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Gold flat after Jerome Powell hawkish speech; focus on economic data Gold prices were flat on Monday as Federal Reserve Chair Jerome Powell's hawkish commentary doused expectations that the U.S. rate-hiking cycle was nearing an end, with investors awaiting economic data this week for confirmation on rate trajectory. FUNDAMENTALS * Spot gold was little changed at $1,915.79 per ounce by 0105 GMT, U.S. gold futures gained 0.2% to $1,943.60 as investors awaited key economic data including the U.S. non-farm payroll report on Friday. * Any thoughts that...
Gold flat after Jerome Powell hawkish speech; focus on economic data
Gold flat after Jerome Powell hawkish speech; focus on economic data
Source: Reuters
28/08/2023 9:01:46 AM
Dollar steadies as China COVID fears linger The dollar pared some of its strong overnight gains on Tuesday after investors flocked to the safe-haven currency on nerves over China's COVID flare ups, though cautious risk sentiment kept the greenback in demand. The fresh bout of risk aversion had weighed particularly on the antipodean currencies - often used as liquid proxies for the Chinese yuan - with the Aussie sliding nearly 1% overnight. It last gained 0.12% to $0.6614. The kiwi fell more than 0.8% and was last 0.15% higher...
Dollar steadies as China COVID fears linger
Dollar steadies as China COVID fears linger
Source: Reuters
22/11/2022 9:30:53 AM
Gold rises as dollar pauses advance; focus on Fed minutes Gold rose on Tuesday, recouping some of the last session's declines, as the dollar eased, with the focus turning to minutes from the U.S. Federal Reserve's latest meeting for clues on future rate hikes. Spot gold rose 0.3% to $1,743.07 per ounce by 0215 GMT. U.S. gold futures gained 0.3% to $1,744.50. Bullion fell for a fourth straight session on Monday as investors preferred the safety of the dollar amid fresh COVID-19 curbs in China. [USD/] On Tuesday, the dollar paused its...
Gold rises as dollar pauses advance; focus on Fed minutes
Gold rises as dollar pauses advance; focus on Fed minutes
Source: Reuters
22/11/2022 8:51:11 AM
Oil prices extend decline on recession fears, China COVID curbs  Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China. Brent crude futures fell 51 cents, or 0.5%, to $93.78 a barrel by 0033 GMT. U.S. West Texas Intermediate crude was at $88.66 a barrel, down 69 cents, or 0.8%. Both benchmarks fell 2% in the previous session. The International Monetary Fund on Tuesday cut its global growth forecast for 2023 and ...
Oil prices extend decline on recession fears, China COVID curbs
Oil prices extend decline on recession fears, China COVID curbs
Source: Reuters
12/10/2022 9:06:10 AM
Gold slips as Fed minutes, inflation data loom Gold prices inched lower on Wednesday as traders looked forward to U.S. Federal Reserve minutes and key inflation data for clues on the pace of future interest rate hikes. FUNDAMENTALS * Spot gold fell 0.1% to $1,663.60 per ounce, as of 0055 GMT, hovering close to a one-week low touched on Tuesday. * U.S. gold futures were down 0.8% at $1,673.30. * The dollar index and benchmark U.S. 10-year Treasury yields were steady in early Asian hours. * The Federal Open Market Committee w...
Gold slips as Fed minutes, inflation data loom
Gold slips as Fed minutes, inflation data loom
Source: Reuters
12/10/2022 8:54:52 AM
Rupee likely flat at open on dollar strength, oil decline  The Indian rupee is tipped to open flat to the dollar on Wednesday on more losses on Asian currencies and a further pullback in oil prices. The rupee is likely to open at 82.30-80.32, compared with the previous closing of 82.3125. The local unit on Tuesday traded in a narrow range, bucking the broad decline in Asian peers, thanks to likely dollar sales by the Reserve Bank of India. The central bank was persistently offering dollars at 82.38-82.40 through state-run banks, according...
Rupee likely flat at open on dollar strength, oil decline
Rupee likely flat at open on dollar strength, oil decline
Source: Reuters
12/10/2022 8:44:22 AM
Rupee weakens against US dollar on Tuesday Indian rupee weakened against the US dollar on Tuesday tracking weak equities and persistent foreign funds outflows in the capital market. Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,278.42 crore on Monday, exchange data showed. Further, soaring energy prices also put pressure on emerging market currencies. In the previous session, the rupee had declined by 4 paise to hit a record closing low of 78.37 against US dollar amid...
Rupee weakens against US dollar on Tuesday
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
28/06/2022 12:25:38 PM