Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor appetite for havens. Gold for December delivery fell $12, or 0.8%, to end at $1,511.60 an ounce, while September silver declined 18.2 cents, or 1.1%, to end at $16.94 an ounce. Gold saw its second daily decline after ending Thursday at the latest in a string of more-than six-year highs. In other metals trade, October platinum rose $5.30, or 0.6%, to...
Gold futures climbed on Tuesday, with a slide in U.S. Treasury yields helping the haven metal recoup more than a third of what it lost a day earlier, when a rally in the U.S. stock market prompted some settling in bullion. Gold for December delivery rose $4.10, or 0.3%, to settle at $1,515.70 an ounce, after the commodity gave up $12, or 0.8%, Monday. September silver picked up 20.8 cents, or 1.2%, to $17.148 an ounce, following a 1.1% loss a day earlier. Precious metals gained some altitude...
The dollar held near a three-week high on Tuesday, as expectations global economies would unleash fresh stimulus and an improvement in appetite for riskier assets lifted yields on U.S. government bonds. Yields on benchmark U.S. Treasuries pulled away from three-year lows as investors tip-toed back into riskier assets, lured by hopes for stimulus in major economies such as Germany and China, which eased more recent global recession fears. Investor focus on Tuesday will shift to the first...
Gold shed 1% on Monday as a recovery in share markets and rising U.S. Treasury yields reduced some of the metal's safe-haven appeal, prompting investors to book profits. Spot gold was down 1.06% at $1,497.85 per ounce. U.S. gold futures slipped 1% to $1,508.1. Benchmark U.S. Treasury yields gained on Monday, moving further away from record lows after the closely-watched U.S. yield curve between two- and 10-year bonds inverted for the first time since 2007 on Wednesday. Equity markets around...
Hong Kong shares jumped more than two percent Monday following a healthy lead from Wall Street with investors cheered by positive comments on trade talks by Donald Trump's top trade adviser. The Hang Seng Index climbed 2.17 percent or 557.62 points to end at 26,291.84. The benchmark Shanghai Composite Index gained 2.10 percent, or 59.28 points, to 2,883.10 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rallied 3.05 percent, or 46.49 points, to...
The euro fell on Tuesday as investors waited for a sentiment reading of Germany's economy, although the prospect of more central bank easing starting with the Federal Reserve later this month kept currency moves limited.
The single currency stood at $1.1251 in early London trading, down slightly on the day.
Foreign exchange markets have been notably quiet in recent weeks, with investors focused on economic data releases to decide when and by how much central banks will seek to stimulate their economies.
Volatility in currency markets has plummeted in recent weeks, according to the Deutsche Bank Currency Volatility Index.
Markets expect the Federal Reserve to cut rates later in July, but the dollar has held its own. The dollar index was up 0.1% at 97.035, a fair way from its June lows of 95.843.
Source : Reuters
The dollar was on the defensive on Wednesday, elbowed off a three-week peak by a reversal in U.S. yields as they headed south again ahead of a meeting of central bankers, at which the Federal Reserve ...
The dollar was little changed in early trading in Europe Wednesday but starting to build momentum against the euro at the start of a day where politics is likely to dominate economics. The euro was a...
The AUD/USD pair remains modestly changed at 0.6765 after the Reserve Bank of Australia (RBA) released minutes of its August 07 meeting on early Tuesday. Although the Aussie central bank left its mon...
The dollar held near a three-week high on Tuesday, as expectations global economies would unleash fresh stimulus and an improvement in appetite for riskier assets lifted yields on U.S. government bond...
The euro steadied on Monday after suffering its biggest weekly drop in nearly two months as risk appetite gradually returned to global markets after a week of turmoil. With hopes of fiscal stimulus f...
Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor appetite for havens. Gold for December delivery fell $12, or 0.8%, to end at $1,511.60 an ounce, while September silver declined 18.2 cents, or 1.1%, to end at $16.94 an ounce. Gold saw its second daily decline after ending Thursday at the latest in a string of more-than six-year highs. In other metals trade, October platinum rose $5.30, or 0.6%, to...
Gold futures climbed on Tuesday, with a slide in U.S. Treasury yields helping the haven metal recoup more than a third of what it lost a day earlier, when a rally in the U.S. stock market prompted some settling in bullion. Gold for December delivery rose $4.10, or 0.3%, to settle at $1,515.70 an ounce, after the commodity gave up $12, or 0.8%, Monday. September silver picked up 20.8 cents, or 1.2%, to $17.148 an ounce, following a 1.1% loss a day earlier. Precious metals gained some altitude...
The dollar held near a three-week high on Tuesday, as expectations global economies would unleash fresh stimulus and an improvement in appetite for riskier assets lifted yields on U.S. government bonds. Yields on benchmark U.S. Treasuries pulled away from three-year lows as investors tip-toed back into riskier assets, lured by hopes for stimulus in major economies such as Germany and China, which eased more recent global recession fears. Investor focus on Tuesday will shift to the first...
Gold shed 1% on Monday as a recovery in share markets and rising U.S. Treasury yields reduced some of the metal's safe-haven appeal, prompting investors to book profits. Spot gold was down 1.06% at $1,497.85 per ounce. U.S. gold futures slipped 1% to $1,508.1. Benchmark U.S. Treasury yields gained on Monday, moving further away from record lows after the closely-watched U.S. yield curve between two- and 10-year bonds inverted for the first time since 2007 on Wednesday. Equity markets around...
Hong Kong shares jumped more than two percent Monday following a healthy lead from Wall Street with investors cheered by positive comments on trade talks by Donald Trump's top trade adviser. The Hang Seng Index climbed 2.17 percent or 557.62 points to end at 26,291.84. The benchmark Shanghai Composite Index gained 2.10 percent, or 59.28 points, to 2,883.10 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rallied 3.05 percent, or 46.49 points, to...