Gold prices rose on Monday, as demand for the safe-haven metal was boosted by the war in Ukraine and risk aversion in broader stock markets, but its gains were limited by a rise in US Treasury yields after strong jobs data in March. And gold rose in spot transactions 0.1 …
Read More »Gold prices stabilize as the dollar rises and US bond yields
Gold prices stabilized on Monday, April 4th, with the US dollar and US bond yields rising after strong jobs data raised expectations for a sharp interest rate hike. There was little change in the price of gold in spot transactions at 1922.43 dollars an ounce. US gold futures rose 0.2% …
Read More »Oil tops $105 as supply worries persist
Oil prices topped $105 a barrel on Monday, as concerns persisted about tight supplies due to Russia’s invasion of Ukraine and a deal on Iran’s nuclear deal despite countries withdrawing from strategic oil reserves. The invasion of Ukraine in February sharply exacerbated already existing supply concerns and raised oil prices. …
Read More »Gold Price Retreats from $1950 On Stronger USD, High T-Yields
Gold slumps for the third day of the week amid an upbeat market mood and rising US yields. The Gold Index (XAU/USD) slides as the second quarter begins, down some 0.64% in the North American session. The Russia-Ukraine tussles, elevated global inflation, and rising US Treasury yields, keeping the non-yielding …
Read More »US Equities Drop As Strong US Data Boosts Fed Tightening Bets
US equities were on course to post a third successive day in the red on Friday as strong US labour market data and an inflationary ISM Manufacturing PMI report raised the prospect of a faster pace of Fed tightening this year and next. The S&P 500 was last trading about …
Read More »Should Markets Panic? Why Could T-yields Be Recession Warning?
One of the more reliable warning signals for an economic recession is shining brighter. The yield curve is watched for clues to how the bond market is feeling about the US economy’s long-term prospects. Should Markets Panic?Fed Chair Jerome Powell would say no. Last week, he said that he pays …
Read More »Oil is heading to record the largest weekly loss in two years
Oil prices fell on Friday, ahead of a meeting of member states of the International Energy Agency to discuss the withdrawal of strategic oil reserves, coinciding with a massive planned withdrawal of reserves in the United States. Brent crude and US West Texas Intermediate crude are heading for their biggest …
Read More »Gold is falling as bond yields increase, heading for a weekly loss
Gold fell on Friday and is heading for a weekly decline, as the rise in Treasury yields affected the attractiveness of the non-yielding metal, and increased pressure on it due to the rise of the dollar. And gold fell in spot transactions 0.4 percent to $ 1929.90 an ounce by …
Read More »Gold Consolidates Ahead of NFP Data
Gold has been on the front foot since the European morning, bouncing from the $1920 level into the $1940s. A ramping up of energy-related tensions between EU nations and Russia plus risk-off flows have benefitted the precious metal.The gold price is currently in a phase of consolidation ahead of the …
Read More »US Shares Retreat On Dismal Market Sentiment
US equities are recording losses in the North American session as Wall Street is about to finish March on a lower note. The S&P 500, the Dow Jones Industrial, and the tech-heavy Nasdaq Composite are falling between 0.30% and 0.43%, each one sitting at 4,576.32, 35075.94, and 15,014.01 respectivelyObviously, a …
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