high inflation expectations.<\/p>\n
There is no doubt that the gold is strongly recovering, and it is not possible to break the gold barrier less than 1.270 dollars an ounce.<\/p>\n
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Gold always keeps its value and earns huge profits no matter whether the prices are rising or falling. Take the chance and think of gold trading now. Gold prices rose on Wednesday, reaching a four-month […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[62,4],"tags":[50,77,53,78,56,55,54,76,81],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/255"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=255"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/255\/revisions"}],"predecessor-version":[{"id":257,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/255\/revisions\/257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/256"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}