Month: December 2020

Gold prices pared gains on Monday as the dollar recovered losses and stock markets rallied after U.S. President Donald Trump signed a long-awaited pandemic aid bill, while liquidity remained low on account of the holiday season. Spot gold was little changed at $1,877.20 per ounce by 1301 GMT, having earlier risen as high as $1,900.04
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GBP/USD is languishing close to lows of the day around 1.3450. The “sell the fact” reaction to the announcement of the deal last week has continued into the final trading week of the year. It’s been a rough day for sterling, with GBP/USD slumping more than 0.6% to around 1.3450 having previously traded above the
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Oil rose towards $52 a barrel on Monday as U.S. President Donald Trump‘s signing of a coronavirus aid package and the start of a European vaccination campaign outweighed concern about weak near-term demand. Brent crude rose 41 cents, or 0.8%, to $51.70 a barrel at 0926 GMT, reversing an earlier decline. U.S. West Texas Intermediate
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Dollar, Yen and Swiss Franc are the relatively weaker ones in quiet markets today. Asian investors are lifted slightly after US President Donald Trump signed the massive USD 2.3T package that contains a USD 900B pandemic relief, while also averted government shutdown. Sterling and Euro are the firmer ones after the long-awaited Brexit trade deal
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Gold struggled to capitalize on its intraday gains and faced rejection near the $1900 mark. Sustained USD selling bias provided a modest lift to the dollar-denominated commodity. The prevalent risk-on environment was seen exerting pressure on the safe-haven metal. Gold refreshed daily lows during the early European session, albeit quickly recovered thereafter. The commodity was
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Here is what you need to know on Monday, December 28: A post-Brexit agreement was finally reached on Christmas Eve. During the weekend, the EU and the UK published the full text of their post-Brexit arrangement, which includes details on trade, law enforcement and dispute settlement among other things. The accord needs to be ratified by
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