New Zealand will release data on electronic card retail sales during the Asian session, and Australian confidence polls are also due. The UK employment statistics and the German ZEW survey will be the important reports later in the day. After several days of advances, the US Dollar Index’s (DXY) winning …
Read More »Gold rises ahead of US inflation data
Gold prices rose on Monday, supported by a decline in the dollar, as investors awaited inflation data in the United States, which may make the Federal Reserve inclined to raise interest rates later in the year. Gold jumped in spot transactions 0.5 percent to $1,927.39 per ounce by 0614 GMT, …
Read More »Gold is heading for a weekly decline in light of the strength of the US economy
Gold rose slightly on Friday as the dollar retreated from its high levels, but the precious metal is still on track to record a weekly decline as investors focus on the increasingly strong US data. Gold rose in spot transactions 0.3 percent to $1,925.14 per ounce by 0545 GMT, but …
Read More »USD/JPY gains some ground on BoJ intervention expectations
On Thursday, the USD/JPY pair dropped over 0.30% in the direction of 147.20 on rising anticipation that the Bank of Japan (BoJ) will act to halt the JPY’s collapse. Although the USD is stabilizing, the Federal Reserve’s hawkish wagers have limited the dollar’s potential loss. The pair is roughly trading …
Read More »Could gold reshine on Thursday?
Following a five-day losing skid, the price of gold has increased from a one-week low to $1,918 on Thursday during the Asian session. Because of the strengthening US Dollar, rising US Treasury bond yields, worries about China, and other factors, the price of gold is declining. The US ISM Services …
Read More »Gold rises as the dollar and US Treasury yields fall
The price of gold rose from its lowest level in a week on Wednesday, with US Treasury bond yields declining and the dollar abandoning the highest levels reached in the previous session, but expectations of keeping interest rates high limited the gains of bullion. Spot gold rose 0.1 percent to …
Read More »Gold’s chance to rebound diminished on stronger US dollar
The precious metal’s weekly gain for dollar investors was reduced to 1.2% as gold prices declined this afternoon entering Friday’s London benchmark auction as mixed data on the US labour market was followed by less-poor manufacturing sector data. Gold is trading at 1940.86 per ounce at the time of writing.According …
Read More »USD/JPY mildly recovers post NFP data on rising Treasury yields
The USD/JPY pair is trading flat at 145.46, after dropping to a three-week low of 144.44. US Nonfarm Payrolls for August beat estimates, but the Unemployment Rate misses, keeping the pair in check. Rising US Treasury bond yields have further supported the dollar, with the USD/JPY trading at 146.196, gains …
Read More »Gold stabilizes with anticipation of US jobs data, but is heading for weekly gains
Gold prices appear to be heading on Friday, September 1, to achieve gains for the second week in a row, supported by declining chances of raising US interest rates this year after a week full of data, at the end of which an important jobs report is issued. Gold settled …
Read More »Gold is near a one-month high ahead of US inflation data
Gold prices rose to near one-month highs on Thursday as a new batch of weak US data reinforced expectations for a pause in interest rate hikes this year, although inflation readings released later on Thursday may revise those expectations. By 0331 GMT, spot gold rose 0.2 percent to $1,945.40 per …
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