New Delhi: Gold prices eased on Friday ahead of the US jobs report, but were set to gain for the week amid a soft dollar on prospects of slower US Federal Reserve rate hikes and signs of cooling inflation. Investors await the US Labor Department’s non-farm payrolls data due later in the day for clues
Month: December 2022
Yen is apparently the biggest winner against the broadly pressured Dollar. Steep declines in US and European benchmark yield gave the Japanese currency much support. Euro is currently the better performer among European majors. Canadian Dollar clearly lags behind other commodity currencies. The greenback will now look into this non-farm payroll data today, which might
Gold price consolidates recent gains around four-month high after crossing the key resistances. Cautious mood, US Dollar rebound allows XAU/USD bulls to take a breather. Downbeat expectations from US employment report, dovish bias for Fed favor Gold bulls. Sustained trading beyond $1,796, $1,787 keeps buyers hopeful. Gold price (XAU/USD) settles around a four-month high, printing
The major US indices are closing with mixed results: the Dow industrial average is closing lower by -193.25 points or -0.56% at 34396.52 the S&P index is down -3.33 points or -0.08% at 4076.78 the NASDAQ index is up 14.46 points or 0.13% at 1482.46 Russell 2000 is down 4.896 points or -0.26% at 1881.68
In this article ULTA Follow your favorite stocksCREATE FREE ACCOUNT Shoppers line up outside of Ulta Beauty before the 6am opening on Black Friday. Aimee Dilger | LightRocket | Getty Images Ulta Beauty on Thursday boosted its outlook and surpassed Wall Street’s expectations for quarterly earnings and sales, as shoppers kept replenishing their makeup bags
Inflation rose in October about in line with estimates, sending a sign that price increases at least might be stabilizing, the Commerce Department reported Thursday. The core personal consumption expenditures price index, a gauge that excludes food and energy and is favored by the Federal Reserve, rose 0.2% for the month and was up 5%
Oil rose about $1 a barrel on Thursday, supported by the potential for OPEC+ to cut supply further and as easing COVID curbs in China raised the likelihood of higher demand from the world’s top crude importer. Crude also gained support from dollar weakness prompted by euro zone factory data and the Federal Reserve Chair
Dollar’s selloff picks up momentum in early US session after PCE inflation slowed more than expected in October, while core PCE also declined. The data give a nod to Fed Chair Jerome Powell’s comment that smaller rate hikes could start in December. Yen is the better performer as supported by extended pull back in US
Silver price rose more than 1%, spurred by Federal Reserve Jerome Powell’s dovish speech. Soft US Dollar and US Treasury bond yields plummeting, a tailwind for XAG/USD. Silver Price Analysis: Once it cleared $22.00, a rally above $23.00 is on the cards. Silver price soars more than 2% following a “dovish” perceived speech by the
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This is certainly the chart of the day. The S&P 500 scarcely slowed down at the 200-day moving average today as the market falls in love with the idea of a soft landing and falling inflation. We’re trading at 4066 now but there’s still some time left in trading. If we get a close below
The UK manufacturing sector continues to contract in November, with output, new orders and employment all falling further on the month. Meanwhile, business sentiment also dips to its lowest level since April 2020 as the outlook deteriorates markedly. The only consolation is that inflation pressures are easing a little, with input prices falling to a
In this article SNOW Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes Snowflake (NYSE:SNOW), on Tues. Dec 21st, 2021, to usher in the first day of winter. To honor the occasion, Snowflake the bear, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®. NYSE Shares of
ACCRA, GHANA – NOVEMBER 05: Ghanaians march during the ‘Ku Me Preko’ demonstration on November 5, 2022, in Accra, Ghana. People took to the streets of Ghana’s capital to protest against the soaring cost of living, aggravated since the Russian invasion of Ukraine Ernest Ankomah/Getty Images The U.S. Federal Reserve‘s monetary policy tightening and a
The CEO of the worlds largest asset management firm, BlackRock, believes that the reason why FTX failed is because it created its own FTX Token (FTT), which was centralized and therefore at odds with the “whole foundation of what crypto is.” Larry Fink, who serves as chairman and CEO of the $8 billion investment company
Oil prices nosed ahead in early Asian trade on Thursday, lifted by signs of tighter supply and by optimism over a Chinese demand recovery. Brent crude futures rose 5 cents, or 0.06%, to $87.02 per barrel by 0115 GMT while U.S. West Texas Intermediate crude futures rose 16 cents, or 0.2%, to $80.71. The giant