Gold prices found good support in the $1850 area and has advanced on Wednesday in the run-up to Fed minutes. Geopolitical angst regarding Russia/Ukraine remains elevated, underpinning gold, which is also being supported by technical factors.The price of the yellow metal is going and froing between the day’s range of …
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As per a series of analyses this week, EUR/USD bulls are eying 61.8% golden ratio, but bears are in the slipstream, and EUR/USD bulls tread around with caution in a field of land mines and disruptive Russian headlines, meanwhile the price stays on course.Analysis has also taken into account the …
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US retail sales increased to a fresh record high in 10 months in January, lifting the level of sales to a record high amid a surge in purchases of motor vehicles and other goods, but higher prices could limit the boost to economic growth this quarter.The report from the Commerce …
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Minneapolis Federal Reserve President and FOMC member Neel Kashkari said on Wednesday that the Fed is going to do what is needed to bring the economy back into balance. Some of the inflation should fade on its own as stimulus fades and people switch to buying services, he added. Kashkari …
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Gold prices rose on Wednesday after falling in the previous session with the yellow metal retaining its allure as a hedge against inflation ahead of the release of the minutes of the Federal Reserve meeting later on Wednesday. Spot gold rose 0.1 percent to $1,854.97 an ounce by 1030 GMT. …
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The cost of living has already become very high in America. The Russia-Ukraine crisis could even make it worse and worse. Oil prices have jumped above $90 a barrel in recent weeks as the risk of a Russian invasion has increased.If the Russia-Ukraine crisis drives oil to about $110 a …
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The gold price index plunges $20 during the North American session as Russia-Ukraine crisis eases and investors move from the non-yielding metals towards riskier assets. XAU/USD is trading at $1849.25.As portrayed by European and US equities rise, the market sentiment remains positive, as easter Europe tension abate some after German …
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Republican Senator Pat Toomey said on Tuesday that the Senate Banking Committee should not proceed with a vote on Fed nominee Sarah Bloom Raskin unless she answers questions on the Reserve Trust.“We’ve asked basic questions and she’s refused to provide answers” he said. Toomey added that if Senate Banking Committee …
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US equities are up sharply on Tuesday as investors breathe a sigh of relief amid apparently easing geopolitical tensions.News of Russian troop withdrawals from Ukraine’s border helped distract equities from ugly PPI and NY Fed survey data. The S&P 500 was up about 1.5%, the Nasdaq 100 up nearly 2.0% …
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The safest haven asset of all, gold, has remained steady during the beginning of the week, despite a stronger US dollar across major currencies. The Golf Index, however, has retreated from daily tops around $1,871 as geopolitical tensions appear to ease in the conflict between Russia and Ukraine. XAU/USD is …
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