Tag Archives: FED

In an effort to modernize the nation’s payment infrastructure and make it possible for regular Americans to send and receive money in seconds, the US Fed has introduced a new payment service called FedNow. With the FedNow service, which has been in development since 2019, the US will catch up …

Gold prices continued to gain for the third week in a row, Friday, July 21, supported by hopes that the US Federal Reserve will stop raising interest rates after its meeting this month. And by 06:15 GMT, gold in instant transactions increased 0.1% to $ 1970.69 an ounce, up 0.7% …

Market Drivers – US Session – July 20 Due to lower-than-expected profits and data that could justify further Federal Reserve rate hikes, US stocks slightly declined on Thursday. The Dow Jones managed to close with a 0.45% gain while the Nasdaq lost over 2% of its value. The DXY increased …

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 …