Spot gold rallied to more than a 10-month high in January after oscillating in a broad $1,180-1,235 range for a major portion of the second half of 2018.
China’s factory orders fell for the second month in a row, with the Caixin/Markit Purchasing Managers Index (PMI) indicating further contraction in the country’s manufacturing activity in January.
Japan’s international-trade balance jumped to a whopping ¥139.56-billion surplus in September, after registering two successive months of deficits. The trade numbers came in better than Street expectations of a ¥50-billion deficit but narrowed considerably from the ¥654-billion surplus
The mid-term polls in the United States are expected to be held on November 6 of this year, with the Republicans currently controlling both chambers of the Congress: the Senate and the House of Representatives.
In the United States, commercial crude-oil, gasoline and distillate-fuel inventories fell more than expected in the week ending August 24, according to the US Energy Information Administration’s (EIA’s) weekly inventory report.