The dollar held onto modest gains against other major counterparts on Tuesday, as the approval of a major tax reform plan by the U.S. Senate continued to support demand for the greenback. The greenback strengthened after the U.S. Senate passed a tax overhaul package over the weekend amid expectations that tax cuts for corporations will […]
The pound pared back losses on Tuesday after falling sharply earlier amid a fresh deadlock in Brexit talks, but remained on the back foot after data showing that growth in the dominant UK service sector slowed in November. GBP/USD was at 1.3423 by 04:57 AM ET (09:57 AM GMT), after falling as low as 1.3373 earlier. […]
The dollar eased against a basket of the other major currencies on Tuesday, but remained in sight of two-month lows as investors remained cautious ahead of a possible Senate vote on a U.S. tax plan later in the week. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, […]
Gold prices drifted higher on Monday, as investors looked ahead to a busy week of Federal Reserve speakers for fresh clues on the likely trajectory of monetary policy. Comex gold futures inched up $4.70, or about 0.4%, to $1,292.02 a troy ounce by 3:05AM ET (0805GMT). Gold futures finished modestly lower in an abbreviated session on Friday […]
Crude prices were a bit lower on Monday, as energy markets looked ahead to this week’s Organization of Petroleum Exporting Countries’ (OPEC) highly-anticipated meeting to see whether major producers plan to extend their current production-cut agreement. U.S. West Texas Intermediate (WTI) crude futures lost 57 cents, or about 1%, to $58.38 a barrel by 3:40AM ET (0840GMT). It rose […]
Gold prices were little changed on Friday, as the U.S. dollar began to mildly recover from sharp losses posted in the previous session, although the minutes of the Federal Reserve’s latest policy meeting continued to weigh on the greenback. Comex gold futures were little changed at $1,291.23 a troy ounce by 03:00 a.m. ET (07:00 GMT). Trade volumes were […]
The dollar was hovering at a fresh one-month low against other major currencies in quiet trade on Friday, as the minutes of the Federal Reserve’s latest policy meeting continued to dampen demand for the greenback. Trade volumes were expected to remain thin with U.S. markets open for only half a day on Friday after the Thanksgiving holiday […]
Gold prices were higher in early dealings on Wednesday, extending gains from the last session as investors looked ahead to minutes of the Federal Reserve’s latest policy meeting for further hints on the likely trajectory of monetary policy in the U.S. in the months ahead. Comex gold futures were up about $2.00, or around 0.2%, to $1,283.53 […]
The dollar slid lower against a basket of the other major currencies on Wednesday as low U.S. government bond yields continued to weigh despite stronger risk appetite in the broader financial markets. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.2% to 93.70 by 03:42 […]
Gold prices were higher in early dealings on Tuesday, rebounding from its biggest one-day percentage drop in more than two-months as investors awaited fresh signals about the likely trajectory of monetary policy in the U.S. in the months ahead. Traders were also keeping an eye on safe-haven demand for the precious metal after U.S. President […]
