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Gold dips nearly 1% as robust U.S. jobs data eases recession concerns

Gold prices extended losses to slide nearly 1% on Friday as an encouraging U.S. jobs report eased recession worries and raised hopes the Federal Reserve will stick to its aggressive tightening path. Spot gold fell 0.92% to $1,774.97 per ounce, while U.S. gold futures eased 0.87% to $1,791.1. “Gold had recently rallied on the thought …

Gold dips nearly 1% as robust U.S. jobs data eases recession concerns قراءة المزيد »

Gold resumes climb as U.S. dollar, yields pull back

Gold neared a one-month high on Thursday as a pullback in the dollar and U.S. Treasury yields provided support ahead of a key U.S. jobs report that could influence the Federal Reserve’s policy stance. Spot gold rose 1% to $1,781.99 per ounce, while U.S. gold futures gained 1.2% to $1,798.20. There are factors building that …

Gold resumes climb as U.S. dollar, yields pull back قراءة المزيد »

Oil prices rebound after dropping to lowest in months on weak U.S. demand

Oil prices rose in early Asian trade on Thursday, bouncing off multi-month lows in the previous session caused by data signaling weak U.S. fuel demand. Brent crude futures rose 27 cents to $97.08 per barrel, while West Texas Intermediate (WTI) crude futures added 65 cents to trade at $91.31. Both benchmark fell to their weakest levels since February …

Oil prices rebound after dropping to lowest in months on weak U.S. demand قراءة المزيد »

Dollar edges down as impact of hawkish Fed commentary fades

The dollar slipped against most major currencies on Thursday as the positive impact of hawkish Federal Reserve comments faded and investors waited for more signs on the data front to confirm that more large rate hikes to curb inflation were coming. The Bank of England was widely expected to raise interest rates by the most …

Dollar edges down as impact of hawkish Fed commentary fades قراءة المزيد »

European markets slightly lower as cautious sentiment persists; Avast up 42%

KEY POINTS It’s a busy day for earnings in Europe, with Commerzbank, SocGen, BMW, Banco BPM, Siemens Healthineers and Veolia and Wolters Kluwer among the companies reporting before the bell. In regular hours trading in the U.S., House Speaker Nancy Pelosi’s controversial visit to Taiwan weighed on investors, who worried it would further strain already tense U.S.-China …

European markets slightly lower as cautious sentiment persists; Avast up 42% قراءة المزيد »

Dollar climbs with U.S. yields after Fed doves say expect more rate hikes

KEY POINTS The U.S. dollar remained elevated on Wednesday following its biggest surge in three weeks against major peers overnight, with Federal Reserve officials talking up the potential for further, aggressive interest rate hikes. The U.S. dollar index, which gauges the currency against six major peers including the yen, was 0.05% higher at 106.50, after …

Dollar climbs with U.S. yields after Fed doves say expect more rate hikes قراءة المزيد »

Gold falls as U.S. dollar, yields rise on hawkish Fed comments

KEY POINTS Gold slipped on Wednesday as the dollar and U.S. Treasury yields advanced after hawkish comments from Federal Reserve officials hinted at continuing aggressive interest rate hikes in the near term. Spot gold was down 0.2% at $1,757.08 per ounce, as of 0105 GMT, after hitting a near one-month high of $1,787.79 on Tuesday. …

Gold falls as U.S. dollar, yields rise on hawkish Fed comments قراءة المزيد »

European stocks retreat, tracking global risk-off sentiment; Travis Perkins down 10%

KEY POINTS Earnings remain a key driver of individual share price movement. BP, Ferrari, Maersk and Uniper were among the major European companies reporting before the bell on Tuesday. The pan-European Stoxx 600 finished Monday’s trading session fractionally lower to begin August, after closing out its best month since November 2020. LONDON — European markets …

European stocks retreat, tracking global risk-off sentiment; Travis Perkins down 10% قراءة المزيد »

Oil prices slip as weak manufacturing data stokes recession fears

KEY POINTS Oil prices edged lower on Tuesday, extending losses from the previous session, as investors worried about global oil demand following weak manufacturing data in several countries. Brent crude futures fell 29 cents to $99.74 a barrel by 0002 GMT, with WTI crude futures down 22 cents at $93.67 a barrel. Oil prices edged …

Oil prices slip as weak manufacturing data stokes recession fears قراءة المزيد »

Gold climbs four-week peak as U.S. Treasury yields, dollar fall

KEY POINTS Gold hit a four-week high on Tuesday, as a weaker dollar and a dip in U.S. Treasury yields boosted demand for the safe-haven metal amid mounting worries over an economic slowdown. Spot gold was up 0.4% at $1,778.69 per ounce, as of 0044 GMT, its highest since July 5. U.S. gold futures gained …

Gold climbs four-week peak as U.S. Treasury yields, dollar fall قراءة المزيد »

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