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Gold prices rose on Tuesday, September 1st, to their highest level in nearly two weeks, with the dollar retreating to its lowest level in several years amid betting that US interest rates will remain low for a longer period under the new US Federal Reserve policy framework. The gold spot …

European stocks opened higher on Tuesday, September 1 after recording slight gains in August, but sentiment was unstable ahead of important economic data likely to indicate an erratic recovery from the Coronavirus. The European Stoxx600 index rose 0.4% in early trade, supported by better-than-expected data for the industrial sector in …

According to the New York Mercantile Exchange, crude oil futures for October were traded at $42.95 a barrel, up 0.80%. It was previously traded at session high at $43.04 a barrel. Crude oil may find support at $42.36 and resistance at $43.57. The dollar index, which measures the performance of …

According to the COMEX, gold futures for December were traded $ 1993.60 per ounce, up 0.76%. It previously traded at a session high $ 1997.45 an ounce. Gold may find points of support at $ 1914.70 and resistance at $ 1997.45. The dollar index, which measures the performance of the …

FX option expiries for Sept 1 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1895 571m1.1900 569m1.1950 981m1.2000 834m – GBP/USD: GBP amounts         1.3310 280m – USD/JPY: USD amounts          105.00 1.1bn105.50 600m106.00 846m106.60 511m106.75 460m

The New York Stock Exchange (NYSE) closed the first day of the week and the last of August mixed, but was able to achieve high monthly gains. The Dow Jones Industrial Average finished lower by 223.82 points, or 0.78%, at 28,430.05 points. The S&P 500 index declined by 7.70 points, …

The US Treasury yields declined on Monday amid increased selling pressures at the end of the month. The 10-year Treasury bond yield decreased by 3.2 basis points to 0.695%, reducing its increase during the month of August to 15.9 basis points. As for the 30-year bond yield, a fall of …

Oil prices closed lower on Monday, limiting its fifth consecutive monthly rise, amid a mixed demand outlook. Brent crude futures for November delivery decreased by 53 cents, or 1.2%, to finish at $45.28 per barrel. The global benchmark Brent futures are now higher by 4.6% during the month of August, …

Gold prices rose on Monday, supported by the US Dollar’s decline, however, it finished lower for the month. The yellow metal futures for December delivery settled higher by $3.70, or 0.2%, at $1,978.60 per ounce. On a monthly basis, the precious metal lost about 0.4% during the month of August.

The President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Monday that monetary policy tools are not the best way to confront the COVID-19 crisis, signaling fears regarding the failure of the Congress in agreeing on a new stimulus package. “We have signaled pretty clearly that we …