Gold prices eased on Tuesday, as rising expectations of fewer U.S. rate cuts this year overshadowed safe-haven demand amid ongoing tensions in the Middle East. Spot gold fell 0.2% to $2,376.90 per ounce by 09:26 ET (1326 GMT). The yellow metal touched an all-time high of $2,431.29 on Friday in anticipation of Iran’s retaliatory attack
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Euro rises broadly today, lifted by significant improvement in economic sentiment indicators from Germany and the broader Eurozone. Despite these positive signals, current situation assessment remains subdued. While the worst may be over for Germany’s economy, in particular the manufacturing sector, recovery is still in its nascent stages and further nurturing is required. The uptick
Crowds walk below neon signs on Nanjing Road. The street is the main shopping district of the city and one of the world’s busiest shopping districts. Nikada | E+ | Getty Images The International Monetary Fund on Tuesday slightly raised its global growth forecast, saying the economy had proven “surprisingly resilient” despite inflationary pressures and
In this article BA UAL Follow your favorite stocksCREATE FREE ACCOUNT A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport. Justin Sullivan | Getty Images United Airlines on Tuesday reported strong travel demand that drove it to a narrower loss than expected in the first quarter despite a $200 million
Natural Gas prices show sensitivity towards the situation in the Middle East. Markets see sanctions being issued out of US and Europe on Iran. The US Dollar Index pops back above 106.00 and is running into a winning streak. Natural Gas (XNG/USD) prices are getting some support on Tuesday after Israel issued a harsh statement
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower. The US CPI beat expectations for the third consecutive
Headlines: Markets: EUR leads, AUD lags on the day European equities lower; S&P 500 futures up 0.1% US 10-year yields up 2.3 bps to 4.650% Gold down 0.4% to $2,371.94 WTI crude down 0.2% to $85.19 Bitcoin down 0.9% to $62,610 The dollar isn’t flexing its muscles too much in European trading today. However, it
Amid safe haven buying in bullion due to rising geopolitical tensions, gold June futures on MCX rose Rs 642 or 0.89% to trade at Rs 72,919 per 10 grams on Tuesday while MCX May silver contracts gained Rs 334 or 0.4% to Rs 84,185 per kg. On Monday, gold and silver settled on a positive
Dollar is capitalizing on its strong position and extends its rally om Asian session today, as risk aversion grips global markets. US stocks, which initially showed gains overnight, ultimately closed significantly lower as Treasury yields climbed in response to robust economic data. The sentiment continued in Asia, with major markets opening lower, and followed by
10 things to watch Monday, April 15 The market is trying to rebound from Friday’s selloff. Oil is pulling back on hopes that the conflict in the Middle East doesn’t escalate further after Iran’s attacks on Israel. Despite an uptick in consumer inflation last month, retail sales jumped 0.7% in March, much higher than expected. The
Federal Reserve (Fed) Bank of San Francisco President Mary Daly crossed the wires in the last hour, saying that the progress on inflation has been significant, but we are still not there yet. Key Quotes: Recent inflation data was not surprising.Inflation bumps along the way aren’t particularly surprising.Don’t want to end up with a too-strong,
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
NEW YORK: Oil prices sank by about 1% a barrel on Monday after Iran’s weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels. Brent futures for June delivery fell 91 cents to $89.54 a barrel, a 1% loss, by 1:17 p.m.
Dollar bounces slightly in early US trading following unexpectedly strong retail sales data. However, there is no clear follow through buying in the greenback for now. The only exception is USD/JPY which continues to make new 34-year highs. Against others, Dollar might extend its consolidation phase for a while longer, as the impact from rising
Rising inflation in March didn’t deter consumers, who continued shopping at a more rapid pace than anticipated, the Commerce Department reported Monday. Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% rise though below the upwardly revised 0.9% in February, according to Census Bureau data that
In this article UNH Follow your favorite stocksCREATE FREE ACCOUNT Omar Marques | Lightrocket | Getty Images UnitedHealth Group’s first-quarter earnings report Tuesday will mark the health-care giant’s first major public comments since a cyberattack on its Change Healthcare billing and payments subsidiary in February, which has led to the largest disruption in U.S. health
Retail Sales in the US grew at a stronger pace than expected in March US Dollar Index stays in positive territory above 106.00. Retail Sales in the US rose 0.7% in March to $709.6 billion, the US Census Bureau reported on Monday. This reading followed the 0.9% increase (revised from 0.6%) recorded in January and