Economic Report

Gold prices fell on Monday (October 24th) as the dollar rose as investors sought to clarify whether the US Federal Reserve would ease monetary policy. And the price of gold in spot transactions fell 0.4% to $ 1650.77 an ounce by 0754 GMT, while US gold futures fell 0.1% to …

Japan’s government and central bank intervened in the currency market early Saturday to support the retreating yen, triggering a dramatic rebound against the dollar after the Japanese currency had reached a fresh 32-year low of nearly 152 against the dollar.Finance Ministry Vice Minister Masato Kanda told reporters he would not …

Gold price advances almost 1% as the market speculations accelerated on FOMC’s intention. A WSJ article noted that FOMC members could be split about December’s rate hike, as November increase to the Fed funds rate (FFR) 75 bps, is certain. The precious metal is trading at $1651.36 per ounce at …

The gold price has moved back to flat position on the day to print around $1,629.25 after moving between the $1,622.54 low and the $1,628.93 high for most of the session, reversing two losing sessions as the US dollar eased. At the time of writing the precious metal is trading …

US main indexes struggled for direction on Wednesday as a surge in Treasury yields to 14-year highs on expectations of bigger interest rate hikes diminished optimism from the positive start to the earnings season.While some gauges of the equity market’s health showed that the latest rally may be the start …

Sterling fell on Wednesday after a bigger-than-expected rise in consumer price inflation in Britain and fears of a deeper recession in the country fueled expectations that the Bank of England’s November interest rate hike would be less severe. The dollar consolidated at a 32-year high against the yen and rose …

Gold prices are under pressure below a key dominant bearish trendline. The US dollar could find support from the US bond yields that are resurging. Gold is trading at $1,650.38 at the time of writing and continues flat on the day at the time of writing. The precious metal has …

Wholesale gas prices fell in the Netherlands and Britain on Tuesday, affected by lower demand due to warmer-than-normal weather and ample supply amid stable liquefied natural gas shipments. The Dutch gas contract for the month of the nearest maturity for the fifth consecutive trading day fell 13.50 euros to 116.50 …

Wall Street stocks rallied and stayed strong throughout the US trading session. UK political developments in addition to Monday’s softer US dollar and global yields helped to boost risk appetite amid strong corporate earnings. The US dollar slid into support on the daily chart, as illustrated below, while the 10-year …

US stocks fell on Friday, as rising inflation expectations kept alive fears that the path of aggressive Federal Reserve interest rate hikes could lead to a recession. In the final session of a volatile week, stocks opened higher before changing course after data from the University of Michigan showed consumer …