The dollar held near a 2 1/2-month high against the yen on Monday after Washington and Beijing announced progress towards a trade deal, while sterling hovered near a three-month peak on hopes for an orderly British exit from the European Union.
On Friday, the dollar strengthened against the safe-haven yen to as much as 108.63 yen, its highest level since August 1, before U.S. President Donald Trump said the United States and China had reached a 'Phase 1' trade deal.
In early Asian trade on...
Asian share markets pushed higher on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetites, while pressuring safe-haven bonds and the yen.
Liquidity was lacking, however, with Japan off and a partial market holiday in the United States for Columbus Day. MSCI™s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.5%.
Australia's main index gained 0.9% and South Korea .KS11 firmed 1.3%.
While Tokyo was on holiday, Nikkei futures were...
Hong Kong stocks rallied out of the blocks Monday after China and the United States reached a mini trade deal that raised hopes the two sides were on the path to resolving their long-running stand-off.
The Hang Seng Index jumped 0.81 percent, or 214.36 points, to 26,522.80.
The benchmark Shanghai Composite Index gained 0.68 percent, or 20.30 points, to 2,993.96, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.85 percent, or 13.91 points, to...
Even though gold was getting beaten up last Friday, analysts were still optimistic that the precious metal was going to return to its key $1,500 level soon.
Gold fell more than 1% on Friday (10/11/19) with December Comex gold futures last trading near two-week lows at $1,487.70 an ounce.
Upbeat risk appetite was driving the equity markets higher and pressuring gold lower as investors awaited the announcement of a possible partial trade deal between the U.S. and China.
One of the biggest...
Gold prices eased on Monday, extending falls into a third session, as news that the United States and China had made progress in their recent high-level trade talks lifted risk appetite.
Spot gold dropped by 0.3% to $1,485.56 per ounce, as of 00:36 GMT. U.S. gold futures edged 0.1% higher to $1,489.90.
Spot gold prices fell more than 1% in intraday trade on Friday on news that the United States and China were likely to reach a partial agreement on trade.
U.S. President Donald Trump on...