Business News Asia
Gold futures closed higher on Wednesday, January 25th, supported by a weak dollar and expectations that the US Federal Reserve (Fed) will slow down on raising interest rates at its upcoming meeting. Analysts at City Index noted that gold futures…
Gold futures closed for a fourth straight day on Tuesday, January 24th, with markets still buoyed by expectations that the Federal Reserve (Fed) will slowdown a rate hike at its weekly meeting. In addition, the dollar’s depreciation is also a…
Gold futures closed higher on Monday, January 23rd, buoyed by expectations that the Federal Reserve (Fed) will delay a rate hike at its next meeting next week. Gold continues to move at its highest level since April 2022, driven by…
Last week, the Egyptian pound experienced a sharp depreciation, falling to around 32 to the dollar from 27.60 at the start of the week. However, by Monday’s close, the pound had rebounded to 29.61 to the dollar. Despite this short-term…
Gold futures closed lower on Tuesday (Jan. 10) as a strong dollar and rising U.S. Treasury yields weighed on the gold market. The dollar index was 0.23% higher against a basket of six major currencies at 103.2360, while the yield…
The gold price was almost unchanged in Asia on Monday, defying the negative factors from Friday, when the U.S. nonfarm payrolls data came in better than expected. The spot price of gold rose slightly by 0.15% to $ 1,801.00 per…
Gold futures closed lower on Monday (Nov. 28) under pressure from a strong dollar. Whereas investors are watching the statements of the Chairman of the Federal Reserve (Fed) for signs of the direction of the U.S. economy and inflation. The…
Vice President Mahamudu Bawumia has stated on Facebook that the Ghanaian government is planning steps to buy oil with gold. As a result, energy prices will no longer depend on the exchange rate of the local currency, the cedi, and…
Investors are eagerly looking ahead today to the release of the FOMC meeting minutes from the last meeting for an indication of where the Fed rate journey is headed. Markets are expecting a smaller rate hike of 50 basis points…
The Hong Kong Monetary Authority (HKMA) purchased Hong Kong dollars in the New York market for HK$3.054 billion (US$389.1 million) to limit the depreciation of the HK dollar below its pegged level. According to the HKMA, the acquisition will bring…
