Gold prices stabilized on Tuesday, as traders cautiously await new signals from major central banks regarding their monetary policy plans, especially the US Federal Reserve. There was little change in gold in spot transactions, to record $1983.29 an ounce by 0528 GMT. US gold futures fell 0.1 percent to $1,991. …
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Gold price dropped below $2000 on a report by the Institute for Supply Management (ISM), showing that manufacturing activity in the US improved. However, prices jumped compared to last month’s data, sparking speculation that the Federal Reserve (Fed) will tighten monetary conditions next Wednesday. The precious metal is trading between …
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In April, the S&P Global Manufacturing PMI for Canada rose above 50. USD/CAD remains within the daily range at roughly 1.3550.The S&P Global Manufacturing PMI increased to 50.2 from 48.6 in March, reflecting a modest increase in business activity in the Canadian manufacturing sector. This figure was lower than the …
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The US dollar rose in early holiday-affected European trade Monday, kicking off a week that features policy-setting meetings from the Federal Reserve and the European Central Bank, as well as the monthly US employment report. The dollar index, which measures the value of the US currency against a basket of …
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Although the dollar is still weak, losses are currently contained. This week’s significant US macroeconomic data releases could influence the value of the dollar. Technically speaking, the Dollar Index is still bearish in the foreseeable future.The stronger-than-expected S&P Global PMI surveys on Friday did not help the dollar, as the …
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The GBP/USD currency pair oscillates near a seven-week high and pauses a two-day rise. BoE announced a rate increase of 0.25%, matching market expectations, and signalling its preparedness for more if inflation remains high. Treasury bond yields and the US dollar are affected by the Fed’s less hawkish raise as …
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S&P Global Services PMI recovered above 50 in February’s flash estimate. The US Dollar Index continues to push higher above 104.00. The dollar also gathered strength against its rival currencies with the initial reaction and the US Dollar Index was last seen rising 0.35% on the day at 104.22.Business activity …
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The Euro sheds some ground against the US dollar on the first trading day of 2023 amidst thin liquidity conditions in the financial markets. The release of S&P Global PMIs in the Eurozone failed to bolster the shared currency on Monday. At the time of writing, the EUR/USD is trading …
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With a big deal of market volatility, gold prices have pushed to session highs. The housing market, an important pillar of US economic growth, continued to weaken as consumers bought fewer new homes than expected last month. The S&P Global flash PMI reading also has benefited the precious metal, which …
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Gold prices fell on Wednesday, August 24, in the United States of America, after hawkish statements from an official in the Federal Council surrounding the investors kept investors. And gold fell in direct transactions 0.1% to $ 1746.18 an ounce, the time at 07:12 GMT, after rising 0.7% in the …
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