Gold futures fell on Friday, on pace to halt a three session climb, as Treasury yields and U.S. benchmark stock indexes rose, but the recent run-up in the precious metal set prices up to post the best weekly advance since August. The selloff Friday followed gold’s inability to hold above …

Consumer sentiment in the U.S. slightly and unexpectedly decreased in early October as the spread of the Covid-19 Delta variant and supply-chain strains impacted the Americans’ mood.Americans grew more concerned about both current conditions and the economic outlook. The preliminary estimate of the index of consumer sentiment released Friday by …

Receipts have broadly increased, led by sporting goods and hobbies. Autos surprise with 0.5% increase after 3.3% decline in August. U.S. retail sales achieved 0.7% gain in September.U.S. retail sales unexpectedly increased last month in a broad advance, suggesting resilient demand for merchandise even as production constraints limit supply according …

Once again, on Thursday, inflation related concerns were steering investors’ decisions on picking safe haven assets away from interest bearing investments.Speaking to a virtual gathering of the Euro50 Group on Thursday, St. Louis Fed President James Bullard described the inflation trend as “concerning.”U.S. shares surged Thursday reacting to banks’ strong …

A positive market sentiment hurt safe-haven currencies on Thursday, but the U. S. dollar versus the Japanese Yen reaped gains and recovered Wednesday’s losses.USD/JPY began on the right foot in the Asian session; advanced 0.01% and was trading at 113.70 during the day. On Thursday, financial markets witnessed appetite towards …

Sterling investors get nervous as Brussels has been urged draw up tough retaliatory measures in case the UK carries out its threat to suspend trading arrangements for Northern Ireland Protocol contained in the Brexit deal.Representatives of five member states met European Commission vice-president Maros Sefcovic, this week, to demand contingency …

The United States will review any new developments in Georgieva matter and Biden’s administration calls for institutions to better protect whistle-blowers. U. S. Treasury Secretary Janet Yellen warned that a scandal over the credibility of rankings of countries’ business climates could hurt confidence in the International Monetary Fund and World …

Gold rose to the highest in a month as investors sought haven amid stubbornly high inflation and the looming reduction in stimulus.Real interest rates fell and that supported gold. There is a rising perception in the market that inflation could stay elevated for longer.The U.S. consumer price index data paves …

GBP/USD has retreated from the daily high around 1.3733, and advanced by 0.20% during the New York session, trading at 1.3688.The British pound could not hold to the 1.3700 level, broke the latter in a counter-trend move, which in 4-hours witnessed a 60 pip drop.Market sentiment has driven trading decisions …

U.S. shares surged Thursday reacting to banks’ strong quarterly results. Dow Jones rose 533 points, or 1.55%, while the S&P 500 index advanced 1.71% to post its best day since March and the Nasdaq Composite index tacked on 1.73% for its best session since May.Strong gains came as jobless claims …