Gold prices rose marginally on Friday as a broadly weaker US dollar and growing tensions in the Middle East lifted bullion’s appeal. The April gold futures were trading at Rs 62,062 per 10 grams on the MCX at 10:33 am and were up by Rs 85 or 0.14% from Thursday’s closing price. Meanwhile, the March …
March 19 (Reuters) – Gold prices retreated on Tuesday as the dollar strengthened a day before the Federal Reserve signals its interest rate stance at the end of the U.S. central bank’s two-day policy meeting. Spot gold fell 0.2% to $2,155.93 per ounce as of 2:18 p.m. EDT (1817 GMT), hovering close to the one-week …
Gold loses footing as US dollar rises; Fed in focus قراءة المزيد »
NEW YORK, March 12 (Reuters) – The U.S. dollar rose in choppy trading on Tuesday, after data showed hotter-than-expected inflation last month for the world’s largest economy, slightly paring back expectations of an interest rate cut by the Federal Reserve at its June policy meeting. It was a volatile session, with the U.S. dollar initially …
FOREX US dollar advances after firmer-than-expected inflation data قراءة المزيد »
A country with a strong economy will attract investment from around the world. Investors will perceive safety and the ability to achieve an acceptable rate of return on investment. Since investors seek out the highest yield, an increase in investment, particularly from abroad, creates a strong capital account and a high demand for U.S. dollars. …
Central Bank Interest Rate Decisions Looming As economies worldwide begin to display signs of strain, the upcoming Central Bank interest rate decisions hold significant importance. Amidst this backdrop, the dollar rally witnessed at the onset of 2024 persists, with the USD demonstrating strength against all other G10 currencies throughout the past week. USD Performance and …
At the onset of the short trading week due to holidays, US inflation is witnessing a considerable downturn from the 40-year highs observed in the summer of 2022. However, it remains elevated above the Federal Reserve’s official 2% target. Federal Reserve’s Economic Projections and Policy Outlook At their latest policy meeting, officials revisited their economic …
Emerging market (EM) demand for gold provided not only a ballast to lacklustre developed market (DM) activity but also helped drive gold prices to record highs. Central bank demand, primarily from EM institutions, was a significant contributor: we estimate this added up to 15% to gold’s annual performance Bond yields, despite hitting a 15-year high …
Gold Market Commentary: Gold hit new highs in 2023 قراءة المزيد »
At the outset of the trading week, gold prices continue their upward trajectory, nearing the resistance level of $2182 per ounce amidst holiday-shortened sessions. This ascent brings them in close proximity to the psychological barrier of $2200 per ounce, reflecting resilience in the face of market dynamics. Gold Analysis Today 26/3: Geopolitical Tensions Amidst geopolitical …
Boosting Returns: The Impact of Exchange Rates on U.S. Investors قراءة المزيد »
The US Dollar (USD) adds gains, which probably will be used by US Dollar bulls as a buffer ahead of the data points later this week, in an attempt to defend that 104.00 level in the US Dollar Index (DXY). Markets are not really seeing a main driver for the turnaround, so this move should …
US Dollar extends gains ahead of US GDP and PCE data later this week قراءة المزيد »
The dollar’s performance against the euro and other global currencies in 2024 has showcased modest strength, marking a notable shift from previous trends. As of mid-February, the dollar recorded a 2.68% rise against the euro, reflecting renewed investor interest in U.S. assets. Despite some fluctuations, the dollar maintained its upward trajectory, ending February with a …
Analyzing Dollar Strength in 2024: Insights and Trends قراءة المزيد »
At the onset of a new trading week, central banks continue to scrutinize inflation data, with the Bank of England maintaining its Bank Rate at 5.25%. This decision marks the fifth consecutive hold since August last year, reflecting cautious optimism amidst evolving economic indicators. Monetary Policy Committee’s Decision H2: Consensus and Dissent The Monetary Policy …
21 March: Rate-Setters Want More Evidence Inflation Is Beaten قراءة المزيد »
In the early American session on Tuesday, the price of gold (XAU/USD) rallied above a two-day high, nearing the $2,190 mark. This uptick comes as the US Dollar experiences a correction. The Dollar faces downward pressure as Federal Reserve (Fed) policymakers signal a growing confidence in easing price pressures. Despite recent hot inflation readings in …
Gold Price Surges Above $2,190 Amid Dollar Correction قراءة المزيد »
Throughout centuries, analysts have delved into the correlation between gold and inflation. While gold prices may experience short-term volatility, a broader analysis spanning longer periods indicates that gold not only correlates with inflation but also serves as a hedge against it. Similarly, silver is often utilized by investors for inflation hedging purposes. Defining Inflation Contrary …
Gold and Inflation: Understanding the Relationship قراءة المزيد »
Introduction The US dollar index finds itself at a critical juncture, teetering on the edge of a potential third consecutive monthly gain. Despite hovering around the open price for March and encountering resistance at a key trendline, the dollar’s trajectory remains uncertain. Furthermore, a review of recent data reveals a slight erosion in the dollar’s …
US Dollar Outlook: April Pressure Looms as GBP/USD Shows Strength قراءة المزيد »
