The gold index (XAU/USD) has rallied on Tuesday, adding around 0.5% to the scale after climbing from a low of $1,834.95 to a high of $1,853.88 so far. The US dollar has come under pressure after reaching a two-week peak over tensions between Russia and the West. However, there was …
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Uneven and rather unpredictable trading conditions have prevailed for a second successive session on Tuesday. Ahead of the US close, the S&P 500 is still trading in the red territory but has recovered sharply off earlier session lows, giving a sense of De-Ja Vu after yesterday’s ferocious late-session recovery.The net …
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A quick drop in US yields boosted XAU/USD that jumped from $1840 to $1853, reaching the highest level since November 19. It then pulled back all the way to $1840 and now is approaching the $1850 area again. Prices remain volatile in metals, stocks and bonds. The spike in gold …
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Markets were ghosted by a wave of risk aversion on Monday, only safe-havens benefitted but risk-sensitive currencies were hurt, though the latter group had pared back on much of their earlier underperformance by the end of US trading session as risk appetite recovered.The US dollar was the safe haven of …
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The US dollar has continued to rise since the beginning of Monday’s trading session, benefiting from the deterioration in risk appetite in global financial markets due to the Russian-Ukrainian tensions.The dollar index, which measures the performance of the US currency against a basket of major currencies, rose to 96.02 points, …
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The US dollar declined on Friday, along with US Treasury yields, while investors looked ahead to next week’s Federal Reserve meeting for more clarity on the outlook for rate hikes.US Treasury yields fell as stock market declines reflected poor risk appetite, while concerns about potential conflict in Ukraine drove demand …
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The US dollar traded with a soft tone on Thursday, ending the day mixed across the board. The EUR was among the weakest, while the AUD and the CAD were the strongest. Economic DataDisappointing US employment-related figures were behind the broad dollar’s weakness at the beginning of the American session, …
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The US dollar traded with a soft tone on Thursday, ending the day mixed across the major currencies. The EUR was among the weakest, while the AUD and the CAD were the strongest.Disappointing US employment data was behind the broad dollar’s weakness at the beginning of the American session, as …
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The GBP/USD pair has maintained choppy performance on Thursday with the US dollar seeing a mixed reaction to weaker than expected initial jobless claims and housing data, though the pair has for the most part remained well supported to the north of the 1.3600 level. At current levels in the …
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Gold prices held near two-month highs on Thursday as falling US Treasury yields and a weaker dollar spurred investor appetite, fueled by concerns about inflation and political tensions. Gold in spot transactions fell 0.2 percent to $1836.80 an ounce by 1102 GMT, after hitting its highest level since November 22 …
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