Tag Archives: us dollar

The Gold Index, XAU/USD, was trading down by roughly -0.33% earlier on Tuesday, in the $2,310s, but at the time of writing, it is only -0.20% down, trading at $2,319.56, as the US Dollar recovers, reducing the cost of Gold which is priced in USD. Gold price declines on Tuesday …

Gold Prices Rise on Rate Cut Bets and Safe-Haven Demand Amid Gaza Uncertainty Gold prices climbed on Tuesday, supported by expectations of potential interest rate cuts by the Federal Reserve later this year and increased demand for the precious metal as a safe haven amid uncertainty surrounding the ceasefire in …

The U.S. dollar continues its decline since the start of Monday’s trading, influenced by employment data released last Friday. Both job growth and wage growth in the United States have shown signs of weakening.Dollar Index Movement:The dollar index, which measures the performance of the U.S. currency against major currencies, dropped …

Oil futures surged on Monday following Saudi Arabia’s decision to increase crude prices for most regions in June, coinciding with escalating tensions in the Gaza Strip, raising concerns about a broader conflict in the major oil-producing area. At 0852 GMT, Brent crude futures climbed by 73 cents, or 0.9 percent, …

The dollar was broadly stable on Monday, May 6, after a report showed a slowdown in job growth in the United States, and raised hopes that the US Federal Reserve would cut interest rates this year, while the yen fell after a wave of volatility resulting from what is believed …

Gold prices rose on Monday, May 6, as continued tensions in the Middle East and expectations that the US Federal Reserve will begin lowering interest rates later in the year increased the appeal of the precious metal. Gold rose in instant transactions 0.3% to $2,309.24 per ounce by 0427 GMT. …

Gold prices are heading to decline for the second week in a row, despite the stability of prices on Friday, as investors await non-farm payrolls data in the United States, which may provide indications of the position that the Federal Reserve (the US central bank) will adopt regarding monetary policy. …

The US Dollar Index, or DXY, was trading slightly higher at 105.80 earlier on Thursday. Despite cautious words made by Fed Chair Jerome Powell regarding inflation and its unclear future trajectory, the dollar saw a brief upward momentum. Weekly Jobless Claims data appear to be helping the dollar, which is …

Gold prices continued their upward trend for the second consecutive session on Thursday following indications from the Federal Reserve (US central bank) suggesting a potential future interest rate cut. Gold edged up by 0.3 percent to $2,325.02 per ounce by 0218 GMT, building upon its more than one percent gain …

Gold prices surged following the Federal Reserve’s decision to hold interest rates at 5.25-5.50% and Chair Powell’s cautious comments. The US economy, despite facing inflationary pressures and a tightening labor market, maintains robust domestic demand, according to Powell’s observations. However, inflation remains high, leading to the Fed’s cautious stance on …