Gold prices edged lower on Tuesday, trading $100 below the record high level hit in the last session, as the dollar held firm and investors awaited more U.S. economic data this week that could influence the Federal Reserve’s rate outlook. Spot gold was down 0.3% at $2,024.30 per ounce by 1200 GMT. Bullion had climbed
Month: December 2023
Commodity currencies, particularly Australian Dollar, are experiencing notable selling pressure today. However, it should be noted that European investor sentiment, while not explicitly full-blown risk-on, clearly lacks the typical features of risk aversion. In the US, futures markets are just slightly down, indicating a cautious rather than outright negative sentiment among traders. This subdued response
In this article GTLB Follow your favorite stocksCREATE FREE ACCOUNT People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021. Source: Nasdaq GitLab stock jumped as much as 18% in extended trading on Monday after the developer-tools software maker announced fiscal third-quarter results and quarterly guidance that impressed Wall Street. Here’s how the company
Smart contract development firm Thirdweb reported a security vulnerability that potentially “impacts a variety of smart contracts across the Web3 ecosystem.” On Dec. 4, Thirdweb reported a vulnerability in a commonly used open-source library that could impact certain pre-built smart contracts, including some of its own. However, Thirdweb’s investigations concluded that the smart contract vulnerability has
Share: Interest rate in Australia is likely to stay on hold at 4.35% in December after November’s hike. Reserve Bank of Australia Governor Michele Bullock could leave the door ajar for more tightening. The Australian Dollar is set to rock on any surprise in the language of the RBA’s policy statement. The Reserve Bank of
Gold sure had a wild trading day with the price initially spiking higher in racing to a new all-time high level of $2146.79. However, momentum faded in the price quickly rotated to the downside. The price is currently down $-44.33 or -2.14% at $2027.54. The low price for the day reached $2020.26. That low tested
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LONDON -Oil prices extended declines on Monday, pressured by investor scepticism over the latest OPEC+ decision on supply cuts and uncertainty surrounding global fuel demand, though the risk of supply disruptions from the Middle East conflict limited losses. Monday’s fall adds to a 2% decline last week after the supply cuts announced on Thursday by
Gold and Bitcoin are leading the charge in Asian markets today, with Gold breaking to a new record high and Bitcoin surpassing the 40000 mark. This surge contrasts with the mixed performance of Asian equity markets, where indices like Japan’s Nikkei and Hong Kong’s HSI experienced some pressure. The varied market reactions come at a
IBM announced the unveiling of its 1,121-qubit “Condor” quantum computing processor on Dec. 4th. This is the company’s largest by qubit count and, arguably, the world’s most advanced gate-based, superconducting, quantum system. Alongside the new chip, IBM delivered an updated roadmap and a trove of information on the company’s planned endeavors in the quantum computing
Share: The Euro loses further ground against the US Dollar. European stocks trade with decent gains across the board. US Factory Orders surprised to the downside in October. The Euro (EUR) loses further grip against the US Dollar (USD), dragging EUR/USD to retreat to three-week lows around the 1.0820 region at the beginning of the
The US dollar is at the best levels of the day as S&P 500 futures extend declines to 32 points, or 0.7%. Risk aversion is creeping in with yields rising 7 bps at the front end. Gold is now down 1.2% after rising to a recorder earlier. EUR/USD is down 63 pips and is now
Gold prices on Monday increased Rs 450 to hit a fresh record high of Rs 64,300 per 10 grams in the national capital amid strong global trends, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 63,850 per 10 grams. However, silver remained flat at Rs 80,200 per kilogram.
Today’s markets are characterized by a sense of caution, with most major pairs and crosses gyrating inside Friday’s range. Japanese Yen is an exception as a stronger performer, although it has not yet seen significant follow-through buying. Dollar and the Euro are currently in a consolidation phase, with traders adopting a ‘wait and see’ approach.
The United Kingdom Parliamentary Committee, House of Commons, has asked the Bank of England and Treasury to carry out further consultative work to determine the benefits of launching a digital pound. The groundwork and tests related to the launch of a central bank digital currency (CBDC) incurred significant costs for the Bank of England and
Share: The Japanese Yen kicks off the new week on a stronger note and touches a three-month high against the USD. A combination of factors tempers investors’ appetite for riskier assets and boosts demand for the safe-haven JPY. Dovish Fed expectations, falling US bond yields undermine the USD and exert downward pressure on USD/JPY. The
Gold extended its Friday run to highs above $2140 during the early Asian morning. Its since tumbled back to be around $2092 as I post. Its been a bit of a choose your own adventure when posing narratives for the moves. I’ve heard everything ranging from driven by expectations of rate cuts (that’d be me),
Mumbai: Investors must brace for sharp swings in prices of gold after the recent run-up that pushed the precious metal to record levels on Friday. Fund managers and analysts said upside in gold could be limited hereon citing overbought levels and uncertainty over the pace at which central banks would cut interest rates. Silver would