The U.S. dollar dropped to fresh three-year lows against other major currencies on Wednesday, as the euro continued to broadly strengthen and as the end of the U.S. government shutdown failed to give much momentum to the greenback. The euro has been strongly supported this year boosted by growing optimism the European Central Bank will […]
Gold prices edged higher on Tuesday, supported by a weaker U.S. dollar languishing near three-year lows after U.S. lawmakers reached a deal to end a government shutdown. Comex gold futures were at $1,336.10 a troy ounce by 3:15AM ET (0815GMT), up around $4.00, or 0.3%, from the last session’s closing price. Meanwhile, silver futures tacked […]
Gold prices edged lower to start the week on Monday, as investors took a relatively calm view of the partial shutdown of the U.S. federal government. Comex gold futures were at $1,331.10 a troy ounce by 3:20AM ET (0820GMT), down around $2.00, or 0.2%, from the last session’s closing price. Meanwhile, silver futures inched down […]
The dollar slipped lower against a basket of the other major currencies on Thursday as the euro regained ground after retreating from a three year peak in the previous session. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.15% to 90.51 by 03:24 AM […]
The dollar moved higher against a currency basket on Wednesday as the euro paused after having rallied to more than three year highs overnight amid growing expectations that the European Central Bank will scale back stimulus this year. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, […]
The dollar slid to fresh three-year lows against a currency basket on Monday as demand for the euro continued to be underpinned by speculation that the European Central Bank is preparing to scale back its massive stimulus program. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, […]
Gold prices started the week on the front-foot on Monday, hitting their highest level since September as the dollar languished at three-year lows against a basket of currencies. Dollar weakness usually benefits gold, as it boosts the metal’s appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies. Comex gold […]
Gold prices were trading at four-month highs on Friday, as sentiment on the greenback remained vulnerable following weak U.S. data released on Thursday and ahead of key retail sales and inflation reports due later in the day. Comex gold futures were up 0.38% at $1,327.60 a troy ounce by 03:00 a.m. ET (07:00 GMT), the […]
The dollar was hovering near four-month lows against other major currencies on Friday, as Thursday’s downbeat U.S. economic reports still weighed and investors eyed the release of key U.S. retail sales and inflation data due later in the day. The greenback came under pressure after the U.S. Department of Labor reported on Thursday that initial […]
Gold prices inched lower in early dealings on Thursday, as the dollar recovered against major rivals after China’s regulator called a report about Beijing slowing or halting of its U.S. bond buying possibly wrong. Comex gold futures were at $1,316.70 a troy ounce by 3:05AM ET (0805GMT), down $2.70, or about 0.2%, from the last […]
