Gold (XAUUSD) News, Page 1

Most Asian Indices Fell On Weakness In TechMost Asian equities markets fell on weakness in the technology sector. The losses were led by Apple suppliers like Japan Display which fell -9.0%. News released Monday from Lumentum suggests sales of Apple’s iPhones are slowing and that has the entire tech sector

The Euro is trading higher early Tuesday as Italy prepares to submit a revised version of its budget, keeping investors on edge. On top of the simmering tensions between the European Union and the Italian government, investors are also expressing concerns above the negotiations between the UK and EU over

Gold prices edged higher on Tuesday as investors resorted to bargain-hunting after the precious metal fell to over one-month lows, weighed down by a stronger dollar. While a firmer greenback makes bullion expensive for holders of other currencies as the commodity is priced in dollars, it has been a while

It has been a decade since the last major financial crisis swept across the world, ruining economies and forcing major (yet necessary) changes in the global financial system. It is fair to say that many of the countries which were struck down by this pandemic have not yet recovered fully,

The dollar is gaining strength after last week’s Fed meeting and positive U.S. economic data, which is weighing on non-yielding assets like gold.The greenback climbed near to 16-month peak earlier in the session, making bullion more expensive for holders of other currencies. The dollar index DXY, which measures the greenback

On the MacroFor the Dollar, key stats through the week include October inflation figures on Wednesday, with retail sales, business inventories and Philly and NY State manufacturing PMI’s due out on Thursday, ahead of September industrial production figures on Friday. The inflation and retail sales figures will be the key

The major U.S. stock indexes closed lower on Friday as concerns over a global economic slowdown encouraged investors who bought earlier in the week to trim positions and take profits ahead of the week-end. Nonetheless, the indexes still posted solid gains for the week with the bulk of the move

Gold prices fell to their lowest in a week earlier today and were set for their biggest weekly fall since August on a firmer dollar as the U.S. Federal Reserve indicated they will continue to raise interest rates, lowering demand for bullion. Gold is down about 1 percent for the

The Federal Open Market Committee voted to keep its benchmark interest rate unchanged as widely expected on Wednesday but did make a few tweaks to its policy statement. Ahead of the announcement, traders anticipated a hawkish tone to its statement, hinting it was preparing for a quarter-point rate hike in

China Slips On Weaker Than Expected Trade SurplusChinese indices slipped on weaker than expected trade surplus data. The trade surplus for China came in at +$34 billion, slightly missing the $35 billion projected by economists, even as tariff threats spur activity. The miss was due to stronger than expected dollar-denominated

There was a positive reaction of the stocks on Wednesday, gaining momentum during the day. As a result, the U.S. main indices held an impressive rally with a growth rate of more than 2%.The dynamics of the American dollar was not a one-way street. Following the initial decline due to

Gold prices fell to their lowest in a week on Thursday as the dollar and stocks rose, while investors digested the U.S. midterm election results and turned their focus to the Federal Reserve’s monetary policy decision due later in the day.The yellow metal has taken a sharp bearish decline as

Asian Markets Mixed As Election Results Roll InAsian equities indices closed mixed and flat in Wednesday’s session as results from US elections poured in. The results were largely as expected; the Democrats took control of the House while Republicans strengthened their hold on the Senate, and not expected to have

Preliminary estimates of the U.S. election results support a positive mood on the world markets, reducing the demand for protective assets and causing some dollar weakening.It should be noted that market movements are very moderate. The dollar index sank by 0.2%. About the same amount added the futures on S&P500.The

Gold came off a one-week low to trade higher on Wednesday as investors sought cover from market volatility and uncertainty surrounding the fallout of U.S. mid-term elections results. The specter of a Democrat-controlled House suggests that we will see a little bit of risk-off in the market, which should probably

The major U.S. equity indexes rose on Tuesday despite predictions of heightened volatility if the Republicans lose their control of the House and the Senate in today’s mid-term elections. At the start of today’s session, the most major stock firms were predicting a split result where the Democrats win the

Late Tuesday, the U.S. mid-term elections are still a toss-up although if you believe investors bet with their money, the Republicans will retain control since the stock market is churning higher late in the trading session.The consensus appears to show the Democrats will win the House of Representatives and the

The upcoming midterm elections have attracted the financial markets attention, as they can give an answer to the question of whether the American people will continue to support Donald Trump. A potential victory of the Democratic Party could seriously undermine the president’s initiatives. The President, who is severely restricted in

China Promotes Globalization At International Import ExpoChina’s President Xi Jinping promoted the country as a bastion of global trade in his opening address to the China International Import Expo. The expo, announced more than a year ago, is intended to spotlight China as an importer of global consumer items and

Gold prices held steady on Monday as investors were cautious ahead of the U.S. congressional elections due on Tuesday which will determine whether the Republican or Democratic Party controls Congress. Traders don’t want to extend any risky bets because of the growing uncertainty around the elections. Opinion polls show strong