Investing.com - Gold prices held near their highest level in around four months in early dealings on Tuesday, supported by a weaker U.S. dollar languishing near three-year lows.Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.Comex gold futures were at $1,339.40 a troy ounce by...Read More
Investing.com - Gold prices started the week on the front-foot on Monday, hitting their highest level since September as the dollar languished at three-year lows against a basket of currencies.Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.Comex gold futures were at $1,343.70...Read More
Investing.com - Gold prices rose for the third straight session on Friday to hit fresh four month highs after hawkish European Central Bank minutes boosted the euro to multi-year highs against the dollar.Gold futures for February delivery settled up 1.19% at $1,338.30 on the Comex division of the New York Mercantile Exchange after rising as high as $1,340.00 earlier, the most since September 13.Fo...Read More
Investing.com - Gold prices inched lower in early dealings on Thursday, as the dollar recovered against major rivals after China's regulator called a report about Beijing slowing or halting of its U.S. bond buying possibly wrong.Comex gold futures were at $1,316.70 a troy ounce by 3:05AM ET (0805GMT), down $2.70, or about 0.2%, from the last session's closing price.Gold prices settled higher for t...Read More
Investing.com - Gold prices moved higher on Wednesday as the dollar dropped to one-and-a-half month lows against the yen amid speculation that the Bank of Japan could move to scale back its massive stimulus program later this year.Comex gold futures were trading at $1,315.20 a troy ounce by 04:59 AM ET (09:59 AM GMT), up around $2.00 or 0.14% from their last close, after losing around 0.7% on Tues...Read More
Investing.com - Gold prices fell on Tuesday, retreating further from last week’s three-and-a-half month highs as the dollar strengthened against the euro and as investors continued to bet on further rate hikes by the Federal Reserve this year.Comex gold futures were trading at $1,314.90 a troy ounce by 04:04 AM ET (09:04 AM GMT), down around $5.50 or 0.4% from their last close.The euro fell...Read More
Investing.com - Gold prices fell slightly in Asia on Tuesday even as a weaker dollar offered some support and Japan wages data showed a surprise upside.Gold futures for February delivery on the Comex division of the New York Mercantile Exchange dipped 0.05% to $1,319.70 a troy ounce. The US dolalr index fell 0.11% to 91.98.Japan reported average cash earnings for November jumped 0.9%, well above t...Read More
(Bloomberg) -- U.S. stocks turned higher in afternoon trading, with technology shares bolstering major indexes, as investors continue to price in the impact of tax cuts before corporate earnings start later in the week. The dollar strengthened after three straight weekly declines.The S&P 500 Index shrugged off early sluggishness to extend its rally to start the year to five days. The Nasdaq in...Read More
Investing.com - Gold prices fell on Monday as the stronger dollar weighed after Friday’s weaker-than-expected U.S. jobs report did little to alter expectations for further Federal Reserve rate hikes this year.Comex gold futures were trading at $1,317.00 a troy ounce by 03:54 AM ET (08:54 AM GMT).Prices of the precious metal were pressured lower as the dollar moved higher against a basket of...Read More
Investing.com - Gold prices edged lower in choppy trade on Friday as investors took profits after the metal’s rally to three-and-a-half month highs earlier in the week and as the dollar pushed higher despite a weaker-than-expected U.S. jobs report for December.Gold futures for February delivery settled down 0.11% at $1,320.20 on the Comex division of the New York Mercantile Exchange.For the...Read More
(Bloomberg) -- Equities worldwide extended their stellar start to 2018, with U.S. indexes rising to record highs for a third consecutive day, as the synchronized growth story continues to win over investors.Treasuries slumped and the dollar was flat after a report showed U.S. payroll gains slowed by more than forecast in December, wages picked up slightly and the jobless rate held at the lowest le...Read More
* Euro short distance away from 3-year high vs dollar* Combo of strong euro zone data, dollar weakness support euro* Dlr/yen manages to rise as risk appetite hurts Japanese currency* A$ headed for 4th week of gains, commodity currencies strong* Euro zone HICP data, U.S. jobs report in focus (Adds details and quotes, updates prices)By Shinichi SaoshiroTOKYO, Jan 5 (Reuters) - The euro hovered near...Read More
* Euro short distance away from 3-year high vs dollar* Combo of strong euro zone data, dollar weakness support euro* Dollar/yen manages to rise as risk appetite hits Japanese unit* A$ headed for 4th week of gains, commodity currencies strongBy Shinichi SaoshiroTOKYO, Jan 5 (Reuters) - The euro hovered near a three-year high against the sagging dollar on Friday, while improving investor risk appeti...Read More
(Bloomberg View) -- The Bloomberg Spot Commodities Index has risen for 14 straight days to its highest since 2014. But don't expect the euphoria to last: 2018 will be a year of just modest growth.Although each commodity has its own idiosyncratic characteristics and market, there are major macroeconomic factors influencing global prices.China: As the largest consumer and producer of most global com...Read More
Investing.com - Gold prices fell on Thursday after the minutes from the Federal Reserve’s December meeting showed that officials discussed a faster pace of rate increases this year.Comex gold futures were trading at $1,312.50 a troy ounce by 03:36 AM ET (08:36 AM GMT) after sliding 0.27% the previous day when prices fell back from a three-and-a-half month high of $1,322.70.Prices of the prec...Read More
Investing.com - Gold prices eased on Wednesday, pulling back from the previous days three month highs as the firmer dollar weighed.Comex gold futures were trading at $1,315.70 a troy ounce by 04:36 AM ET (09:36 AM GMT). Prices rose as high as $1,322.90 on Tuesday, the strongest level since September 18, propelled higher by the weaker dollar.Recent weakness in the dollar has supported gold prices b...Read More
* U.S. stocks close higher, boosting global shares* European equities close lower* Euro and sterling gain while dollar drops (Updates to U.S. market close; adds commentary)By Stephanie KellyNEW YORK, Jan 2 (Reuters) - The S&P 500 and the Nasdaq Composite notched record closing highs on Tuesday, the first trading day of 2018, while European equities finished lower and the U.S. dollar fell to it...Read More
* Oil trades near strongest levels since mid-2015* Media, retail stocks rise after positive broker recommendations* Casino stocks hit by downbeat December gambling revenue* Indexes up: Dow 0.2 pct, S&P 0.62 pct, Nasdaq 1.2 pct (Updates to early afternoon)By Sruthi ShankarJan 2 (Reuters) - Wall Street's major indexes were higher on the first trading session of 2018 on Tuesday, driven by gains i...Read More
* Oil trades near strongest levels since mid-2015* Casino stocks hit by downbeat Dec. gambling revenue* Walt Disney, Netflix gain after upgrade* Indexes up: Dow 0.25 pct, S&P 0.63 pct, Nasdaq 1.16 pct (Changes comment, updates prices, adds details)By Sruthi ShankarJan 2 (Reuters) - Wall Street's major indexes were higher on the first trading session of the year on Tuesday, driven by technology...Read More
* Oil trades near strongest levels since mid-2015* Casino stocks hit by downbeat Dec. gambling revenue* Walt Disney, Netflix gain after upgrade* Indexes up: Dow 0.45 pct, S&P 0.35 pct, Nasdaq 0.31 pct (Updates to open)By Sruthi ShankarJan 2 (Reuters) - Wall Street's main indexes were higher on Tuesday, the first trading day of the year, buoyed by gains in technology and consumer discretionary...Read More