Gold prices gained on Friday buoyed by a weaker dollar and lingering concerns over an economic recovery from the damage inflicted by the coronavirus pandemic that were underscored by elevated weekly U.S. jobless claims data. Spot gold climbed 0.6% to $1,953.80 per ounce by 0934 GMT and was on track for a second straight week
Month: September 2020
Yen picks up some upside momentum again today while the forex markets continue to flip-flop elsewhere. Australian Dollar turn softer, followed by Canadian and Swiss Franc. Kiwi is the second strongest next to Yen, followed by Sterling and Dollar. For the week, Yen remains the strongest one. There is potential for further rally should stocks
A Kelly Center for Hunger Relief volunteer sorts through food for distribution as residents in vehicles wait in line at a church in El Paso, Texas, on July 17. Joel Angel Juarez/Bloomberg via Getty Images Are you in the top 1%, 5% or 10% of the U.S. income and wealth scale? If you are, congratulations
“Right Place & Right Time,” a digital art piece based on Bitcoin’s fluctuating price action, has sold for more than $100,000. “The Master NFT of Right Place & Right Time was sold to TokenAngels for $101,593. — but happy to call it $100,000,” Matt Kane, the art’s creator, told Cointelegraph on Sept. 18. NFT stands for non-fungible
National Australia Bank technical analysis on AUD/yen ()note the time scale of the chart – this is a longer-term picture: NAB note the break of the downtrend line but the upside is not yet secured. The September month-end close is now crucial. Above 77.40/60, MT uptrend confirmation remains in play. Below 75.43 the risk of
EUR/USD has been advancing as the dollar pares some of its Fed-related gains but US consumer sentiment and coronavirus headlines from Europe may reverse the recovery, in the opinion of FXStreet’s analyst Yohay Elam. See – EUR/USD maintains the sideways range with resistance seen at 1.1868 – Credit Suisse Key quotes “The Fed signaled no rate rises
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NEW DELHI: Barring energy counters, all commodities were trading with gains on Friday as the amir rising worries over slump in the economy across the world. Gold was up 0.11 per cent while silver gained 0.22 per cent. In the base metal block, all counters were up with zinc rising the most at 0.79 per
Dollar is back trading as the weakest one for the week as it’s earlier rally attempt faded quickly. Though, Euro and Swiss Franc are not too far behind as the next weakest. Yen is also paring some of this week’s gain but remains generally firm. New Zealand Dollar is surprisingly the strongest one for the
Bobcat fire approaches Sierra Madre and Arcadia communities in California, U.S., September 13, 2020 in this picture obtained from social media. Photo taken September 13, 2020. John Mirabella | Reuters Despite official resistance to the idea in the Trump administration, the wildfires raging across California, Oregon and Washington — swallowing millions of acres and leaving
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Dow snaps 4 day win streak The major US stock indices closed down on the day, but it could have been worse. Then again in could have been better too. The major indices are closing near today’s the middle of the days trading ranges. The Dow industrial average was the relative best performer. In fact at 1
WTI fizzles the run-up above $40.00 after flashing two-week high of $41.48. Overbought RSI conditions, strong SMA probe the bulls. Sellers await a clear downside break of 61.8% Fibonacci retracement level around the $41.00 area. WTI consolidates the recent gains to $41.48 within a choppy range above $41.00, currently up 0.20% around $41.30, during the
The groups advising the UK Prime Minister Boris Johnson and his government recommend another two weeks national lockdown. In October. The government’s Scientific Advisory Group for Emergencies (Sage) and the Scientific Pandemic Influenza Group on Modelling (Spi-m) As recently as yesterday UK PM Johnson said again he wanted to avoid national lockdown (limiting restrictions to
Gold slipped as much as 1% on Thursday after the U.S. Federal Reserve disappointed expectations for further stimulus to spur inflation and support the economy, battered by the coronavirus crisis. Spot gold dropped 0.9% to $1,940.96 per ounce by 0951 GMT. U.S. gold futures slipped 1.2% to $1,947.40. “The gold market was somewhat disappointed by
Sterling drops broadly today as BoE minutes indicated that the central bank is already discussing implementation negative interest rates. On the other hand, Yen is currently the strongest one, extending this week’s strong rally. Risk aversion and falling treasury yields are both helping the Yen higher. Dollar lost some momentum after initial post-FOMC rise, but
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