Haven gold pushed higher again Monday to tally its best finish in about a month, as financial markets kept attention fixed on global growth fears and as a recessionary alarm persisted in the bond market.
Bonds rose on Monday after Friday™s action marked the first U.S. Treasury yield curve inversion since 2007, feeding concerns around this oft-referenced recession signal. As such, U.S. stocks moved lower in Monday dealings as gold futures settled.
Gold for April delivery on Comex rose...
Gold speculators increased their bullish net positions in the week ended March 19, the Commodity Futures Trading Commission (CFTC) data released on Friday showed.
The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, rose by 9,577 net contracts to 88,396 contracts with the gross long and short positions falling by 925 contracts and 10,502 contracts.
Notably, net positions remained in bullish territory for the eighteenth straight week, having...
The dollar edged back from a six-week low against the yen early on Monday, as a degree of calm returned to the market gripped by fears of a recession in the United States.
The greenback had tumbled on Friday as the spread between 3-month Treasury bills and 10-year note yields inverted for the first time since 2007 following weak U.S. manufacturing PMI data.
An inverted yield curve has historically signalled an impending recession.
Cautious comments from the U.S. Federal Reserve last week...
Oil prices kicked off the week's trading with losses as concerns of a sharp economic slowdown outweighed supply disruptions from OPEC's production cutbacks and U.S. sanctions on Iran and Venezuela.
Brent crude oil futures were at $66.79 per barrel at 0022 GMT, down 29 cents, or 0.4 percent, from their last close.
U.S. West Texas Intermediate (WTI) futures were at $58.68 per barrel, down 37 cents, or 0.6 percent, from their last settlement.
The Organization of the Petroleum Exporting...
Tokyo stocks opened sharply lower on Monday as fears lingered over a global economic slowdown following a dive in US stocks.
The benchmark Nikkei 225 index dropped 2.13 percent or 460.36 points to 21,166.98 in early trade, while the broader Topix index fell 2.04 percent or 32.97 points to 1,584.14.
Source : AFP