empty
 
 

03.08.202613:37:26UTC+00Gold Flat as Weaker Dollar Counters Easing Geopolitical Risks

Gold hovered near $4,030 an ounce on Monday, with prices largely steady as investors weighed support from a weaker US dollar against softer safe-haven demand amid easing geopolitical tensions. Oil prices slumped as growing optimism over a possible US-Iran agreement tempered inflation concerns and reduced expectations that interest rates would stay higher for longer.

US President Donald Trump said new talks with Iran would begin on Monday after he decided against launching a fresh attack, though Iran denied that any negotiations with Washington were taking place. Gold also drew support from a declining US dollar, which fell to its lowest level since mid-June after authorities intervened in the foreign exchange market to bolster the yen.

Market participants now turn their attention to a series of US labor market indicators, culminating in Friday’s nonfarm payrolls report, for further guidance on the Federal Reserve’s policy outlook.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback