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Interviewed by Dubai TV, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Society of Technical Analysts, shed light and commented on the developments in financial markets, most notably on crypto crash and Fed Chair Jerome Powell’s upcoming testimony before the Congress.European Equities: Asked, …
Read More »AUD/USD plunges on stronger US dollar
The Australian dollar prepares to finish the week with losses of almost 1.60%. Fluctuating sentiment in the FX space boosts the USD and weighs on the AUD.St. Louis Fed President Bullard: Achieving a soft landing is feasible. The AUD/USD pair plummets from weekly highs reached on Thursday around 0.7069, down …
Read More »Gold drops to around $1830
The gold spot is falling due to broad US dollar strength and steady US real yields. US Industrial Production expànded at a lower rate than in April, showing that the US economy is slowing.Gold spot (XAUUSD) drops as a reaction to the buoyant US dollar, which is staging a comeback …
Read More »Gold prices are declining and heading to record the largest weekly loss in a month
The price of gold fell on Friday, due to the impact of the rise in the dollar and US Treasury bond yields on the demand for the precious metal priced in the US currency, and prices are heading for the largest weekly decline since mid-May. And gold fell in spot …
Read More »Gold price jumps toward $1850 on risk aversion
Gold rises to the highest level in four days, eyes $1850 and silver erases losses, approaching Wednesday’s high near $21.90.US yields slide as demand for Treasuries picks up amid risk aversion. Gold gained momentum boosted by a context of risk aversion and a weaker US dollar. XAU/USD rose from under …
Read More »Financial Markets’ Weekly Recap, 6 – 10 June
The dollar rose to a nearly four-week high against a basket of currencies on Friday, after data showed US consumer prices accelerated in May, suggesting the Federal Reserve may have to keep raising interest rates until September to combat inflation. In the 12 months to May, the US consumer price …
Read More »Gold falls as Treasury yields rise ahead of US inflation data
Gold prices fell on Friday and headed for a weekly decline as Treasury yields rose while investors awaited monthly inflation data in the United States for indications of the future of the Federal Reserve’s monetary policy. And gold fell in spot transactions 0.2 percent to $ 1844.78 an ounce (an …
Read More »Turkish lira declines
The Turkish lira fell slightly on Friday after the Treasury, the Central Bank and other government institutions announced a series of measures to support the economy. The lira fell to 17.24 per dollar in early trading from Thursday’s close of 17.20. The lira had risen as high as 16.8 on …
Read More »Gold Settles Under Pressure From High Bond Yields Ahead of US Data
Gold prices stabilized on Thursday as rising Treasury yields held them back before key data on jobs and inflation in the United States could influence the Federal Reserve’s roadmap to raise interest rates to combat inflation. And gold settled in spot transactions at $ 1853.24 an ounce by 0303 GMT, …
Read More »Gold Surges Above $1855
Gold has gained fresh momentum despite higher treasury yields. The precious metal’s price hit three- day high, and remains oblique, looking at the $1860 resistance.The US dollar pulled back during the American session boosting the Gold Index which climbed to $1859.70, reaching the highest level in three days. Gold is …
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