Gold prices maintain a broadly bearish bias on Friday. Investors are uneasy over lingering worries about the US economy. More Americans filed new unemployment benefit claims last week. Gold prices rose sharply from the daily lows of $1,852, hitting the daily highs of around $1,875 during the early hours of trading on Friday. However, Read More…
There are worries about slowing American demand in the wake of record-high crude stocks. So far this week, oil has increased by more than 6%. US crude oil stocks went up last week to their highest level since June 2021. On Thursday, oil prices found it difficult to gain traction as hopes for improving Chinese Read More…
Less aggressive than anticipated remarks from Fed Chair Powell that boosted sentiment. Powell stated that Friday’s surprise jobs report could mean more time in the fight against inflation. Markets are now pricing in a terminal Fed rate above 5% in June. Equities rose in late New York session on Tuesday while the dollar fell following Read More…
The RBA authorized a ninth straight rate increase of 25bps. Investors rushed to buy dollars at the expense of emerging market assets after the US jobs report. Markets expect the Fed’s target rate to increase to above 5.1%. Equity markets corrected higher after suffering significant losses over the previous 24 hours. The US dollar stayed Read More…
The Federal Reserve might maintain its hawkish stance for longer. BOJ Deputy Governor Masayoshi Amamiya might be considered for future governor. US nonfarm payrolls grew by 517,000 jobs in January. Currency futures were on the back foot on Monday as the dollar strengthened. The dollar held steady against its peers after solid US jobs data Read More…
The US dollar increased by 0.1%, restraining gold prices. Gold prices have increased by about $300 since November on expectations of more gradual rate hikes. Investors look forward to the monthly US non-farm payroll data due later today. After a significant sell-off in the previous session, gold prices stabilized on Friday as traders processed central Read More…
