Brent crude futures rose more than 2% on Wednesday, surpassing $90 a barrel for the first time since 2014. The price of oil surpassed $90 a barrel on Wednesday, its highest mark in eight years as limited supply coupled with the prospect of a Russian invasion of Ukraine sent energy …
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Traders and market participants await the US Fed to adopt firm plans to raise interest rates and taper its holdings of U.S. Treasury bonds and mortgage-backed securities, which have swollen its balance sheet to about $9 trillion.The Fed’s two-day meeting ends Wednesday. Analysts’ views of the meeting are mixed, with …
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The Euro fell to a one-month low on Tuesday as tensions between Russia and the West over Ukraine drew investors to the dollar, a day before the Federal Reserve is expected to reveal details on its plans to tighten monetary policy.Tensions remained high after NATO said on Monday it was …
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The AUD/USD has held onto the corrective pullback from more than a month’s low around 0.7140, after two successive trading days of risk aversion.The recovery moves could be linked to the consolidation of losses by the risk-sensitive assets while the Aussie pair particularly awaits key inflation data during early Tuesday …
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The US dollar has continued to rise since the beginning of Monday’s trading session, benefiting from the deterioration in risk appetite in global financial markets due to the Russian-Ukrainian tensions.The dollar index, which measures the performance of the US currency against a basket of major currencies, rose to 96.02 points, …
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Gold prices were little changed on Monday as investors awaited the US Federal Reserve meeting for clues about an interest rate hike, while concerns about inflation and the row between Russia and Ukraine kept gold’s safe-haven appeal intact. And the price of gold settled in spot transactions at 1836.21 dollars …
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On Thursday, gold price is trading almost unchanged on the day around 1,843, as it fades its uptick from fresh two-month highs of $1,848. The latest leg down in gold price could be associated with a tepid bounce seen in the US Treasury yields, which helps put a fresh bid …
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Gold prices held near two-month highs on Thursday as falling US Treasury yields and a weaker dollar spurred investor appetite, fueled by concerns about inflation and political tensions. Gold in spot transactions fell 0.2 percent to $1836.80 an ounce by 1102 GMT, after hitting its highest level since November 22 …
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Gold’s upside momentum has waned in recent trade, with prices trading near $1842 after bursting above resistance in the low $1830s and then subsequently $1840 for the first time in over two months. The speed of spot gold’s latest advances, especially between the $1830 to $1840 area, is suggestive of …
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Iraq-Turkey pipeline outage has sparked fresh supply concerns. WTI crude has hit $87.82 for the first time since September 2014 on Wednesday. A momentary outage of an Iraqi-Turkish pipeline was attributed as driving the most recent oil price gains.But the broader themes of tighter than expected market conditions and rising …
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