Tag Archives: FED

The price of gold has fallen from 7-week highs at $1,987.42 as concerns over the Fed continuing to tighten conditions past the July meeting were rekindled by economic data from the US. As a result, US Treasury bond yields increased, which hurt the price of gold. Earlier on the day, …

The Australian dollar rose on Thursday after the country’s jobs data beat expectations, while the yuan rose after China moved to curb its currency’s decline by loosening a rule for cross-border financing. Thursday’s data showed that employment in Australia easily beat expectations for the second consecutive month in June, with …

On Thursday, gold prices rose to a nine-week high thanks to a weaker dollar and bets that the Federal Reserve may soon halt its rate-raising cycle. And by 0325 GMT, spot gold rose 0.5 percent to $ 1987.18 an ounce, the highest level since mid-May. US gold futures rose 0.4 …

The American bank, Goldman Sachs, recorded earnings per share below expectations in the second quarter of 2023, at $ 3.08 per share, compared to expectations of $ 3.18 per share. The bank recorded revenues of $10.9 billion in the second quarter, compared to expectations of $10.84 billion. The bank is …

Gold fell on Wednesday, after touching a one-and-a-half-month high in the last session, affected by a slight rise in the dollar, despite investors’ expectations that recent US economic readings will convince the Federal Reserve to stop the cycle of raising interest rates. Spot gold fell 0.1 percent to $1,976.05 an …

The gold market is experiencing new momentum as prices test new significant resistance levels due to growing expectations that the Fed will cease its tightening cycle following its announcement of its monetary policy decision next week. At the time of writing gold is up by +1.20%; trading at 1977.71 per …

WTI has recovered over 2% gains, reaching a high near $75.70, following weak retail sales data from the US. The weaker US dollar and dovish bets on the Fed have favored oil prices. Retail sales in the US climbed by 0.2% in June, less than predicted and 0.5% seen in …

After Monday’s unsuccessful attempt at a rebound, the US Dollar is holding steady against its main competitors’ currencies.The US Dollar Index is still varying just below 100. While industrial production decreased in June, US retail sales increased somewhat. During the first trading period of Tuesday’s American session, the dollar was …

Gold prices rose on Tuesday, with the dollar falling near its lowest level in more than a year, while traders await retail sales data in the United States to see its impact on the monetary policy of the Federal Reserve. Spot gold rose 0.3% to $1,959.54 an ounce by 0359 …

The dollar index faltered near its lowest level in more than a year on Tuesday as investors await fresh catalysts to see if the dollar will continue to fall in the wake of last week’s softer-than-expected inflation report. The dollar index, which measures the performance of the US currency against …