On Friday (Dec. 8), gold futures faced a downward trend, experiencing a 1.56% decline and closing at $2,014.50 per ounce, reflecting pressure from a strengthening dollar and rising US bond yields. The surge in the dollar’s value emerged as traders adjusted their expectations, scaling back anticipations of a US interest rate cut in March next …
Gold Slips 1.5% as Dollar Strengthens Post Robust Employment Data Read More »
As per information from three credible sources, major Chinese state-owned commercial banks engaged in the sale of US dollars within the domestic spot foreign exchange market for a second consecutive day today (Dec. 6). This concerted effort aims to prop up the value of the Chinese Yuan amid mounting pressure on its stability. The Yuan …
Chinese Banks Actively Sell Dollars for Second Consecutive Day to Bolster Yuan’s Value Read More »
The Gold Traders Association disclosed a considerable dip of 200 baht in the price of gold in Thailand, a move attributed to fluctuations in the global gold market. At the market’s opening this morning at 9:01 a.m., gold bars were bought at 33,600 baht per baht and sold at 33,700 baht. Gold jewelry saw purchases …
Dollar Strength Drives Gold Prices in Thailand Down by 200 Baht Read More »
Gold futures sustained a second consecutive day of losses on Tuesday (Dec. 5) as the market grappled with the impact of a bolstered dollar. Simultaneously, investor focus remained fixed on the imminent release of the United States’ non-agricultural employment figures, pivotal in shaping both labor market trends and the Federal Reserve’s (Fed) potential interest rate …
Gold Slips by $5.90 Amid Dollar’s Strength, Investors Await Jobs Data Read More »
The dollar surged against major currencies like the euro and yen, driven by a notable uptick in US bond yields. The euro experienced a marginal 0.06% decline against the dollar, settling at 1.0830, while the yen saw a 0.11% slip, landing at 147.04 yen in relation to the dollar. Investor focus is fixed on the …
Dollar Strengthens as US Bond Yields Propel Currency Read More »
Gold futures faced a notable decline on Monday (Dec. 4) influenced by a robust dollar and a surge in US bond yields, compelling prices downward across precious metal markets. The closing figures for precious metals stood as follows: The decline in gold futures was particularly stark after reaching a new record peak of $2,144.60. This …
Gold Dips by $47.50 as Dollar Strengthens and Bond Yields Rise Read More »
Gold futures surged on Friday (Dec. 1) as the dollar’s decline bolstered the appeal of the precious metal. The pricing of gold contracts in dollars made it an attractive investment for holders of other currencies amid the greenback’s depreciation. The climb was attributed to statements from Mr. Jerome Powell, Chairman of the Federal Reserve (Fed), …
Gold Closes Higher at $2,089.70 on Weakening Dollar Following Powell’s Comments Read More »
Gold futures experienced a downturn on Thursday, culminating in a lower closure at $2,057.20 per ounce, a dip of $9.90 or 0.48%. The prevailing strength of the dollar was identified as the primary factor impacting the market sentiment. The day saw fluctuations across various precious metals: The mounting value of the dollar, exemplified by a …
Gold Slips to $2,057.20/Ounce as Strengthening Dollar Deters Buying Pressure Read More »
The New Zealand dollar experienced a significant surge of 1%, nearly reaching the $0.62 mark, following the Reserve Bank of New Zealand’s (RBNZ) decision to maintain its policy interest rate at 5.5%. The central bank also issued warnings of potential upcoming rate hikes aimed at curbing inflationary pressures. This announcement prompted a robust upswing in …
New Zealand Dollar Surges 1% as Reserve Bank Holds Rates, Hints at Future Hike Read More »
In a robust Tuesday session (Nov. 28), gold futures soared, buoyed by a softening dollar and mounting anticipation that the Federal Reserve (Fed) could halt its ongoing spree of interest rate hikes. Closing the day’s trading, gold futures surged by $27.20, marking a 1.34% increase to settle at $2,060.20 per ounce. Simultaneously, silver futures observed …
Gold Surges to $2,060.20 as Dollar Weakens; Fed Hints at Halting Interest Rate Hikes Read More »