Gold prices continued to hover near two-and-a-half week highs on Friday, despite a mild rebound in the greenback as trading volumes were expected remain subdued ahead of the Christmas holiday. Comex gold futures were little changed at $1,271.30 a troy ounce by 03:00 a.m. ET (07:00 GMT), close to Thursday’s two-and-a-half week high of $1,272.50. The greenback […]
(Reuters) – Oil prices on Friday dipped away from some of their highest levels since 2015, weighed down by rising U.S. output and the expected January re-opening of the Forties pipeline in the North Sea. Despite this, markets remained well supported by ongoing supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) […]
The dollar edged higher against other majors currencies on Friday, as U.S. data and the vote of a major U.S. tax reform plan lent some support to the greenback. Trading volumes were expected to remain ahead of the Christmas holiday on Monday. Data on Thursday showed that the U.S. economy grew 3.2% in the third quarter, which […]
The dollar held steady neat two-and-a-half week lows against other majors currencies on Thursday, as optimism surrounding U.S. tax reform plans continued to wind down ahead of the Christmas holiday. The greenback showed little reaction after the House of Representatives gave final approval on Wednesday to the biggest U.S. tax overhaul in 30 years, marking a major […]
Gold prices remained supported on Wednesday, as optimism over a major U.S. tax overhaul quickly waned and offered no support to the dollar. Trading volumes were expected to become more and more thin throughout the week, ahead of the Christmas holiday. Comex gold futures were up $2.70 or about 0.21% at $1,266.80 a troy ounce by 03:00 […]
The dollar was little changed against other majors currencies on Wednesday, as optimism surrounding a major U.S. tax reform bill began to subside. Trading volumes were expected to become more and more thin throughout the week, ahead of the Christmas holiday. The greenback showed little reaction after the House of Representatives on Tuesday approved the […]
Gold prices were hovering near a two-week high on Tuesday, as caution surrounding U.S. tax reform plans and ahead of U.S. housing sector data dampened demand for the U.S. dollar. Trading volumes were expected to become more and more thin throughout the week, ahead of the Christmas holiday. Comex gold futures were up $1.70 or about 0.13% […]
The dollar held steady against other majors currencies on Tuesday, as investors remained cautious regarding progress on the U.S. tax reform front and as they awaited the release of U.S. housing sector data due later in the day. Trading volumes were expected to become more and more thin throughout the week, ahead of the Christmas […]
Gold prices edged higher on Monday, as the U.S. dollar pulled back despite mounting hopes that a major U.S. tax reform can be passed before the end of the year. Comex gold futures were up $2.10 or about 0.16% at $1,259.70 a troy ounce by 03:00 a.m. ET (07:00 GMT), just off Friday’s one-and-a-half week high of […]
The dollar slipped lower against other majors currencies on Monday, but remained supported by hopes a major U.S. tax overhaul will be passed before the Christmas holiday. The greenback was lifted after Republicans on Friday put the finishing touches on a sweeping tax overhaul bill. They are confident Congress will now pass the tax bill […]
