Gold (XAU/USD) builds on the overnight goodish rebound from the vicinity of the $5,000 psychological mark and attracts some follow-through buying during the Asian session on Tuesday. Iranian officials dismissed US President Donald Trump’s remarks … [Continue reading]
Australia National Australia Bank’s Business Conditions unchanged at 7 in February
The Pound Sterling is down 0.5% to near 1.3350 against the US Dollar during the European trading session. The GBP/USD pair tumbles as the US Dollar outperforms its peers, with demand for safe-haven assets remaining firm, amid war … [Continue reading]
US Dollar Index touches 15-week high before fading into the close
The US Dollar Index (DXY) slipped about 0.2% on Monday after touching a 15-week high near 99.70 in the early session. The index gapped higher at the open before sellers stepped in, pushing price back toward the 99.00 area by the close and leaving a … [Continue reading]
GBP/USD slips as Oil surge, Iran conflict boost US Dollar
The British Pound losses some ground versus the US Dollar on Monday as risk aversion keeps the Greenback bid, sponsored by the escalation of the Iran conflict. This triggered a sudden jump of oil prices, which are up 11%, retreating after gaining … [Continue reading]
Silver Price Forecast: XAG/USD recovers major early losses, outlook remains uncertain
Silver price (XAG/USD) claws back a majority of its early losses and recovers to near its opening price around $84.00 during the European trading session on Monday. The white metal is expected to remain under pressure as higher United States (US) … [Continue reading]
Gold pares intraday losses and retakes $5,100; bullish USD limits recovery potential
Gold (XAU/USD) recovers over $100 from a four-day low, touched earlier this Monday, and now trades above the $5,100 mark heading into the European session, still down over 0.40% for the day. Investors remain worried about the effects of a protracted … [Continue reading]
New Zealand Dollar holds losses despite hotter Chinese CPI inflation data
The NZD/USD pair faces some selling pressure to near 0.5865 during the early Asian session on Monday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) as the US-Israeli war with Iran shows no sign of resolution, boosting … [Continue reading]
China Foreign Exchange Reserves (MoM) increased to $3428T in February from previous $3.428T
Gold prices staged a turnaround on Friday, reversing the earlier decline and trading just above the $5,170 mark per troy ounce. The yellow metal continues to draw support from safe haven demand linked to tensions in the Middle East, although gains … [Continue reading]
Breaking: Iran says no more attacks against neighbouring countries “unless they attack first”
During an address broadcast by Iranian state TV, President Masoud Pezeshkian apologised to the neighbouring countries for attacks launched following US-Israel strikes but asserted that Tehran will not strike "unless they attack first".Key quotesI … [Continue reading]
China Foreign Exchange Reserves (MoM): $3.428T (January) vs $3.358T
Gold prices staged a turnaround on Friday, reversing the earlier decline and trading just above the $5,170 mark per troy ounce. The yellow metal continues to draw support from safe haven demand linked to tensions in the Middle East, although gains … [Continue reading]