Tag Archives: China

Gold prices jumped to a two-week high in early Asian trade on Thursday after Federal Reserve Chairman Jerome Powell’s speech boosted expectations of a lower US interest rate hike. By 0039 GMT, spot gold rose 0.4 percent to $1,775.77 an ounce, after touching its highest level since November 16. US …

Gold price begins December on a firmer standing around $1,768, after posting the biggest monthly gains in 29 months during November. The precious metal’s latest run-up could be linked to the dovish messages by Fed Chair Jerome Powell, as well as optimism surrounding China. Gold buyers are expected to take …

European markets closed higher on Wednesday as November has proved to be a month with robust performance while regional investors reacted to the latest inflation data from the Eurozone for the month.Stoxx 600 closed up 0.6%, adding monthly gains of around 6.1%. Household goods added 2.3% to represent the leading …

Generally speaking; risk assets experienced a big deal of uncertainty as the end of November approaches ahead of Fed Chairman Powell’s address on the economy on Wednesday at Brookings Institute. US Nonfarm Payrolls data is looming on Friday. Risk appetite has deteriorated since Monday after Chinese protests police clashes against …

Oil prices surged on Tuesday on expectations that China’s strict COVID-19 controls could be eased, but concerns that OPEC+ would keep its output unchanged at its upcoming meeting limited the trading day’s gains.Brent crude futures settled at $84.84 per barrel versus the previous closing price $83.21. WTI crude oil futures …

Chinese President Xi Jinping said Tuesday, November 29, that China is ready to forge a closer partnership with Russia on energy issues to ensure global energy security, while the Group of Seven major countries are preparing to impose new measures on Russian oil exports. “China is ready to work with …

The dollar fell against a number of other currencies on Tuesday, and lost some of the gains it recorded at the end of the previous session, amid growing concerns due to the restrictions to combat the Corona virus in China. The dollar index, which measures the greenback against a basket …

Gold prices rose on Tuesday, supported by a weak dollar, as investors await more clarity on the Federal Reserve’s position regarding raising interest rates. Spot gold rose 0.7 percent to $1,753.34 an ounce at 0651 GMT. US gold futures rose 0.7 percent to $1,752.60. Bullion prices fell about 1 percent …

The US session has been a big arena for volatility with beginning of the trading week. The US dollar has managed to edge higher up to 106.74 on Monday, slightly recovering from a three-and-a-half month low of 105.32 as investors are concerned about the pro global economic slowdown and the …

Gold continues to decline starting the beginning of the US trading session on Monday, affected by the rise of the US dollar after changing its direction due to the markets’ focus on the current events in China.Gold futures fell to $ 1740 per ounce, versus the previous closing at $ …