All market players are standing on their toes to find clues and directions from the most awaited US inflation data to be released on Wednesday. The US dollar extended its weekly decline throughout the first hours of the trading session, but later the dollar managed to recover some ground during …
Read More »Oil Faces Biggest Weekly Loss Since April
The price of crude oil rose on Friday, balking at the July U.S. jobs report, which suggested that the Federal Reserve could tighten further and limit the demand for crude oil. WTI rose to $90.69 per barrel on Friday at 11:22 a.m. ET, up $1.20 (+2.43%) on the day. Crude …
Read More »US: Durable Goods Orders rise by 0.7% in June
Durable Goods Orders in the US increased by 1.9%, or by $5 billion, on a monthly basis in June to $272.6 billion, the monthly data published by the US Census Bureau revealed on Wednesday. This reading came in much better than the market expectation for a decrease of 0.4%.
Read More »Gold rises with the decline of USD
Gold prices rose on Monday, with the dollar falling somewhat, while investors retreated from expectations that the US Federal Reserve will raise interest rates by 100 basis points at its next meeting. And the price of gold in spot transactions increased 0.7 percent to $ 1719.49 an ounce by 0724 …
Read More »Gold falls as dollar and bond yields rise
Gold prices fell 1% on Thursday, after US Treasury yields and the dollar rose, with expectations for gold already damped by fears that the US Federal Reserve will resort to a larger interest rate hike this month to tackle rising inflation. Spot gold fell 1% to $1,718.69 an ounce by …
Read More »Gold Price rises on Wednesday above $1730
Gold Price sharply bounced during the last hours and stabilized in the positive territory for the day. The precious metal, earlier, bottomed at $1,706 following US inflation data and then redounded rising by $40 within a few minutes. Gold peaked at $1,745, the highest level in three days. Volatility in …
Read More »Gold settles above the lowest level in 9 months
Gold settled on Tuesday, with lower yields on US Treasuries, which boosted demand and offset the impact of a stronger dollar that pushed gold to a nine-month low earlier. And gold settled in spot transactions at $ 1733.59 an ounce by 0740 GMT, after hitting its lowest level since September …
Read More »Gold trades around key support at $1,730
Gold price is struggling to find a way out by surrendering the critical support of $1,730.00 as the US Dollar Index, on Monday, prints a fresh 19-year high at 108.27 on expectations for higher US Inflation.Gold is also displaying subdued performance and the volatility prior to the release of the …
Read More »Market Drivers – US Session – Friday, July 1
Investors and traders do monitor potential headwinds in loan growth and credit quality in the banking sector as JPMorgan Chase & Co. JPM, +1.28% and Morgan Stanley MS, +0.91% are scheduled to report earnings on Thursday, July 14, as the first two of the big-six US banks. US equities finished …
Read More »Wall Street struggles to recover
The Dow Jones Industrial Average finished the day up 82.32 points, or 0.27%, to 31,029.31, while the other benchmarks closed slightly in the red. The S&P 500 slipped 0.07% to 3,818.83, and the tech-heavy Nasdaq Composite inched lower by 0.03% to 11,177.89.US equities fluctuated on Wednesday, after the major averages …
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