On Friday, currency futures fell as the dollar recovered from a one-year low after some March retail sales figures were not as weak as some economists had anticipated. A top Federal Reserve official cautioned that the US central bank must raise rates to reduce inflation. The dollar recovered from an initial decline when statistics revealed Read More…
On Thursday, gold rose when additional negative US data supported predictions of a pause in Fed rate hikes. There were also fears of a mild recession which sent investors scrambling for safe-haven assets. The dollar and Treasury yields fell after data revealed a slowing in the increase in producer prices last month and an increase Read More…
Oil prices rose by 2% on Wednesday, reaching their highest level in over a month. Cooling US inflation data raised optimism that the Federal Reserve would soon end its cycle of interest-rate hikes. This optimism Overshadowed a slight increase in US crude oil inventories. After increasing by 0.4% in February, the US Consumer Price Index Read More…
Wall Street equities closed flat on Tuesday as investors awaited inflation data and the unofficial start of the first-quarter reporting season. In the afternoon, stocks temporarily rose as Chicago Fed President Austan Goolsbee warned the Federal Reserve against raising rates too quickly to rein in inflation. Without market-moving variables, investors looked forward to the consumer Read More…
US equities recovered from large losses to end Monday flat as investors absorbed Friday’s jobs data and prepared for a busy week of inflation data and bank reports. The Labor Department released its March employment report on Friday, a market holiday, and it showed strong payroll growth and a welcome but minor slowdown in wage Read More…
Gold price (XAU/USD) is currently at $2007 early on Good Friday. The lack of liquidity due to the holiday and cautious sentiment ahead of the release of March US job data is causing XAU/USD to remain defensive. It is important to note that recession fears have affected gold prices, but the disappointing US dollar has Read More…
