Gold prices have been under pressure since this morning today. Prices continued trading downside as stronger than expected U.S. inflation. And labor market data saw fears of more Fed rate hikes come back into focus, in past three trading sessions. Gold prices plunged to the one week low yesterday. While
It was a volatile day for the entire market yesterday. After swinging in between gains and losses, the US dollar index settled at 101.532, with a minor gain 0.08%. U.S. dollar jumped to the day’s high as weaker-than-expected U.S. economic growth in the first quarter is not likely to deter
The U.S. dollar gave up its yesterday gains, and slipped nearly 0.71% yesterday. Stronger than expected earnings from tech heavyweights Microsoft. And Google owner Alphabet, have helped to improve sentiment which resulted in the recent fall in dollar. Euro gained after the forward looking German GfK consumer sentiment index came in
Copper prices plunged to a seven week low yesterday. It was the biggest intraday fall since 23 February 2023. The strong dollar and as jitters about the global economic outlook resulted in drastic fall in base metals prices. The dollar rose on deepening worries about corporate earnings and the global
After seven consecutive day’s falling stick, Crude oil was able to recover around 1.39% yesterday. Prices found support from the ground after the US dollar slipped against its major counterpart amid optimism that holiday travel in China would increase fuel demand in the world’s second-biggest economy. Greenback weakens as caution
Dollar index retreated by 0.36% yesterday. Currency drop slightly as after the Japanese yen fell ahead of a closely watched Bank of Japan meeting. Scheduled to release later this week. And the last few data releases before Federal Reserve and European Central Bank interest rate decisions in early May. The
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.
Gold prices retreated nearly half percent this morning today. Prices dropped weighed by firm expectations that the US Federal Reserve will raise interest rates again in May. Amid a string of weak economic readings brewed concerns over slowing growth and fed into safe haven demand for the yellow metal. Adding
Dollar index had a neutral trade yesterday. Currency struggled for direction as growing fears of more interest rate hikes by major central banks, while concerns over slowing economic growth also kept traders wary of risk-driven assets. Dollar came under slight pressure from gains in the euro and the pound following
Jitters about U.S. Federal Reserve interest rate hikes have resulted in smart recovery in the dollar index yesterday. That added pressure in precious metal, crude oil prices and base metals also. Gold prices retreated by 0.33%, testing day’s low 59653 before closing at 60288. Silver prices dipped to the
