Palladium extended its rally for the third consecutive session on Wednesday after sanctions imposed on Russia over its invasion of Ukraine exacerbated supply concerns, while gold fell as US bond yields and the dollar rose. Palladium rose one percent, recording $2,604.61, after rising on Tuesday to its highest level since …
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US President Biden will deliver his first State of the Union address Tuesday, within a few hours, as he seeks to contain the impact of the running war in Ukraine, guide the US and its economy through the Covid-19 pandemic, and help buoy Democrats in November’s midterm elections.Biden will juggle …
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Gold rises for the second consecutive day on Tuesday, back above the $1900 mark so far, and it will likely remain higher as geopolitical tensions persist. Ukraine – Russia conflict does not appear to end in the short term, despite Monday’s first round of talks between officials from both countries. …
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Climbing commodity prices are a good catalyst to provide support to the Australian dollar. Subsequently, economists at Rabobank expect the AUD to break with its status of a high-risk currency and forecast the AUD/USD at 0.74 by year-end.AUD/USD to break with its traditional role of ‘higher risk’ G10 currency. Commodity …
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Palladium jumped on Tuesday on concerns that Western sanctions against Russia over its invasion of Ukraine could damage supplies, as the conflict also sent safe-haven gold prices higher. By 1043 GMT, palladium rose 3.6 percent to $2,577.38. It had reached its highest level since July 2021 at $2,711.18 last week. …
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The USD has capitalized on safe-haven flows at the beginning of the week amid escalating geopolitical tensions and sanctions. Over the weekend, Washington and EU allies along with other Western nations decided to exclude some Russian financial institutions from the global payment system, SWIFT.Economic DataThe US economic calendar featured the …
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The NZD/USD pair grinds higher around three-day top, pokes February high. Market sentiment steadily recreases as Russia continues attack on Ukraine, peace talks extended through the week without any clear results.The diplomats assured further talks during this week but Moscow isn’t ready to step back as Russian troops bombard civilian …
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Gold prices are back above USD 1900, gold trades at around USD 1910, but a return back to all-time highs requires greater escalation between Russia and the West.This remains the case that more upside is possible as the Russia-Ukraine crisis unfolds, but its likely that the 2022 high has been …
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The risk-related sentiment is still the main market driver during the US trading session. Safe-haven assets surged higher at the weekly opening amid escalating war between Russia and Ukraine. The sentiment temporarily improved the early US session amid peace talks. However, such talks concluded no decisions. A new round of …
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The price of palladium jumped about 6 percent on Monday after concerns about supplies of the metal used in the auto industry increased as the West imposed new sanctions on Russia, and the price of gold rose by more than one percent after Russian President Vladimir Putin put the nuclear …
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