Gold edged higher on Thursday, set to end its eight-session-long losing streak, last seen around the same time in 2016, as U.S. bond yields and the dollar retreated from recent highs ahead of a keenly awaited non-farm payrolls report this week. Spot gold rose 0.3% to $1,826.49 per ounce by 0314 GMT, attempting a rebound…
The U.S. dollar edged lower Thursday after weak employment data resulted in a moderation in U.S. Treasury yields, while the euro gained despite the weak economic outlook. At 03:40 ET (07:40 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 106.442, just lower than its…
Oil prices were broadly steady on Thursday after the previous session’s big losses, as an uncertain demand outlook held off any boost from an OPEC+ panel maintaining oil output cuts to keep a tight supply. Brent crude oil futures rose slightly by 18 cents to $85.99 a barrel at 0818 GMT, while U.S. West Texas…
The yen sat on the stronger side of 150 per dollar on Wednesday, after an unexpected surge in the previous session stoked speculation that Japanese authorities could have intervened to support the currency. The Japanese currency was last marginally lower at 149.17 per dollar in early Asia trade, after having jumped nearly 2% at one…
Oil held onto the previous day’s drop as macroeconomic concerns overshadowed physical market tightness to cloud the demand outlook. West Texas Intermediate traded near $89 a barrel after declining by 2.2% in the previous session. A global rout in sovereign bonds and shares extended into Tuesday, while the dollar strengthened as traders digested messaging that the Federal Reserve will need to…
Gold extended its rout to the lowest level in almost seven months amid hawkish signals on rates from the Federal Reserve and after a tumble in Treasuries intensified, pushing up yields. The plunge in bullion is relentless with the metal heading for a seventh straight day of declines, the longest losing streak since 2018. Benchmark US…
