Gold prices rose on Monday as talks to raise the US debt ceiling stalled and fears of an economic slowdown pushed some traders towards the precious metal, a safe-haven asset. And by 2049 GMT, spot gold rose 0.1 percent to $ 2013.79 an ounce, after falling for three sessions. US …
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The dollar remained close to a peak of more than a week on Friday after a slew of data released overnight indicated a slowdown in the US economy, as investors bet the Federal Reserve would halt interest rate increases. The dollar index, which measures the performance of the US currency …
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It is possible that Monday won’t be the typical “quiet Monday” after the Dollar’s surge on Friday. The Reserve Bank of Australia’s minutes, Canadian inflation, US retail sales, Chinese activity, and other events make Tuesday the busiest day of the week for economic statistics. Australia will report labour market information …
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Gold prices retreat modestly heading into the weekend due to US dollar strength and rising US yields, but the medium-term outlook remains constructive. The jump in yields coincided with the release of the University of Michigan US Sentiment survey, which showed consumer attitudes sinking to a six-month low of 57.7 …
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On Friday, crude oil prices retreated and were set to end the week lower for the third straight week, as the market balanced supply fears against renewed economic concerns in the United States and China.Brent crude futures fell 59 cents, or 0.8%, to $74.39 a barrel by 12:07 p.m. EDT …
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The US dollar is grinding towards achieving weekly gains in all markets. The EUR/USD pair is impacted by higher US yields and gloomier mood. The couple’s week is at its lowest point since September 2022.For the fourth time in the previous five days, the EUR/USD is declining on Friday, adding …
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US equities are expected to begin higher Friday on rising hope that the Federal Reserve would stop its monetary tightening drive, however concerns about a future recession, as well as the debt ceiling and the banking sector, persist. The Dow Futures contract was up 145 points, or 0.4%, at 11:00 …
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European stock markets rose on Friday as investors digested conflicting economic statistics from the United Kingdom as well as additional quarterly corporate reports. At 08:15 GMT, the DAX index in Germany was 0.4% higher, the FTSE 100 in the United Kingdom was 0.3% higher, and the CAC 40 in France …
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US Treasury Secretary Janet Yellen said there was still uncertainty about when the cash needed to repay the government’s debt would run out, but she would keep Congress informed of any change in the date, which could be around June 1. Yellen told Bloomberg Television that she will meet with …
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The dollar remained close to a peak of more than a week on Friday after a slew of data released overnight indicated a slowdown in the US economy, as investors bet the Federal Reserve would halt interest rate increases. The dollar index, which measures the performance of the US currency …
Read More »
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