Gold jumped more than 1% on Tuesday on fading optimism surrounding a U.S.-China trade deal after U.S. President Donald Trump said talks could extend until after the presidential elections in November 2020. Spot gold gained 1.12% to $1,478.72 per ounce, after touching $1,481.80, its highest since Nov. 7. U.S. gold futures settled up 1.1% at $1484.4 Most other precious metals latched on to gold™s rally, with silver gaining 1.6% to $17.17 per ounce and platinum up 1.3% to $909.05. Palladium...
Gold shrugged off earlier gains to fall on Wednesday, as a report suggesting progress on the U.S.-China trade negotiations rekindled risk appetite, while palladium notched up a fresh peak. Spot gold slipped 0.3% to $1,472.26 per ounce. Prices had hit $1,484 earlier in the session, their highest level since Nov. 7. U.S. gold futures settled down 0.3% at $1,480.2. Elsewhere, platinum fell nearly 1% to $901.38 an ounce, while palladium rose 0.6% to $1,866.63. Elsewhere, silver shed 1.9% to...
Australia™s Q3 national accounts in the Gross Domestic Product has been released. Prior to the data, analysts at Westpac had noted that," growth over the year to Q2 was just 1.4%, the slowest pace since 2009 and revealing that the economy was declining in per capita terms," arguing that, "favourable base effects should ensure that annual growth at least improves. Gross Domestic Product (YoY) (Q3) 1.7 % vs exp 1.7 % (prior 1.4 %). Gross Domestic Product (QoQ) (Q3) 0.4 % vs...
Hong Kong stocks tumbled Wednesday after Donald Trump poured cold water on trade talks with China, indicating a hoped-for phase-one agreement might not be concluded until after next year's presidential election. The Hang Seng index sank 1.25 per cent, or 328.74 points, to 26,062.56. The benchmark Shanghai Composite Index lost 0.23 per cent, or 6.58 points, to 2,878.12 but the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.20 per cent, or 3.19 points, to...
Oil held firm in Asian trading Thursday after surging on increasing optimism for a U.S.-China trade deal, a sharp drawdown in U.S. crude inventories, and as OPEC and its allies prepared to discuss extending or possibly deepening output limits. Futures in New York were little changed after surging 4.2% on Wednesday. The U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal, people familiar with the talks said. That...
The U.S. dollar dipped against a currency basket on Tuesday amid expectations the Federal Reserve will hold off on raising rates this year due to weakness in global growth, while the pound crept higher before Britain's parliamentary vote on its Brexit deal.
The U.S. dollar index, which measures the greenback™s strength against a basket of six major currencies, was at 95.21 by 03:06 AM ET (08:06 AM GMT) after edging down to 95.06 overnight.
The pound briefly rose back above the 1.29 level ahead of a vote on the government™s Brexit deal with the EU in the British parliament.
GBP/USD was up 0.17% to 1.2881 after rising as high as 1.2916 earlier, while EUR/GBP slipped 0.13% to 0.8902.
The euro was holding steady against the U.S. currency, with EUR/USD changing hands at 1.1469.
Elsewhere, the Australian and New Zealand dollars, both considered proxies for global risk appetite, strengthened, having recovered from Monday's lows.
Sentiment was aided by a fresh round of commitments from Chinese policymakers to stimulate their economy though fiscal and monetary steps.
AUD/USD was up 0.31% to 0.7261, while NZD/USD added on 0.32% to trade at 0.6840.
Investing.com
The dollar edged lower against a basket of its rivals on Thursday as mixed messages on trade from U.S. President Donald Trump tempered hopes that China and the U.S. may soon reach an agreement to end ...
AUD/JPY plummets to 74.36 amid the Asian session on Thursday. The pair reacts to the downbeat Retail Sales and Trade Balance numbers from Australia. Australia™s October month Trade Balance slipped ...
The yen advances and the Bloomberg Dollar Spot Index snaps a three-day decline as trade concerns see havens bid and high-beta currencies under modest pressure. The greenback advances versus most of i...
The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main rivals, is trading with marginals gains near the 97.80 region. The bearish move in the index met decent contention in th...
AUD/JPY declines to 74.30 Wednesday™s Asian session as Australia™s Q3 GDP lagged behind consensus on QoQ. Australia™s third-quarter (Q3) Gross Domestic Product (GDP) slipped to 0.4% on QoQ vers...
Gold jumped more than 1% on Tuesday on fading optimism surrounding a U.S.-China trade deal after U.S. President Donald Trump said talks could extend until after the presidential elections in November 2020. Spot gold gained 1.12% to $1,478.72 per ounce, after touching $1,481.80, its highest since Nov. 7. U.S. gold futures settled up 1.1% at $1484.4 Most other precious metals latched on to gold™s rally, with silver gaining 1.6% to $17.17 per ounce and platinum up 1.3% to $909.05. Palladium...
Gold shrugged off earlier gains to fall on Wednesday, as a report suggesting progress on the U.S.-China trade negotiations rekindled risk appetite, while palladium notched up a fresh peak. Spot gold slipped 0.3% to $1,472.26 per ounce. Prices had hit $1,484 earlier in the session, their highest level since Nov. 7. U.S. gold futures settled down 0.3% at $1,480.2. Elsewhere, platinum fell nearly 1% to $901.38 an ounce, while palladium rose 0.6% to $1,866.63. Elsewhere, silver shed 1.9% to...
Australia™s Q3 national accounts in the Gross Domestic Product has been released. Prior to the data, analysts at Westpac had noted that," growth over the year to Q2 was just 1.4%, the slowest pace since 2009 and revealing that the economy was declining in per capita terms," arguing that, "favourable base effects should ensure that annual growth at least improves. Gross Domestic Product (YoY) (Q3) 1.7 % vs exp 1.7 % (prior 1.4 %). Gross Domestic Product (QoQ) (Q3) 0.4 % vs...
Hong Kong stocks tumbled Wednesday after Donald Trump poured cold water on trade talks with China, indicating a hoped-for phase-one agreement might not be concluded until after next year's presidential election. The Hang Seng index sank 1.25 per cent, or 328.74 points, to 26,062.56. The benchmark Shanghai Composite Index lost 0.23 per cent, or 6.58 points, to 2,878.12 but the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.20 per cent, or 3.19 points, to...
Oil held firm in Asian trading Thursday after surging on increasing optimism for a U.S.-China trade deal, a sharp drawdown in U.S. crude inventories, and as OPEC and its allies prepared to discuss extending or possibly deepening output limits. Futures in New York were little changed after surging 4.2% on Wednesday. The U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal, people familiar with the talks said. That...