News

World Bank chief Banga unveils new plans to boost lending `firepower` World Bank President Ajay Banga unveiled new plans on Tuesday to stretch the bank's balance sheet and help countries tackle climate change and other challenges, but said a capital increase would still eventually be needed. Banga, a former Mastercard CEO who took over the helm of the World Bank on June 2, announced the new proposals to "make our balance sheet work harder" during a meeting of finance officials from the Group of 20 major economies in Gandhinagar, India. The n...
World Bank chief Banga unveils new plans to boost lending `firepower`
World Bank chief Banga unveils new plans to boost lending `firepower`
Source: Reuters
18/07/2023 9:24:13 AM
Wall Street cheers cool CPI with stock rally; dollar, yields decline Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inflation data showed a slowdown in the seemingly relentless rise of consumer prices. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in prices of used motor vehicles. CPI advanced 3.0% in the 12 months through June, down from 4.0% in May and the smallest year-on-year ...
Wall Street cheers cool CPI with stock rally; dollar, yields decline
Wall Street cheers cool CPI with stock rally; dollar, yields decline
Source: Reuters
13/07/2023 9:05:10 AM
Gold range-bound as markets position for Powell`s testimony. Gold prices moved in a tight range on Wednesday after two-straight sessions of declines, as investors refrained from making large bets ahead of Federal Reserve Chairman Jerome Powell's congressional testimony. Spot gold held its ground at $1,937.26 per ounce by 0248 GMT. U.S. gold futures were almost unchanged at $1,948.40. "The expected sustained (Fed) tightening bias is weighing on gold. In this light, Chairman Powell's testimony could have a major short-term impact on th...
Gold range-bound as markets position for Powell`s testimony.
Gold range-bound as markets position for Powell`s testimony.
Source: Reuters
21/06/2023 8:53:08 AM
Dollar steady as traders consider Fed, global rates outlook The dollar was on the back foot on Thursday, though it drew some support from higher U.S. Treasury yields as traders contemplated the possibility of another rate hike by the U.S. Federal Reserve, even if it pauses next week. The increased expectations that U.S. and global interest rates may have further to rise has come on the back of surprise rate increases by the Bank of Canada (BoC) and the Reserve Bank of Australia (RBA) this week. The BoC on Wednesday hiked its overnight rate to a ...
Dollar steady as traders consider Fed, global rates outlook
Dollar steady as traders consider Fed, global rates outlook
Source: Reuters
8/06/2023 9:27:29 AM
Gold climbs on softer dollar as traders weigh Fed verdict Gold prices edged higher on Thursday, supported by a softer dollar, although bullion hovered near the previous session's lows as investors awaited cues from the U.S. Federal Reserve after the Bank of Canada hiked its rates to a 22-year high. Spot gold rose 0.4% to $1,946.47 per ounce by 0307 GMT, after shedding 1% in the previous session. U.S. gold futures edged 0.1% higher to $1,961.00. Gold has support from expectations of Fed holding rates next week with prices stuck in the $1,93...
Gold climbs on softer dollar as traders weigh Fed verdict
Gold climbs on softer dollar as traders weigh Fed verdict
Source: Reuters
8/06/2023 8:58:25 AM
Bank lifelines ease global financial crisis fears Multi-billion dollar lifelines for troubled U.S. and European banks shored up investor confidence on Friday and bolstered sentiment in battered stocks, although concerns now centre on whether a global financial crisis has been fully averted. Large U.S. banks injected $30 billion in deposits into First Republic Bank on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the past week. The package came...
Bank lifelines ease global financial crisis fears
Bank lifelines ease global financial crisis fears
Source: Reuters
17/03/2023 9:48:56 AM
US Treasury Secretary Yellen rules out bailout for Silicon Valley Bank US Treasury Secretary Janet Yellen on Sunday said that the federal government will not provide a bailout for Silicon Valley Bank's investors after the bank was abruptly shuttered, but said financial regulators are "concerned" about the impact to depositors and working to address their needs, media reports said. "During the financial crisis, there were investors and owners of systemic large banks that were bailed out," Yellen said in an interview, CBS News reported. ...
US Treasury Secretary Yellen rules out bailout for Silicon Valley Bank
US Treasury Secretary Yellen rules out bailout for Silicon Valley Bank
Source: IANS
13/03/2023 8:58:42 AM
Wall Street ends higher, Treasury yields rise after data flurry Wall Street shuffled to a modestly higher close on Friday and Treasury yields advanced as investors digested a deluge of economic data ahead of the Christmas holiday long weekend, capping a week fraught with worries over the Fed's restrictive monetary policy and related recession fears. All three major U.S. stock indexes ended the session green after waffling through much of the session, with investors showing little conviction as a raft of indicators pointed to economic softening, evi...
Wall Street ends higher, Treasury yields rise after data flurry
Wall Street ends higher, Treasury yields rise after data flurry
Source: Reuters
24/12/2022 9:18:09 AM
Stocks dip while U.S. crude gains on China hopes The S&P 500 closed lower on Tuesday as investors awaited guidance on the Federal Reserve's path of interest rate hikes, while U.S. oil futures gained on hopes China loosens COVID-19 restrictions that have fueled fears about the global economy. The U.S. dollar edged lower against the Japanese yen while the Aussie dollar jumped as sentiment improved on hopes China would ease on lockdowns after health officials discussed speeding up COVID vaccinations for elderly people. U.S. Treas...
Stocks dip while U.S. crude gains on China hopes
Stocks dip while U.S. crude gains on China hopes
Source: Reuters
30/11/2022 10:01:16 AM
Nasdaq falls and dollar rises on investor caution The Nasdaq closed Friday's shorter session lower with pressure from Apple Inc, while the dollar gained as investors shied away from risk as they worried about consumer spending and monitored China's reaction to a resurgence of COVID cases. Frustration simmered among residents and business groups in China as the government set stricter COVID-19 control curbs just weeks after hopes for easing restrictions had been raised. And market heavyweight Apple's shares were weighed down...
Nasdaq falls and dollar rises on investor caution
Nasdaq falls and dollar rises on investor caution
Source: Reuters
26/11/2022 10:43:42 AM
U.S. yields sink amid dovish Fed signals; HK stocks slip on COVID concerns U.S. long-term Treasury yields sank to a more than seven-week trough on Friday while the dollar drooped near recent lows against other major currencies peers as markets continued to digest dovish signals from the Federal Reserve. Expectations of a less aggressive pace of U.S. monetary tightening from as soon as next month continued to support some stock markets in Asia, but Hong Kong's Hang Seng dropped sharply as record COVID-19 infections in China dimmed the outlook. The 10-year T...
U.S. yields sink amid dovish Fed signals; HK stocks slip on COVID concerns
U.S. yields sink amid dovish Fed signals; HK stocks slip on COVID concerns
Source: Reuters
25/11/2022 9:13:29 AM
Proposed G7 oil price cap to have little immediate impact on Russian revenue The Group of Seven (G7) nations' proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues, as it is broadly in line with what Asian buyers are already paying, five industry sources with direct knowledge of the purchases said on Wednesday. The goal of the price cap is to deprive Russian President Vladimir Putin of revenue to fund the military offensive in Ukraine, without causing major disruption to global oil markets that would d...
Proposed G7 oil price cap to have little immediate impact on Russian revenue
Proposed G7 oil price cap to have little immediate impact on Russian revenue
Source: Reuters
24/11/2022 11:20:36 AM
Shares rise, U.S. Treasury yields drop as Fed minutes suggest slower rate hikes World equities rose while U.S. Treasury yields retreated on Wednesday after minutes of the Federal Reserve's latest policy meeting showed U.S. central bankers looking to soon moderate the pace of interest rate hikes. A "substantial majority" of Fed policymakers agreed it would "likely soon be appropriate" to slow the pace of interest rate hikes, the meeting minutes showed. Traders had expected the Fed minutes would affirm officials' softening stance after recent...
Shares rise, U.S. Treasury yields drop as Fed minutes suggest slower rate hikes
Shares rise, U.S. Treasury yields drop as Fed minutes suggest slower rate hikes
Source: Reuters
24/11/2022 9:15:19 AM
Asian shares mostly down on concerns China may resume strict COVID curbs Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs and that further restrictions could cause supply chain disruptions. The dollar pulled back from strong overnight gains on Tuesday while oil took a pause from Monday's retreat. The broader Asia-Pacific index ex-Japan lost 0.25% in early trade, while China’s benchmark dipped 0.13%. Hong Kong's benchmark index fell 1.31%. Japan&...
Asian shares mostly down on concerns China may resume strict COVID curbs
Asian shares mostly down on concerns China may resume strict COVID curbs
Source: Reuters
22/11/2022 8:35:43 AM
Marketmind: China bears are back A look at the day ahead in Asian markets from Jamie McGeever. After a brief respite, China is again caught in investors' crosshairs. The economic data are coming in below expectations, hopes are fading that COVID-19 lockdown restrictions are about to be lifted and the exchange rate is back on the slide, along with sovereign bonds. This is the backdrop against which the central bank makes its latest interest rate decision at the weekend. The economy might warrant a cut to the one-...
Marketmind: China bears are back
Marketmind: China bears are back
Source: Reuters
18/11/2022 9:11:45 AM
Dollar rises with bets on hawkish Fed; sterling drops The dollar rose on Thursday as U.S. Treasury yields increased and investors eyed hawkish comments from Federal Reserve officials, while the British pound fell as investors were left unimpressed by the UK government's latest budget. The greenback rebounded a little after falling in recent weeks as inflation data and Fed policymakers' remarks had fuelled bets that the U.S. central bank could soon slow the pace of its interest rate hikes. But at an event on Thursday, St. Louis Fed ...
Dollar rises with bets on hawkish Fed; sterling drops
Dollar rises with bets on hawkish Fed; sterling drops
Source: Reuters
18/11/2022 9:05:10 AM
`Friendshoring` helping US minimise supply chain vulnerabilities: US Treasury Secretary Visiting US Treasury Secretary Janet Yellen on Friday said her country is using a tactic called "friendshoring" to minimise supply chain vulnerabilities, in an era where certain countries are using trade as a geopolitical weapon. Yellen explained this approach in her address at the Microsoft's office in Noida, where she met several tech leaders. "Let me explain an approach that the United States is taking to minimise supply chainvulnerabilities. It's called friend...
`Friendshoring` helping US minimise supply chain vulnerabilities: US Treasury Secretary
`Friendshoring` helping US minimise supply chain vulnerabilities: US Treasury Secretary
Source: IANS
11/11/2022 3:27:57 PM
`Debt distress, climate action to be main challenges for India as G20 President` Visiting US Treasury Secretary Janet Yellen on Friday said that India is assuming the G20 presidency at an "uncertain time for the global economy" and that addressing debt distress, promoting climate action, evolving the multilateral development banks as well as embracing and shaping the changing economy would be the main challenges the country will face. "In three weeks, India will assume the helm of the G20 at an uncertain time for the global economy. We look forward to su...
`Debt distress, climate action to be main challenges for India as G20 President`
`Debt distress, climate action to be main challenges for India as G20 President`
Source: IANS
11/11/2022 3:17:24 PM
Visiting India at a pivotal moment for global economy: US Treasury Secretary Janet Yellen US Treasury Secretary Janet Yellen on Friday described the timing of her visit to India at "a pivotal moment for the global economy" when the world is dealing with lingering effects of the Covid-19 pandemic and spillovers from Russian President Vladimir Putin's "barbaric war" in Ukraine. Speaking after visiting the Microsoft campus in Noida, Yellen said: "We are dealing with a confluence of headwinds. The lingering effects of the pandemic, spillovers from Putin...
Visiting India at a pivotal moment for global economy: US Treasury Secretary Janet Yellen
Visiting India at a pivotal moment for global economy: US Treasury Secretary Janet Yellen
Source: IANS
11/11/2022 1:40:55 PM
Janet Yellen heads to India to draw surging economic power closer to U.S. orbit Janet Yellen embarks on her first trip to India as U.S. Treasury Secretary on Tuesday, focusing more on the similarities of the world's two largest democracies and opportunities for deeper ties than on past trade and geopolitical spats. Yellen is not expected to dwell on India's failure to condemn Russia's war in Ukraine, nor on India's massive increase in purchases of discounted Russian oil this year. A Treasury official said the United States was not seeking to dissuad...
Janet Yellen heads to India to draw surging economic power closer to U.S. orbit
Janet Yellen heads to India to draw surging economic power closer to U.S. orbit
Source: Reuters
8/11/2022 5:02:03 PM
Wall St rallies, Treasury yields dip on hopes of easing Fed policy Wall Street closed sharply higher and benchmark Treasury yields hit pause on Friday following signals that the Federal Reserve might consider less aggressive inflation-curbing tactics after November. All three major U.S. stock surged more than 2%, and notched their biggest Friday-to-Friday percentage gains since June, closing the book on a week marked by mixed earnings, soft economic data and political turmoil in Britain. The rally gained momentum after U.S. Treasury Secretary Janet Yel...
Wall St rallies, Treasury yields dip on hopes of easing Fed policy
Wall St rallies, Treasury yields dip on hopes of easing Fed policy
Source: Reuters
22/10/2022 12:03:08 PM
Wall Street opens fourth quarter on high note as oil surges U.S. stocks rose sharply on the first day of trading of the fourth quarter as volatile swings continued to dominate markets, while the prospect of reduced supply pushed oil up nearly $4 a barrel. U.S. Treasury yields turned lower after British officials abandoned a tax cut plan, and new data indicated a slowdown in U.S. manufacturing. The yield on 10-year Treasury notes fell 16 basis points to 3.639%. The yield hit a 14-year high of 4.109% last week before tumbling after the Bank of Englan...
Wall Street opens fourth quarter on high note as oil surges
Wall Street opens fourth quarter on high note as oil surges
Source: Reuters
4/10/2022 8:33:50 AM
Stocks tumble, dollar rallies as soaring U.S. inflation implies an aggressive Fed  The dollar index rallied on Tuesday and the S&P 500 tumbled 4% while Treasury yields surged after data showed U.S. consumer prices rising faster than expected in August, prompting bets for more aggressive Federal Reserve rate hikes. Oil futures also lost ground after the Labor Department data on Tuesday showed that declining gasoline prices in August were offset by gains in rent and food costs. The Consumer Price Index gained 0.1% last month versus expectations for a 0.1% decline...
Stocks tumble, dollar rallies as soaring U.S. inflation implies an aggressive Fed
Stocks tumble, dollar rallies as soaring U.S. inflation implies an aggressive Fed
Source: Reuters
13/09/2022 8:24:32 PM
Gold resumes climb as U.S. dollar, yields pull back Gold neared a one-month high on Thursday as a pullback in the dollar and U.S. Treasury yields provided support ahead of a key U.S. jobs report that could influence the Federal Reserve's policy stance. Spot gold rose 0.7% to $1,777.91 per ounce by 0935 GMT, while U.S. gold futures gained 1% to $1,794.10. There are factors building that could be supportive to gold in the short term, including recession concerns, OANDA analyst Craig Erlam said. "The Fed is really out in force t...
Gold resumes climb as U.S. dollar, yields pull back
Gold resumes climb as U.S. dollar, yields pull back
Source: Reuters
4/08/2022 8:56:33 AM
Gold rises on falling yields, focus shifts to Fed meeting Gold prices rose on Friday supported by a decline in U.S. Treasury yields, however prospects for further rate hike from the Federal Reserve and a buoyant dollar limited gains. Spot gold rose 0.5% to $1,727.09 per ounce by 1215 GMT. Prices on Thursday fell to their lowest level in more than a year at $1,680.25 before ending 1.3% higher. Bullion has gained 1.2% so far this week. U.S. gold futures rose 0.8% to $1,727.00. "Yields have drifted lower which could support the yellow ...
Gold rises on falling yields, focus shifts to Fed meeting
Gold rises on falling yields, focus shifts to Fed meeting
Source: Reuters
22/07/2022 7:51:03 PM
Dollar boosted by safety bid on rising recession fears NEW YORK - Pessimism about the outlook for the global economy boosted demand for the safe haven U.S. dollar on Friday while the Australian dollar, a proxy for global growth, tumbled to a two-year low. Rampant inflation and a rush by central banks to raise rates and stem the flow of cheap money has fueled sell-offs across markets and lifted assets seen as safer bets. “When people get worried they still buy dollar assets,” said Joseph Trevisani, senior analyst at FXStreet.com ...
Dollar boosted by safety bid on rising recession fears
Dollar boosted by safety bid on rising recession fears
Source: Reuters
1/07/2022 8:53:33 PM
Gold prices buoyed by lower U.S. bond yields Gold prices treaded water on Wednesday, with lower U.S. Treasury yields lending support, as bullion's struggle to break out of its range-bound trade continued. Spot gold was up 0.1% at $1,821.57 per ounce by 0254 GMT. U.S. gold futures firmed 0.1% at $1,823.10. Helping the appeal of non-yielding bullion, benchmark U.S. 10-year Treasury yields eased on Wednesday after three straight sessions of gains. [US/] U.S. Federal Reserve policymakers promised further rapid interest-rate hik...
Gold prices buoyed by lower U.S. bond yields
Gold prices buoyed by lower U.S. bond yields
Source: Reuters
29/06/2022 9:14:30 AM
Dollar languishes amid lower U.S. yields as recession fears mount TOKYO - The U.S. dollar remained under pressure on Thursday as it looked set to extend declines against major peers to a fourth day, hurt by Treasury yields wallowing near two-week lows amid rising concerns of a recession. The dollar index, which measures the currency against six key rivals, slipped 0.1% to 104.12, bringing its decline since Friday to 0.46%. It has fallen 1.56% from the two-decade peak of 105.79 reached on June 15, when the Federal Reserve raised rates by 75 basis poi...
Dollar languishes amid lower U.S. yields as recession fears mount
Dollar languishes amid lower U.S. yields as recession fears mount
Source: Reuters
23/06/2022 8:06:19 AM
Gold prices fall, set for biggest weekly drop in a month Gold fell on Friday, as a higher dollar and rising U.S. Treasury yields weighed on demand for greenback-priced bullion, and put prices on track for their biggest weekly drop since mid-May. Spot gold dropped 0.7% to $1,844.25 per ounce by 0238 GMT. U.S. gold futures dipped 0.2% to $1,846.90. Gold prices have fallen about 1.5% in what has been a volatile week, after starting it near a one-month peak before hitting a four-week low on Tuesday. "We haven't really moved a whole lo...
Gold prices fall, set for biggest weekly drop in a month
Gold prices fall, set for biggest weekly drop in a month
Source: Reuters
17/06/2022 8:56:12 AM
Gold charges higher as dollar, yields retreat after big Fed rate hike Gold rallied on Wednesday as the dollar and Treasury yields retreated after the Federal Reserve announced the biggest U.S. interest rate hike since 1994 and flagged economic risks. The Fed raised its target interest rate by three-quarters of a percentage point to stem a surge in inflation and projected a slowing economy and rising unemployment in months ahead. Spot gold rose 1.4% to $1,833.42 per ounce by 4:09 p.m. EDT (2009 GMT), while U.S. gold futures settled up 0.3% at $1,819.60 per...
Gold charges higher as dollar, yields retreat after big Fed rate hike
Gold charges higher as dollar, yields retreat after big Fed rate hike
Source: Reuters
16/06/2022 7:59:35 AM
Gold up on lower yields as investors await big Fed rate hike move Gold prices on Wednesday were lifted from near one-month lows by weaker Treasury yields, ahead of a potentially aggressive interest rate hike from the U.S. Federal Reserve as it seeks to combat inflation amid mounting fears of an impending recession. Spot gold was up 0.5% at $1,817.12 per ounce as of 0229 GMT, after dropping to its lowest since May 16 at $1,803.90 on Tuesday. U.S. gold futures rose 0.3% to $1,818.50. The Federal Open Market Committee is expected to announce its decision...
Gold up on lower yields as investors await big Fed rate hike move
Gold up on lower yields as investors await big Fed rate hike move
Source: Reuters
15/06/2022 8:43:02 AM
Stock, bonds punch-drunk after rout, watch interest rate signals LONDON  - U.S. Treasury yields held near multi-year highs on Tuesday, while stock markets reeled from the previous session's rout on signs that central banks' action to curb inflation would tip the world economy into recession. Wall Street looks set for a slightly firmer open, though Nasdaq and S&P 500 futures gave up the bulk of gains made earlier in the day. Monday's sell-off confirmed a so-called bear market for the S&P 500 index, which is down more than 20% fro...
Stock, bonds punch-drunk after rout, watch interest rate signals
Stock, bonds punch-drunk after rout, watch interest rate signals
Source: Reuters
14/06/2022 8:51:24 PM
Gold prised off 1-month high as U.S. bond yields climb Gold prices eased on Monday from a one-month high scaled earlier in the session, as red-hot U.S. inflation data lifted Treasury yields and tempered the appeal of safe-haven bullion. Spot gold was down 0.5% at $1,862.29 per ounce, as of 0205 GMT. U.S. gold futures also eased 0.5% to $1,866.80. Gold, which is seen as a safe-haven asset in times of economic crises, hit its highest since May 9 earlier in the session at $1,877.05 per ounce. However, benchmark U.S. 10-year Treasury yields ...
Gold prised off 1-month high as U.S. bond yields climb
Gold prised off 1-month high as U.S. bond yields climb
Source: Reuters
13/06/2022 8:25:23 AM
Dollar hits 135 yen as U.S. yields climb ever higher HONG KONG - The yen fell to a fresh 20-year low against the dollar on Monday, as red hot U.S. inflation data drove up Treasury yields, diminishing the earlier boost from speculation Japanese authorities could intervene to support the currency. Central banks' efforts to raise interest rates to curtail inflation will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings and there is a chance the Swiss National Bank will ...
Dollar hits 135 yen as U.S. yields climb ever higher
Dollar hits 135 yen as U.S. yields climb ever higher
Source: Reuters
13/06/2022 8:10:35 AM
Gold eases as higher yields weigh before U.S. inflation data Gold edged down on Friday and headed for a weekly fall, as Treasury yields rose, with investors awaiting key monthly U.S. inflation data that is due later in the day for cues on the future of monetary policy. FUNDAMENTALS * Spot gold was down 0.1% at $1,846.22 per ounce, as of 0038 GMT, while U.S. gold futures eased 0.2% to $1,849.10. * Gold prices have fallen about 0.2% so far this week. * Benchmark U.S. 10-year Treasury yields edged up, hurting demand for zero-yield gold. [US/] ...
Gold eases as higher yields weigh before U.S. inflation data
Gold eases as higher yields weigh before U.S. inflation data
Source: Reuters
10/06/2022 8:17:09 AM
Gold subdued on firm yields with U.S. inflation in focus Gold inched lower on Thursday pressured by elevated U.S. Treasury yields as the focus turned to U.S. inflation data for the Federal Reserve's interest rate hike plan after the European Central Bank signalled a July increase. The ECB said it will end bond buys on July 1 then raise rates by 25 basis points later that month. It will hike again in September and may opt for a bigger move then if the inflation outlook fails to improve. Spot gold fell 0.3% to $1,847.59 per ounce by 1249 GM...
Gold subdued on firm yields with U.S. inflation in focus
Gold subdued on firm yields with U.S. inflation in focus
Source: Reuters
9/06/2022 8:23:18 PM
Stocks rebound on Target inflation angle; bond yields slip NEW YORK -World shares rebounded on Tuesday on the notion inflation may be peaking after Target Corp said it would offer deep discounts to clear inventory as consumers change their shopping habits, while Treasury yields fell after a surprise rate hike in Australia. Target, a major retail chain, cut its quarterly profit margin forecast and said it would mark down prices in the second quarter in a surprise revision that sent shares of the retailer 2.31% lower. Target, along with Walm...
Stocks rebound on Target inflation angle; bond yields slip
Stocks rebound on Target inflation angle; bond yields slip
Source: Reuters
8/06/2022 8:12:02 AM
Gold firms as economic jitters take centre stage Gold prices rose on Tuesday on investor concern over the economic fallout of aggressive policy tightening by major central banks, although gains were limited as elevated U.S. Treasury yields supported the dollar. Spot gold rose 0.2% to $1,844.40 per ounce by 1309 GMT, bouncing off a one-week trough of $1,836.10 touched earlier in the session. U.S. gold futures were up 0.2% at $1,847.20. "Stubbornly-elevated inflation is threatening to further erode consumption while raising the ...
Gold firms as economic jitters take centre stage
Gold firms as economic jitters take centre stage
Source: Reuters
7/06/2022 8:01:17 PM
Dollar hits 2-decade high vs yen, sterling struggles LONDON - The U.S. dollar rose to a two-week high as rising U.S. Treasury yields supported the greenback, pushing the Japanese yen to its lowest level against the dollar in two decades. The yen dropped to a 20-year low of 133 per dollar, levels that had previously been highlighted as intervention territory, a day after central bank governor Haruhiko Kuroda reiterated an unwavering commitment to "powerful" monetary stimulus. The yen is sensitive to interest rate differentia...
Dollar hits 2-decade high vs yen, sterling struggles
Dollar hits 2-decade high vs yen, sterling struggles
Source: Reuters
7/06/2022 7:51:43 PM
Gold prices in check as central banks rev up policy tightening Gold prices held near one-week lows on Tuesday, as investors wagered that aggressive tightening plans by major central banks are going to keep interest rates higher for an extended time, boosting the U.S. Treasury yields and in turn the dollar. Spot gold was flat at $1,840.16 per ounce, as of 0232 GMT. Earlier in the session, bullion slipped to $1,836.10, its lowest since June 1. U.S. gold futures also eased by 0.1% to $1,842.30. "The move higher in U.S. yields ahead of this week&#...
Gold prices in check as central banks rev up policy tightening
Gold prices in check as central banks rev up policy tightening
Source: Reuters
7/06/2022 8:32:16 AM
Gold inches higher as U.S. Treasury yields slip, rate-hike bets weigh Gold prices edged higher on Monday, supported by a slight pullback in U.S. Treasury yields, although bullion's outlook remained vulnerable to aggressive interest rate hikes by central banks. Spot gold was up 0.1% at $1,853.43 per ounce, as of 0208 GMT, while U.S. gold futures rose 0.3% to $1,856.20. Gold was still trading below last week's highs with prices dropping about 1% on Friday after data showed U.S. employers hired more workers than expected in May and maintained a fairl...
Gold inches higher as U.S. Treasury yields slip, rate-hike bets weigh
Gold inches higher as U.S. Treasury yields slip, rate-hike bets weigh
Source: Reuters
6/06/2022 8:31:52 AM
Gold dips as investors focus on U.S. jobs data Gold prices were headed for a third straight weekly gain on Friday after easing slightly during the session as focus turned to a key U.S. jobs report and Treasury yields ticked higher. Spot gold eased 0.1% to $1,866.27 per ounce by 1132 GMT, after hitting its highest since May 9 at $1,873.79. Gold prices have risen about 0.7% so far this week. U.S. gold futures were down 0.1% at $1,869.40. "Yesterday's break above $1,860 can be seen as positive news for gold," said Carl...
Gold dips as investors focus on U.S. jobs data
Gold dips as investors focus on U.S. jobs data
Source: Reuters
3/06/2022 6:41:38 PM
Gold prices steady as easing Treasury yields lift appeal Gold held its ground on Thursday, supported by lower U.S. Treasury yields, after mounting concerns over stubborn inflation worldwide helped prices rebound from their lowest level in two weeks in the previous session. FUNDAMENTALS * Spot gold was steady at $1,847.49 per ounce, as of 0036 GMT. U.S. gold futures were up 0.2% to $1,851.40. * Benchmark U.S. 10-year Treasury yields dipped, lifting the appeal of zero-yield gold. [US/] * Gold prices recovered on Wednesday from their lowes...
Gold prices steady as easing Treasury yields lift appeal
Gold prices steady as easing Treasury yields lift appeal
Source: Reuters
2/06/2022 8:35:40 AM
Rising U.S. yields help dollar higher HONG KONG - The dollar hit a three-week high against the yen in early trade on Thursday and was holding firm against other majors, supported by rising U.S. Treasury yields, which hit two-week peaks overnight. The dollar rose as far as 130.23 yen, its highest since May 11, extending Wednesday's 1.1% gain and heading back towards its 20-year peak of 131.34 hit in May. The euro was at $1.0654, having fallen 0.81% to a 10-day low overnight, and sterling was at $1.2485 after losing 0.96%...
Rising U.S. yields help dollar higher
Rising U.S. yields help dollar higher
Source: Reuters
2/06/2022 8:19:22 AM
Dollar hits two-week peak to yen amid U.S. yield rise TOKYO - The dollar rose to a two-week high versus the yen on Wednesday, lifted by higher Treasury yields as global inflation worries flared anew. The dollar index, which measures the currency against six major peers, including Japan's, rose 0.19% to 101.94, extending a 0.38% rally from Tuesday, when data showed euro-area consumer inflation soaring to a record. The greenback climbed 0.28% to 129.07 yen, and earlier touched 129.185 for the first time since May 18. Benchmark 10...
Dollar hits two-week peak to yen amid U.S. yield rise
Dollar hits two-week peak to yen amid U.S. yield rise
Source: Reuters
1/06/2022 8:59:42 AM
Gold hits near 2-week low as U.S. bond yields, dollar firm Gold prices hit a near two-week low on Wednesday, as rising Treasury yields and a strengthening U.S. dollar continued to sap demand for greenback-priced bullion. FUNDAMENTALS * Spot gold was down 0.2% at $1,834.09 per ounce, as of 0044 GMT, its lowest since May 20. U.S. gold futures fell 0.6% to $1,838.20. * The dollar index steadied after gaining on Tuesday, making bullion more expensive for buyers holding other currencies. [USD/] * Benchmark U.S. 10-year Treasury yields rose, lo...
Gold hits near 2-week low as U.S. bond yields, dollar firm
Gold hits near 2-week low as U.S. bond yields, dollar firm
Source: Reuters
1/06/2022 8:00:41 AM
Gold slips as yields, dollar climb; faces second monthly drop Gold prices dropped on Tuesday, as a higher dollar and rising U.S. Treasury yields weighed on demand for greenback-priced bullion, which is set for a second straight monthly loss for the first time since March 2021. FUNDAMENTALS * Spot gold was down 0.5% at $1,847.50 per ounce, as of 0057 GMT. U.S. gold futures were down 0.4% at $1,850.40. * Gold prices are down about 2.6% so far this month, their most since September. * The dollar index rose, making bullion more expensive for buy...
Gold slips as yields, dollar climb; faces second monthly drop
Gold slips as yields, dollar climb; faces second monthly drop
Source: Reuters
31/05/2022 8:15:56 AM
Gold prices muted as Fed minutes fail to surprise Gold prices were flat on Thursday, restrained by rising Treasury yields, after its appeal was somewhat restored by minutes from a U.S. Federal Reserve policy meet that showed the central bank was likely to stay the course on interest rate hikes. FUNDAMENTALS * Spot gold held its ground at $1,852.27 per ounce, as of 0057 GMT. U.S. gold futures gained 0.3% to $1,852.30. * Gold pared some dollar strength-driven losses on Wednesday after notes from the Fed's meet suggested the centra...
Gold prices muted as Fed minutes fail to surprise
Gold prices muted as Fed minutes fail to surprise
Source: Reuters
26/05/2022 8:16:16 AM