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Gold lackluster as dollar gains ground with central banks in focus

KEY POINTS Spot gold was down 0.1% at $1,805.58, as of 0539 GMT, after rising to $1,810.86 in the previous session, its highest since Jan. 27 U.S. gold futures fell 0.2% to $1,806.10 . . . Gold prices hovered on Thursday below the previous session’s one-week high, as the U.S. dollar regained ground ahead of …

Gold lackluster as dollar gains ground with central banks in focus قراءة المزيد »

Asia-Pacific markets mixed amid lingering growth concerns and geopolitical tensions

KEY POINTS Asia-Pacific markets traded mixed on Thursday amid some lingering concerns about global growth and ongoing geopolitical tensions On the data front, traders will watch the U.S. Labor Department’s nonfarm payroll count due Friday, which is seen as one of the major indicators of the how the U.S. economy is doing Elsewhere, on Wednesday, …

Asia-Pacific markets mixed amid lingering growth concerns and geopolitical tensions قراءة المزيد »

European markets pull back as investors await ECB, Bank of England decisions

KEY POINTS Investors will be focusing on the latest monetary policy decision of the European Central Bank on Thursday, with the region’s inflation data putting pressure on the central bank to act . The Bank of England also announces its latest policy decision on Thursday, with markets expecting a second consecutive rate hike for the …

European markets pull back as investors await ECB, Bank of England decisions قراءة المزيد »

Japan’s Nikkei 225 rises almost 2%; multiple Asia markets remain closed for Lunar New Year holidays

KEY POINTS Shares in Asia-Pacific were higher on Wednesday, with Japan’s Nikkei 225 jumping almost 2% Markets in mainland China, South Korea, Hong Kong and Singapore were closed on Wednesday for the Lunar New Year holidays Overnight stateside, shares on Wall Street rose for a third day . . SINGAPORE — Shares in Asia-Pacific rose …

Japan’s Nikkei 225 rises almost 2%; multiple Asia markets remain closed for Lunar New Year holidays قراءة المزيد »

U.S. dollar falls after private jobs data; euro up as inflation heats up

    The dollar slid to more than a one-week low on Wednesday as data showed a drop in U.S. private sector employment in January due to the increase in COVID-19 infections, easing expectations the Federal Reserve would announce a large interest rate increase at its policy meeting in March In contrast, the euro gained …

U.S. dollar falls after private jobs data; euro up as inflation heats up قراءة المزيد »

Oil little changed after draw in U.S. stocks, eyes on OPEC+ decision

      Oil prices rose on Wednesday towards last week’s seven-year highs after data showing a fall in U.S. crude stocks underlined solid demand, but investors remained cautious ahead of an OPEC+ meeting due later in the day Brent crude climbed 36 cents, or 0.4%, to $89.52 a barrel, before pulling back. The contract …

Oil little changed after draw in U.S. stocks, eyes on OPEC+ decision قراءة المزيد »

Gold gains as U.S. dollar, yields dip after ADP jobs data

      Gold rose on Wednesday as the U.S. dollar and Treasury yields declined after a downbeat jobs report, underpinning demand for the safe-haven metal amid simmering tensions between Russia and the West over Ukraine Spot gold gained 0.4% to $1,808.48 per ounce. U.S. gold futures settled 0.5% higher at $1,810.30 Gold is still …

Gold gains as U.S. dollar, yields dip after ADP jobs data قراءة المزيد »

European stocks close higher on strong earnings; Ocado up 6%

KEY POINTS The pan-European Stoxx 600 closed up 0.5% with most sectors and major bourses in positive territory Earnings came from TeamViewer, Santander, Julius Baer, Glencore, Novartis and Vodafone, among others Annual euro zone inflation hit an all-time high in January, according to preliminary Eurostat figures published Wednesday . . LONDON — European stocks closed …

European stocks close higher on strong earnings; Ocado up 6% قراءة المزيد »

Aussie sinks as RBA stays dovish; dollar idles after drop from 19-month peak

KEY POINTS The Australian dollar slumped on Tuesday after the Reserve Bank of Australia vowed to remain patient about raising interest rates, even in the face of the hottest inflation since 2014 The U.S. dollar nursed its wounds following its biggest drop in nearly three weeks against major peers overnight, as Federal Reserve policymakers allayed …

Aussie sinks as RBA stays dovish; dollar idles after drop from 19-month peak قراءة المزيد »

Gold muted as weaker dollar counters rate hike bets

KEY POINTS Gold prices were flat on Tuesday, as a weaker dollar countered concerns about potential interest rate hikes, while investors waited for a slew of economic data to gauge the strength of global economies . The dollar index moved away from multi-month peaks, as investors consolidated gains after the currency hit a 1-1/2-year high …

Gold muted as weaker dollar counters rate hike bets قراءة المزيد »

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