Gold extends weakness as dollar rises ahead of Fed
Spot gold accelerated further down, losing 1% in Asia / early Europe trading on Monday and adding to Friday’s 1.1% drop.
Stronger dollar keeps the metal under pressure as investors turn focus to Fed’s policy meeting later this week.
The…
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Oil prices hit new multi-year high, lifted by improved demand outlook
WTI oil price extends advance and hits the highest in nearly three years in early Monday’s trading, following bullish signal generated on last week’s close above psychological $70 barrier (the first weekly close above this level since…
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UK economy posts record annual expansion in April as economic recovery accelerates
Britain’s annual Gross Domestic Product growth hit record 27.6% in April, compared to the same period last year when tight lockdowns on widespread coronavirus pandemic paralyzed the economy.
The monthly figure showed the economic output…
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Gold benefits from weaker dollar after US inflation data
Spot gold edged higher on Friday and probed above $1900 barrier, inflated by weaker dollar after signals that rising US inflation, which made a biggest annual increase almost 13 years, was insufficient to push Fed to start changing its…
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US inflation rose further in May
The US consumer prices increased 0.6% in May after surging 0.8% in April, which was the biggest gain since June 2009, while annualized figure rose 5.0% in May from 4.2% previous month and vs forecasted 4.7% rise, registering the biggest…
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The ECB is likely to keep emergency purchases at steady pace and shift focus to September’s policy…
The European Central Bank is likely to keep its policy unchanged on today’s meeting and maintain a generous flow of stimulus, as the eurozone economy which is emerging from a double-dip recession, caused by coronavirus pandemic, still…
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No breakthrough in UK/EU talks over Northern Ireland deflates pound
Cable fell in early US trading on Wednesday, deflated by failure of UK/EU talks about post-Brexit talks with Northern Ireland.
Short-lived rally earlier today, driven by hawkish comments by BoE’s chief economist, stalled under 1.4200 and…
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US inflation data and ECB meeting would provide more clues about monetary policies and metal’s…
Spot gold remains in red for the second day as dollar maintains firm tone, although the downside remains limited as markets await ECB policy meeting and US inflation report to get more information about possible steer in monetary policies…
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ECB policy meeting and US CPI data eyed for fresh direction signals
The Australian dollar remains within a narrow range for the third straight day after last week’s sharp fall was quickly reversed, keeping the price at familiar levels.
Positive signals from lower US yields was offset by dovish stance from…
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Sideways mode on mixed signals extends but near-term bias remains negative
The cross edged lower in European trading on Wednesday as pound was elevated by hawkish comments from BoE chief economist Haldane but remains within the range that extends into fourth straight day.
Last Friday’s long-tailed Doji candle and…
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