Gold prices advanced further on Friday after settling at their highest level since August on Thursday as expectations that the Federal Reserve might slow the pace of interest-rate hikes in Read more
Tag: dollar
Oil prices mark first gain in 4 sessions as a modest slowdown in U.S. inflation helps weaken the dollar
Oil futures ended higher on Thursday for the first time in four sessions, as U.S. data revealed signs of easing inflation, prompting a pullback in the dollar and raising the Read more
U.S. trade deficit jumps to three-month high as strong dollar dents exports
The numbers: The nation’s trade deficit jumped almost 12% in September to a three-month high of $73.3 billion, as falling oil prices and a strong dollar dented U.S. exports. The Read more
Gold, silver slide as dollar rises in wake of Fed’s 4th jumbo interest rate hike
Gold prices tumbled on Thursday, reversing a modest gain from the prior session, after the Federal Reserve delivered its fourth 75 basis point interest rate hike since the start of Read more
Oil slumps as fears rise Fed rate hikes will crimp crude demand, dollar jumps
Oil fell Thursday, losing ground on fears aggressive tightening by the Federal Reserve will tip the economy into recession, while the U.S. dollar rose sharply. Price action West Texas Intermediate Read more
U.S. Treasury to auction $96 billion next week in refunding
The refunding: As part of its regular quarterly refunding, the U.S. Treasury announced Wednesday it would sell $96 billion in notes and bonds next week. The department said it would Read more
Oil rises as dollar softens, traders eye China COVID policy
Oil futures rose Tuesday, looking to build on an October gain, as the U.S. dollar pulled back and unconfirmed rumors circulated that China may ease COVID curbs. Price action West Read more
Live markets coverage: Has the U.S. dollar ceased acting as a ‘wrecking ball’?
Live markets coverage: Has the U.S. dollar ceased acting as a ‘wrecking ball’?
Gold climbs to highest level in nearly 2 weeks as dollar, yields retreat
A softer dollar and falling Treasury yields helped boost the price of gold to its highest level in nearly two weeks on Wednesday as the yellow metal built on gains Read more
Gold prices soften as strong dollar and higher yields take their toll
Gold and silver prices continued to soften on Tuesday as a strong dollar and higher government-bond yields continued to take their toll on precious metals. Price action Gold futures for Read more