The dollar edged lower against a basket of the other major currencies on Monday after its recent rally to multi-month highs stalled amid diminished expectations for an aggressive pace of monetary tightening by the Federal Reserve this year. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was […]
Crude prices edged higher in early action on Wednesday, bouncing back from the prior session’s losses as investors looked ahead to fresh weekly data on U.S. commercial crude inventories to gauge the strength of demand in the world’s largest oil consumer and how fast output levels will continue to rise. The U.S. Energy Information Administration […]
The dollar eased, but remained supported close to four-month highs against a currency basket on Wednesday ahead of a Federal Reserve meeting that is expected to point to another two or possibly even three rate hikes this year. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was […]
Gold prices rebounded from two-month lows on Wednesday as the dollar pulled away from multi-month highs amid profit taking ahead of the conclusion of the Federal Reserve policy meeting later in the day. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were up $4.10 or 0.31% to $1,310.90 […]
Gold prices fell on Wednesday, nearing their recent two-week lows as a stronger dollar and rising Treasury yields weighed on demand for the precious metal. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.30 or 0.54% to $1,325.90 a troy ounce by 04:41 AM ET (08:41 […]
The U.S. dollar rose to seven-week highs against a currency basket on Wednesday, driven by rising Treasury yields with the U.S. 10-year bond yield reaching its highest level since early 2014. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.31% to 90.84 by 03:56 AM ET […]
Gold prices held steady on Tuesday as the dollar remained little changed against a currency basket as fears over a possible trade war between the U.S. and China eased after Chinese President Xi Jinping promised to lower import tariffs. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were […]
The dollar rose against the yen on Tuesday as fears over a simmering trade spat between the U.S. and China eased after Chinese President Xi Jinping promised to lower import tariffs. Speaking at the Boao Forum for Asia, Xi said that China would lower import tariffs on vehicles, encourage imports and strengthen the protection of […]
The dollar slipped lower against a basket of the other major currencies on Tuesday as rising global trade tensions continued to weigh on market sentiment. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.18% to 89.53 by 03:20 AM ET (07:20 AM GMT). Investors […]
Gold prices moved lower on Tuesday, trimming some of the previous day’s gains as U.S. stock futures pointed to a recovery on Wall Street following Monday’s selloff, dampening safe haven demand for bullion. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $5.60 or 0.42% to $1,341.10 a […]
