Japanese Yen ticks higher after revised Japan’s Q3 GDP; lacks follow-through – FXStreet
Following the upward revision of Japan's third quarter GDP, the Japanese yen rose slightly. The recent decline in US Treasury yields has hurt the US dollar and also benefited the yen. Questions about the Bank of Japan's ability to raise interest rates are further limiting the yen's upside. The Japanese yen (JPY) continues to struggle […]
Gold price ticks higher ahead of US Nonfarm Payrolls report – FXStreet
Gold prices have rebounded and risen ahead of November's US NFP data, which will influence market expectations for the Fed's interest rate path. Traders are leaning toward the Fed cutting interest rates by 25 basis points on Dec. 18. Violations of ceasefire terms between Israel and Hezbollah have reignited tensions in the Middle East, providing […]
Gold stalls intraday recovery as traders await US NFP report for Fed rate cut cues – FXStreet
Gold prices have been steadily recovering from Friday's lows in more than a week. Softer risk tone, geopolitical risks and trade war concerns are benefiting safe-haven commodities. We are betting on a non-dovish Fed cap to move higher on XAU/USD ahead of the important US NFP report. Gold prices (XAU/USD) have struggled to capitalize on […]
Gold price in India: Rates on December 6 – FXStreet
Gold prices rose in India on Friday, according to data compiled by FXStreet. Gold price rose to INR 7,192.59 per gram compared to INR 7,163.30 on Thursday. Gold price rose to Rs 83,897.07 per tola from Rs 83,551.29 per tola the previous day. unit measurement Gold price in INR 1 gram 7,192.59 10 grams 71,926.81 […]
Gold price in India: Rates on December 5 – FXStreet
Gold prices in India fell on Thursday, according to data compiled by FXStreet. Gold price fell to INR 7,210.99 per gram compared to INR 7,218.56 on Wednesday. Gold price fell to Rs 84,107.55 per tola from Rs 84,195.87 per tola the previous day. unit measurement Gold price in INR 1 gram 7,210.99 10 grams 72,109.88 […]
Gold price edges lower on rebounding US bond yields; downside seems limited – FXStreet
Gold prices are attracting some sellers amid a modest rebound in U.S. Treasury yields. Geopolitical risks and trade war concerns could help limit losses for XAU/USD. USD bulls remain on the sidelines ahead of Friday's important US NFP report. Gold prices (XAU/USD) fell during Asian trading on Thursday, but remained confined to the familiar range […]
Gold price edges higher on Powell’s comments – FXStreet
Gold gains as Chairman Powell emphasizes the need for prudent monetary policy. Mixed US economic indicators, including somewhat disappointing ADP employment trends, support cautious investor sentiment. The Fed's Mr. Mussallem maintains the discretionary nature of the December meeting. Gold prices rose in North American trading on Wednesday following mixed US economic data. Nevertheless, non-yielding metals […]
Pound Sterling briefly drops as BoE Bailey predicts four interest rate cuts in 2025 – FXStreet
Sterling rallied after Bank of England Governor William Bailey said he believed the process of defusing inflation was taking hold and predicted four interest rate cuts in 2025. Traders expect the central bank to keep interest rates unchanged at 4.75% at its meeting this month. Investors are awaiting a number of US economic indicators and […]
EUR/USD trades with caution ahead of French no-confidence vote – FXStreet
The EUR/USD pair fell slightly as investors focused on political instability in France as a vote of no confidence in the prime minister loomed. ECB President Holzmann supported a 25 basis point rate cut at the December 12 policy meeting. Investors will also be watching US private employment and services PMI data for November. EUR/USD […]
USD/CAD consolidates near weekly high, around 1.4070 as traders await Powell’s speech – FXStreet
USD/CAD has no clear direction during the day and is influenced by a combination of divergent forces. An overnight rise in oil prices and a reduction in bets that the central bank will cut deep interest rates are supporting the loonie. USD bulls continue to wait and see ahead of Fed Chair Jerome Powell's speech […]