Dollar had a neutral trade last week. After hitting a weekly high 102.2310 settled at 101.7240, up 0.14%. Gold prices retreated by 0.80%, it slipped from the high of 60689 and settled at 59845. Silver posted 1.35% weekly fall. After hitting a weekly low of 73905, it settled at 74654.
Aluminum prices jumped nearly two and half percent yesterday. That was the biggest single day gain after 16 February 2023. Prices sparked to the eight week high after stronger-than-expected GDP data from China data released. Which boosted optimism over a demand recovery in the country, although fears of rising U.S.
Dollar retreated nearly 0.37% against its major peers. Currency dropped to the day’s low after better-than-forecast growth data from China, while strong pay figures from Britain supported the pound. Gold and Silver prices gained more than 0.51% .Copper prices up by 0.10%, Aluminum up by 2.49%, ZINC and Lead down
Crude oil retreated nearly 2% yesterday pressured by the Iraq federal government and Kurdistan Regional Government (KRG) taking a step towards a resumption in northern oil exports from the Turkish port of Ceyhan after they were halted last month. Further, today prices traded slightly down as upbeat Chinese economic data
Dollar strengthened more than half percent yesterday. It bounced from the one-year low after strong earnings from some of Wall Street’s banking. Giants diluted concerns about the sector, raising expectations of another interest rate hike by the Federal Reserve. Friday saw the release of a strong set of first-quarter 2023
Dollar strengthened against its major peers on Monday. Currency sparked to the day’s high after the April survey of business activity in New York state rose for the first time in five months and bolstered expectations the Federal Reserve will raise interest rates in May. The dollar index, a measure
After witnessing an abrupt bullish move, the white metals retreated significantly and settled in a red. First intraday loss after 5 April 2023 on Friday. Precious metals suddenly slipped more than 1.5% after U.S. dollar rebounded from a one-year low. As bets on a May rate hike jumped after Federal
Lead prices turned positive as softer-than-expected U.S. inflation data spurred bets on an early rate-hike pause by the Federal Reserve. Further, better than expected trade data of China also supported recent gains. According to data from the Bureau of Labor Statistics on Wednesday. The consumer price index for the month
US Dollar weakens more than half percent yesterday which sparked Bullion prices to their multi –week high. Currency drop significantly as softer-than-expected U.S. inflation data spurred bets on an early rate-hike pause by the Federal Reserve, while growing fears of a recession also supported safe haven buying. Fed meeting minutes
Silver prices continued its recent bullish move for the fifth consecutive week. Prices gained more than 3% on a weekly basis. Prices sparked to the new multiweek high wighted by the current economic jitters, global inflation worries and recession fears. The white metal is currently at a nearly one year
