Gold prices were little changed on Wednesday as falling US Treasury yields ahead of the widely expected strong inflation data kept gold investors on the lookout. And the price of gold in spot transactions rose 0.1 percent to $ 1827.20 an ounce, and US futures settled at $ 1828.40. Analysts …
Read More »Gold Nears Two-Week High Ahead of US Inflation Data
Gold prices headed during trading, today, Wednesday, near the highest level in two weeks during the previous session, before the release of inflation data in the United States, which is expected to come in strong this week, despite the fact that the rise in US Treasury bond yields prompted investors …
Read More »Gold Settles Near Its Highest Level in a Week Amid Political Tensions
Gold prices stabilized on Tuesday in light of concerns about Russia and Ukraine, which kept the metal, which is considered a safe haven of value, supported near the highest level in a week, which was recorded in the previous session. At the same time, the markets awaited US inflation data …
Read More »EUR/GBP Consolidates After Hitting Fresh Annual Highs
The EUR/GBP pair hit fresh annual highs in the 0.8470s but has since pulled back to consolidate around the 0.8450 area, where it trades broadly flat on the session.The latest remarks from ECB President Christine Lagarde before the EU parliament did not add anything new to her remarks in last …
Read More »Gold Price Higher On Back of NFP Data
The Gold Index (XAU/USD) climbs in the North American session, despite US T-bond yields shooting through the roof after the US Nonfarm Payrolls report smashed expectations. XAU/USD is trading at $1,816.Financial markets mood is positive. US Treasury yields move higher in the session, with the 10-year benchmark note rate at …
Read More »Gold Touches its Highest Level in More Than a Week
Gold prices hit their highest in more than a week on Monday, as inflationary pressures from higher oil prices helped offset the impact of an increase in US Treasury yields after a positive jobs report, while the appetite for the metal also supported a decline in stocks. Gold rose in …
Read More »Gold Price Stuck Around $1,800
The gold market hovers around $1,800 per ounce and might not go anywhere anytime soon as market sentiment among Wall Street traders and analysts remains neutral to bearish. Retail investors remain bullish on gold.Gold prices are caught smack in the middle of opposing forces as the global economy faces rising …
Read More »Boris Johnson’s Chances Of Survival Rated 50/50
Cabinet Ministers believe there is a 50/50 chance that Boris Johnson will be forced out of office after four of his most senior aides quit 10 Downing Street and his Chancellor publicly rebuked him,” said the Times while conveying political hardships for UK’s Johnson during early Friday morning in Asia.Dan …
Read More »NZD/USD Bulls Eying Golden Ratio Around NFP
At 0.6661, the bulls are in charge and the bird of 0.5% higher on Thursday’s business in the remaining hour of the US trading session. The price has climbed from a low of 0.6609 to score a high of 0.6681 so far as traders await the outcome of Friday’s US …
Read More »ECB Policymakers See Change At March Meeting If Inflation Worsens
European Central Bank policymakers see a policy change at the March meeting if inflation does ease, said sources speaking to Reuters.The sources said that policymakers see a faster pace of tapering of the Asset Purchase Programme (APP) as its first point of call to fight higher inflation. According to the …
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