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The gold price has started to find support and is back to trading near flat on the day at around $1,660.50, at the time of writing, efficiently escaping the earlier $1,641.57 low to the day’s high of $1,664.89. The US dollar continued to ease and spared its domination over rival …

Shares sell off began on Thursday as the dollar slightly slid and eased its domination over currency markets amid recession fears that quake the stocks and bonds markets suffering more interest rate pain.After a partial rebound on Wednesday, US stocks sharply fell on Thursday. The Dow Jones Industrial Average fell …

Mexico’s central bank said the board was unanimous on the rate decision where it raised the benchmark interest rate to 9.25% from 8.50%. The USD/MXN pair is 0.25% bid on the day at 20.1947.Key QuotesSays the balance of risks for the trajectory of inflation within the forecast horizon remains biased …

The USD/CAD pair is gaining some 0.82% courtesy of Fed officials on Thursday as Fed’s Mester and Bullard estimate the Federal funds rate to peak around 4.5%.The Canadian economy Canada grew 0.1% MoM in July, exceeding estimations and the the USD/CAD marches firmly towards the 1.3700 figure after diving close …

Oil prices rose on Thursday for a second day, briefly touching $90 per barrel as leading OPEC+ members discussed an output cut to become in force as of next week, but gains moderated on the stronger dollar and weak economic expectations.Brent crude futures for November rose 18 cents to $89.50 …

As the British Pound recovers further ground across the G10 currencies, the EUR/GBP pair is experiencing its worst trading day since 13 July. The pair dropped during the American session and hit the lowest level in almost a week at 0.8836. It is hovering around 0.8850, namely down by almost …

St. Louis Federal Reserve Bank President James Bullard said on Thursday that the Federal Reserve is having to raise rates pretty rapidly to get to a minimally appropriate level to tackle inflation, as reported by Reuters.The greenback stays on the backfoot after these comments and the US Dollar Index was …

The US economy contracted at an annualized rate of 0.6% in the second quarter, the US Bureau of Economic Analysis’ (BEA) third and final estimate showed on Thursday. This reading came in line with the market expectation and the previous estimate. GDP, the standard economic growth measure, is the value …

As measured by the Consumer Price Index (CPI), annual inflation in Germany climbed to 10% in September from 7.9% in August, Germany’s Destatis reported on Thursday. This reading came in higher than the market expectation of 9.4. Meanwhile, the Harmonised Index of Consumer Prices (HICP), the European Central Bank’s (ECB) …

Gold prices fell one percent on Thursday, with the dollar rebounding after a brief decline in the previous session, while an imminent and expected interest rate hike was still hampering the precious metal’s rise. By 0935 GMT, spot gold fell 0.8 percent to $1,646.97 an ounce, after recording its best …