Gold price drops on firm US yields, strong USD after solid US data
Gold prices reversed course on Friday, moving down more than 1.70%. Economic data from the United States (US)…
2024
Breaking: BoE leaves interest rate unchanged at 5.25% as expected
The Bank of England (BoE) announced on Thursday that it left the policy rate unchanged at 5.25%, as…
Bank of England expected to hold rates ahead of elections, GBP/USD set to rock
The Bank of England (BoE) is set to leave interest rates unchanged – if only because of the…
US Dollar gets to keep weekly gain for a second week in a row
The US Dollar (USD) rallies on Friday as traders flee out of the Japanese Yen (JPY) and the…
Gold trades in familiar range following mixed signals from US economy
Gold (XAU/USD) trades marginally higher, exchanging hands in the $2,330s on Friday. Asian bourses lacked directionality overnight and…
Mexican Peso finds a floor as Obrador says Peso is backed by “strong economy”
The Mexican Peso (MXN) seesaws between tepid gains and losses on Thursday after bottoming out at an 18-month…
Natural Gas trades near key support as Fed decision snaps June rally
Natural Gas price (XNG/USD) recovers slightly on Thursday close to the pivotal technical support at $3.08 after declining…
Japanese Yen loses ground, while US Dollar remains stable ahead of Fed decision
The Japanese Yen (JPY) has been on a losing streak for the fourth day in a row on…
US CPI data Preview: Headline inflation set to steady in May, core inflation to inch down
The Bureau of Labor Statistics (BLS) is gearing up to release the Consumer Price Index (CPI) data for…
Gold continues bearish tone on outlook for US interest rates
Gold (XAU/USD) is down by a quarter of a percent on Tuesday after encountering resistance at $2,315, which…