The dollar slipped lower against a currency basket on Monday as traders remained cautious amid escalating trade tensions after China increased tariffs on U.S. imports, adding to fears over the prospect of a trade war. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.16% […]
The dollar pushed higher against a basket of the other major currencies on Wednesday as trade tensions remained elevated following reports that China will soon announce a list of retaliatory tariffs on U.S. imports. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.16% to 89.10 […]
Gold prices backed away from five-week highs on Tuesday as the dollar pushed higher and risk appetite was revived by hopes that the threat of a trade war between the U.S. and China could be averted. Gold futures for April delivery on the Comex division of the New York Mercantile Exchange slipped $3.4 or 0.26% […]
LONDON (Reuters) – The euro fell back from a five-week high on Tuesday, as concerns about weak inflation and a slowdown in company borrowing raised questions about the momentum of the euro zone’s economic expansion. After a big gain on Monday, the euro had added another 0.3 percent to hit $1.2473 (EUR=) in early European […]
Gold prices spiked to a one-month high in mid-morning European trade on Friday as mounting fears over the prospect of a trade war stoked demand for the precious metal. Gold futures for April delivery on the Comex division of the New York Mercantile Exchange rose by $13.80, or 1.04%, to $1,341.20 a troy ounce. Invoking […]
LONDON (Reuters) – Sterling rose to a seven-week high on Thursday as retail sales beat expectations and traders prepared for a Bank of England meeting at which the central bank is expected to flag a rate rise in May. The pound, helped by a dollar that weakened overnight following the U.S. Federal Reserve meeting, has […]
Gold prices were trading near their highest levels in two weeks in European mid-morning trade on Thursday, boosted by a softer dollar after a less hawkish than expected Federal Reserve and growing concerns over trade tariffs. Gold futures for April delivery on the Comex division of the New York Mercantile Exchange were up $9.7 or […]
Gold prices moved higher on Wednesday, as sentiment on the greenback weakened ahead of the Federal Reserve monetary policy decision due later in the day. Comex gold futures were up 0.21% at $1,314.7 a troy ounce by 03:05 a.m. ET (07:05 GMT), off the previous session’s two-week lows of $1,306.8. The Fed is widely expected […]
The dollar was lower against a currency basket on Wednesday as investors awaited the conclusion of the Federal Reserve’s meeting later in the day, when it was expected to announce its first rate hike of the year. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down […]
Gold prices were hovering at 2-week lows on Monday, as the U.S. dollar regained some strength ahead of this week’s Federal Reserve policy meeting, although ongoing U.S. political woes were expected to limit the greenback’s gains. Comex gold futures were down 0.22% at $1,309.7 a troy ounce by 03:20 a.m. ET (07:20 GMT), just off […]
