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Gold prices were flat on Tuesday as dollar and Treasury yields fell, while investors looked forward to U.S. inflation data later this week that could offer more clarity on the Federal Reserve’s rate hike path. FUNDAMENTALS * Spot gold were flat at $1,786.86 per ounce, as of 0112 GMT, after rising 0.8% in the previous

Dollar soars broadly, together with benchmark treasury yields, after an all around strong non-farm payroll report. At the same times US futures tumble, apparently on expectations Fed’s tightening pace will continue with such healthy job market. The greenback is now the strongest one for the week and the question is, whether it could break through

The US dollar made a big jump after the July non-farm payrolls report showed the economy adding another 528,000 jobs, far more than the 250,000 consensus estimate of economists. In addition, the unemployment rate fell to 3.5% from 3.6% and matches the pre-pandemic low. The strong jobs data pushed back on the idea that the

NEW DELHI: Gold prices were trading flat, steady near a one-month high on Friday, thanks to a fall in the US dollar and weak US treasury yields. Traders awaited the US jobs data amid the growing recession fears boosted safe-haven demand and kept bullion on track for its third straight weekly rise. The market’s focus

Dollar selling is back today while Yen’s strength continues. Euro is also soft as the second worst after the greenback. On other hand hand, Sterling is strengthening with help from buying against Euro. Commodity currencies are mixed for now, with Canadian Dollar turning softer while Kiwi leads Aussie higher. Stock market sentiment is mixed, and

The strongest weakest of the major currencies The AUD is the strongest ahead of their interest rate decision which will be release on Tuesday with expectations of a 50 bp hike to 1.85%. The USD is the weakest. Last week the Federal Reserve raised rates by 75 bps as expected. Over the weekend China PMI

NEW DELHI: Gold prices edged lower on Monday but hovered near a three-month high following the weakness in the US dollar amid expectations of a less aggressive Federal Reserve rate-hike trajectory. Gold futures on were trading lower by 0.43 per cent or Rs 224 at Rs 51,402 per 10 grams. However, silver futures plunged about

Yen rises strongly today, and buying intensifies in early US session, after surprisingly poor US GDP data. Benchmark treasury yield in both the US and Germany tumble sharply, aiding Yen’s advance. Swiss Franc is also strong For now, Euro is the worst performer for today, as selling started earlier in European session already, while Sterling

When I think about today’s GDP report, the implications are probably larger in politics than in markets. It could mean a second consecutive quarter of negative real growth in the US, which fits the definition of a recession. At the same time, the NBER — who is for some reason the arbiter of recessions in

NEW DELHI: Gold prices extended their gains on Thursday as comments from the US Federal Reserve chair Jerome Powell on future interest rate hikes sounded less hawkish than feared, dragging dollar and treasury yields lower. The US central bank on Wednesday raised rates by three-quarters of a percentage point for the second straight meeting to

Dollar ended as the worst performing one last week. Selloff somewhat intensified on Friday after poor PMIs indicated that the US economy was already in contraction. Deep fall in benchmark treasury yields dragged down the greenback while traders were betting on a lower terminal rate in Fed’s tightening cycle. Canadian Dollar was the second weakest,

Societe Generale Research discusses the EUR/USD outlook and maintains a bearish bias into year-end. “Open your eyes, look up to the skies and see; Europe’s caught in a landslide: The ECB’s monetary policy matters less, than President Putin’s gas export strategy. Nordstream 1 came back online yesterday, but markets aren’t comforted. Not when even the

Gold slumped to a 16-month low last week but managed to recover and end the week with a 1.1 per cent gain bringing a halt to its five week losing streak. Despite the recovery, there is little encouragement for yjegold bulls as they face the next big challenge which is the Fed‘s monetary policy decision

Canadian Dollar softens mildly in early US session after consumer inflation data. While CPI hit another near four-decade high, the reading was far below market expectations. On the other hand, New Zealand and Australian Dollar remains generally firm. Dollar is recovering slightly but stays as the worst performer for the week so far, as it’s

Headlines: Markets: NZD leads, EUR lags on the day European equities lower; S&P 500 futures down 0.2% US 10-year yields down 4.6 bps to 2.973% Gold down 0.2% to $1,706.53 WTI crude down 1.7% to $102.48 Bitcoin up 1.8% to $23,703 The session started with a light dash of optimism and some dollar sluggishness but

NEW DELHI: Gold prices were trading almost flat on Wednesday as the weakness in the dollar was balanced by rate-hike fears by the US Fed next week. The yellow metal failed to make the most of a pullback in the dollar, with demand for bullion being restrained amid prospects of aggressive monetary policies and rising

Dollar was the strongest one for most part of the week, and even breached parity against Euro. But the greenback pared gains on late turn in market sentiment, and ended as the second best only. Swiss Franc was surprisingly the best performer, while Kiwi was the third. Yen was the weakest one, as selloff continued

The US retail sales were anticipated today along with the Univ. of Michigan consumer sentiment. Recall from last month, the sharp fall in consumer sentiment was a catalyst for the Fed to hike by 75 basis points as concerns about inflation threatened the growth prospects in the economy.. For retail sales, after stronger than expected