• posted by IMV |
  • 14/12/2018

Gold prices fell on Friday and were on track to mark their biggest weekly decline in five weeks due to a firmer dollar, as investor focus shifted towards an expected U.S. interest rate hike next week. The U.S. central bank is widely expected to raise interest rates at its Dec. 18-19 meeting, its fourth rate hike this year, though greater focus will centre on the policy outlook for 2019, over which there is more uncertainty. Market...

  • posted by IMV |
  • 13/12/2018

Gold prices slipped on Thursday as the dollar steadied, and equities climbed on signs of easing trade tensions between the United States and China. China appears to be easing its high-tech industrial development push, dubbed “Made in China 2025,” which has long irked the United States, while it also made its first major U.S. soybean purchases in more than six months on Wednesday. However, analysts see uncertainties around the Brexit deal and...

  • posted by IMV |
  • 10/12/2018

Gold prices were steady on Monday, having touched a fresh five-month peak early in the session, as the dollar weakened after a soft U.S. jobs report fuelled speculation that the Federal Reserve may stop raising interest rates sooner than expected. The dollar slid against the euro and the yen after data showed U.S. non-farm payrolls increased by 155,000 jobs last month, below economists’ median forecast of 200,000 jobs, and the wage increase...

  • posted by IMV |
  • 07/12/2018

Gold prices are trading higher on Friday and were on track for their best week in 15, as the dollar weakened on renewed speculation of an imminent pause in the U.S. Federal Reserve’s tightening cycle. Markets now await U.S. nonfarm payrolls data, expected at 7pm, for clues about the health of the world’s biggest economy which could influence monetary policy. Non-farm payrolls for November are expected to fall by 200,000 jobs. U.S....

  • posted by IMV |
  • 06/12/2018

Gold prices are trading lower on Thursday as investors booked profits and the dollar strengthened. U.S. Federal Reserve policymakers are to gather at a Dec. 18-19 meeting, at which the central bank is widely expected to raise interest rates. Although a rate hike is already priced in, markets will be closely watching the meeting for clues on rate-hike timings in 2019. The market now awaits Friday’s U.S. non farm payrolls data for...

  • posted by IMV |
  • 05/12/2018

Gold prices slipped on Wednesday as the dollar edged up. Asian stocks fell on Wednesday, dragged by Wall Street's tumble as sharp declines in long-term U.S. Treasury yields and resurgent trade concerns stoked investor worries about global economic growth. One of the most influential Federal Reserve policymakers said on Tuesday he expects further interest rate hikes continuing next year since the U.S. economy is "in really good shape,"...

  • posted by IMV |
  • 04/12/2018

Gold prices hit a more than three-week high on the starting of this week on a weaker dollar, as a trade ceasefire between the United States and China revived investor demand for riskier assets. Washington and Beijing agreed to halt additional tariffs in a deal that keeps their trade war from escalating as the two sides try again to bridge their differences with fresh talks aimed at reaching an agreement within 90 days. Powell is scheduled to...

  • posted by IMV |
  • 03/12/2018

Gold prices hit a more than three-week high on Monday on a weaker dollar, as a trade ceasefire between the United States and China revived investor demand for riskier assets. Washington and Beijing agreed to halt additional tariffs in a deal that keeps their trade war from escalating as the two sides try again to bridge their differences with fresh talks aimed at reaching an agreement within 90 days. Powell is scheduled to testify before a...

  • posted by IMV |
  • 30/11/2018

Gold prices held range-bound on Friday as the dollar trod water after U.S. President Donald Trump sent mixed signals about the prospects for a trade deal with Beijing. Donald Trump and Chinese leader Xi Jinping are expected to discuss trade on the side lines of the G20 summit in Argentina on Saturday, where global trade tensions are expected to dominate the agenda. Any positive development will be negative for the dollar index, which has...

  • posted by IMV |
  • 28/11/2018

Gold prices are trading on weaker note on Wednesday after surge in the dollar index for third consecutive trading session. US Federal Reserve's Vice Chairman vowed for more interest rate hikes in the day to come as economy is on growth path in terms of labour market condition and inflation level. US President Donald Trump is open to reaching a deal on Sino-US trade spat when both the leaders meet on Thursday but ready to hike tariffs if...