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Gold prices flat as investors await fresh impetus Gold was flat on Tuesday as investors await fresh insights on the Federal Reserve's stance on U.S. interest rate reductions for further direction on bullion prices. Spot gold held its ground at $2,646.64 per ounce, as of 0319 GMT. Prices hit a record high of $2,685.42 last month. U.S. gold futures edged 0.1% lower to $2,663.10. "Gold prices have been surprisingly resilient, refusing to succumb to a stronger U.S. dollar and higher Treasury yields," IG market strategist Y...
Gold prices flat as investors await fresh impetus
Gold prices flat as investors await fresh impetus
Source: Reuters
2024-10-15 09:53:32 am
Rupee strengthens against US dollar on Wednesday Indian rupee strengthened marginally against the US dollar on Wednesday, even after the American currency strengthened overseas amid Minneapolis Federal Reserve President Neel Kaskari’s comments that interest rates in the US might need to be steady for a longer period. Moreover, dollar demand from foreign investors and easing crude oil prices have also supported rupee sentiments. However, significant foreign fund outflows limited further gains in rupee. Foreign Institutional Investors w...
Rupee strengthens against US dollar on Wednesday
Rupee strengthens against US dollar on Wednesday
Source: Accord Fintech
2024-05-08 12:23:09 pm
Dollar regains momentum as yen struggles The dollar was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the yen eased towards the 155 per dollar level and kept intervention risks from Tokyo high. The offshore yuan further retreated from a more than three-month high hit last week, helped by hopes of further policy stimulus from Beijing to shore up its economy. It last stood at 7.2247 per dollar. The yen was last little changed at 154.7...
Dollar regains momentum as yen struggles
Dollar regains momentum as yen struggles
Source: Reuters
2024-05-08 09:34:00 am
Gold slips as dollar firms, traders brood on rate cut timing Gold prices dipped on Wednesday as the dollar edged up, while market participants assessed the timeline for potential U.S. interest rate cuts and were on the lookout for fresh cues for further clarity on monetary policy. Spot gold was down 0.1% at $2,311.07 per ounce as of 0235 GMT. U.S. gold futures fell 0.3% to $2,316.60. The dollar index rose 0.1%, making greenback-priced gold more expensive for other currency holders. [USD/] This week's economic calendar includes the Universi...
Gold slips as dollar firms, traders brood on rate cut timing
Gold slips as dollar firms, traders brood on rate cut timing
Source: Reuters
2024-05-08 09:03:37 am
Asia stocks gain, much riding on China stability efforts  Asian stocks firmed on Wednesday as investors waited to see if Beijing's increasingly frantic efforts to prop up its sagging share markets would actually work, while bonds enjoyed a reprieve from recent selling. In recent days, China's regulators have announced further curbs on short selling and state investors said they were expanding their stockbuying plans. Bloomberg News also reported President Xi Jinping would discuss the stock market with financial regulators, though...
Asia stocks gain, much riding on China stability efforts
Asia stocks gain, much riding on China stability efforts
Source: Reuters
2024-02-07 08:41:25 am
Gold hits more than one-week low as dollar strengthens, yields rise Gold dropped to more than a one-week low on Monday, weighed down by a higher dollar and bond yields after a solid U.S. jobs report and remarks from Federal Reserve officials dashed expectations of early interest rate cuts. Spot gold was down 0.6% at $2,027.09 per ounce by 2:09 p.m. EST (1909 GMT) after hitting its lowest level since Jan. 25 earlier in the session. U.S. gold futures settled 0.5% lower at $2042.9. "We're seeing the hangover effect of the Friday strong jobs rep...
Gold hits more than one-week low as dollar strengthens, yields rise
Gold hits more than one-week low as dollar strengthens, yields rise
Source: Reuters
2024-02-06 08:42:14 am
Oil dives 4% to lowest since July on demand worry, strong dollar Oil prices fell more than 4% on Tuesday to their lowest since late July, as mixed Chinese economic data and rising OPEC exports eased fears about tight markets and as the dollar strengthened. Brent crude futures closed below $84 a barrel for the first time since Hamas Islamists' Oct. 7 attack on Israel. The global benchmark settled at $81.61 a barrel, down $3.57, or 4.2%, while U.S. West Texas Intermediate crude futures settled at $77.37 a barrel, down $3.45, or 4.3%. "Traders ...
Oil dives 4% to lowest since July on demand worry, strong dollar
Oil dives 4% to lowest since July on demand worry, strong dollar
Source: Reuters
2023-11-08 09:00:03 am
Gold slips as dollar firms, Jerome Powell speech eyed for cues on rates Gold prices eased to a near one-week low on Tuesday as the dollar firmed and safe-haven demand slowed, while investors awaited comments from Federal Reserve officials, including Chair Jerome Powell, for more clarity on the interest rate outlook. Spot gold was down 0.2% at $1,972.89 per ounce by 0328 GMT. U.S. gold futures fell 0.5% to $1,979.50. The dollar rose 0.1% after hitting a six-week low in the previous session, making gold more expensive for other currency holders. [USD/] &qu...
Gold slips as dollar firms, Jerome Powell speech eyed for cues on rates
Gold slips as dollar firms, Jerome Powell speech eyed for cues on rates
Source: Reuters
2023-11-07 09:40:30 am
Dollar steady as risk rally eases, RBA in focus The dollar was steady on Tuesday, holding overnight gains as investors took a breather from a risk rally, while the Australian currency drifted lower ahead of a central bank interest rates decision later in the day. All eyes in Asian hours will be on the Reserve Bank of Australia, which is widely expected to raise rates by 25 basis points, snapping four months of on hold policy decisions. Markets on the other hand less sure, pricing in a 63% chance of a hike. The Australian dollar was 0...
Dollar steady as risk rally eases, RBA in focus
Dollar steady as risk rally eases, RBA in focus
Source: Reuters
2023-11-07 09:01:14 am
Gold steady as Fed officials adopt dovish policy tone Gold prices held near a more than one-week high on Wednesday, as the dollar edged lower after several U.S. Federal Reserve officials suggested that the recent surge in Treasury yields might make further rate hikes less necessary.Spot gold was trading at $1,860.29 per ounce as of 0329 GMT, after hitting its highest level since Sept. 29 on Tuesday. U.S. gold futures held their ground at $1,873.90.The dollar dipped to a nearly two-week trough against a basket of currencies, tracking a slide in U...
Gold steady as Fed officials adopt dovish policy tone
Gold steady as Fed officials adopt dovish policy tone
Source: Reuters
2023-10-11 10:17:42 am
Dollar sticks near 10-month high, keeping heat on yen  The dollar clung near a 10-month high against a basket of its peers on Thursday, keeping the yen under pressure near a key intervention zone as investors size up upbeat U.S. economic data and fresh comments from Federal Reserve officials.Federal Reserve Bank of Minneapolis President Neel Kashkari was one among several Fed voices to caution markets on the possibility of more hikes, saying on Wednesday that ample evidence of ongoing economic strength meant that more tightening might be in...
Dollar sticks near 10-month high, keeping heat on yen
Dollar sticks near 10-month high, keeping heat on yen
Source: Reuters
2023-09-28 09:12:19 am
Gold hovers near six-month low as markets brace for US economic data Gold steadied on Thursday, although prices hovered near a six-month low hit in the previous session due to an elevated dollar and Treasury yields, with markets awaiting U.S. economic data for clues on the Federal Reserve's interest rate trajectory.Spot gold held its ground at $1,874.39 per ounce by 0237 GMT, after shedding 1.4%, its biggest daily decline since July, on Wednesday. U.S. gold futures were flat at $1,891.10.Data on Wednesday showed orders for long-lasting U.S. manufactured goods ...
Gold hovers near six-month low as markets brace for US economic data
Gold hovers near six-month low as markets brace for US economic data
Source: Reuters
2023-09-28 09:03:26 am
Oil prices edge higher as markets focus on supply tightness  Oil prices ticked up in early trade on Wednesday, as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy.Brent crude futures rose 33 cents, or 0.4%, to $94.29 a barrel by 0015 GMT, while U.S. West Texas Intermediate crude futures climbed 31 cents, or 0.3%, to $90.70.Industry data released on Tuesday showed U.S. crude oil stockpiles rose last week by about 1.6 million barrels, against analysts' expectations for a drop of about 300,000 barrels...
Oil prices edge higher as markets focus on supply tightness
Oil prices edge higher as markets focus on supply tightness
Source: Reuters
2023-09-27 09:19:28 am
Rupee may open near record lows pressured by oil prices, US yields The Indian rupee could open near its record lows on Wednesday as rising crude prices and elevated U.S. Treasury yields mount pressure on the local unit.Non-deliverable forwards (NDF) indicate rupee will open at around 83.25-83.26 to the U.S. dollar compared with the close of 83.23 in the previous session.The rupee hit its lowest level on record - 83.29 - in October 2022.However, the rupee could avert a fall to fresh record lows on likely help from the Reserve Bank of India (RBI). The central ...
Rupee may open near record lows pressured by oil prices, US yields
Rupee may open near record lows pressured by oil prices, US yields
Source: Reuters
2023-09-27 09:10:00 am