Gold prices were hovering near one-week highs on Friday, as fresh concerns over U.S. tax reform plans weighed on the dollar and as markets were still digesting the Federal Reserve’s latest policy statement. Comex gold futures were up $1.80 or about 0.15% at $1,258.90 a troy ounce by 03:00 a.m. ET (07:00 GMT), just off a one-week […]
The dollar slipped lower against other major currencies on Friday, amid fresh concerns over U.S. tax reform plans and as the Federal Reserve’s most recent policy statement continued to weigh. The greenback came under pressure after two U.S. Republican senators on Thursday sought changes to the proposed U.S. tax reform bill. The bill needs a […]
Gold rose to a one-week high on Thursday as the Federal Reserve raised interest rates amid growing concern that inflation is stagnating. Comex gold futures rose 0.74% to $1,257.80 a troy ounce as of 4:57 AM ET (09:57 AM GMT). The Federal Open Market Committee on Wednesday raised rates for the third time in 2017 as expected, […]
The dollar held steady against other major currencies on Thursday, as markets were still digesting the Federal Reserve’s latest policy statement, while looking ahead to a string of U.S. economic reports due later in the day. In a widely expected move, the Fed raised interest rates by 0.25 basis points to 1.50% at the conclusion of its […]
Crude prices were higher in early dealings on Wednesday, bouncing back from the prior session’s losses amid speculation weekly supply data due later in the day will show a sizable decline in U.S. oil supplies. The U.S. Energy Information Administration will release its official weekly oil supplies reportfor the week ended Dec. 8 at 10:30AM ET […]
The dollar was steady against a basket of the other major currencies on Wednesday ahead of a widely expected rate hike from the Federal Reserve later in the day. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 94.04 by 03:50 AM ET (08:50 AM GMT), after dipping […]
The dollar dipped against a basket of the other major currencies on Tuesday as investors awaited this week’s Federal Reserve meeting, while the New Zealand dollar hit one-month highs after the appointment of a new central bank head. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, edged […]
The dollar remained supported at two-and-a-half week highs against other major currencies on Friday, amid mouting optimism over a major U.S. tax reform plan and as investors eyed the release of key U.S. employment data due later in the day. The greenback was boosted after the U.S. Congress on Thursday passed legislation to temporarily fund the […]
Gold prices sank to a four-month low in early dealings on Thursday, as optimism towards U.S. lawmakers’ making progress on tax legislation continued to grow while fears over a potential government shutdown receded. Comex gold futures were at $1,260.80 a troy ounce by 3:05AM ET (0805GMT), down $5.50, or about 0.4%, from the last session’s closing price. […]
The dollar held onto gains against other major counterparts on Thursday, as investors continued to focus on U.S. tax reform discussions amid hopes the bill will be passed before Christmas. The greenback found supported after U.S. Senate Republicans agreed to talks with the House of Representatives on a major tax reform bill on Wednesday, signaling […]
