Gold prices rangebound around $2,300 amid rate jitters, inflation watch By Investing.com – Investing.com
Investing.com — Gold prices fell in Asian markets on Tuesday, remaining stuck in a narrow trading range in the low $2,300s as a recent strengthening of the dollar and expectations of a key inflation reading made traders cautious about the metal. Metals markets saw limited relief from the greenback’s overnight fall as the dollar remained […]
Peter Schiff Issues Gloomy BTC Price Prediction, Ripple CEO Hails 'Big Win' in California, SHIB Burn Rate Surges 2,682% With No Price Momentum: Crypto News Digest by U.Today By U.Today – Investing.com
U.Today – U.Today brings you a rundown of the top three news stories of the weekend. Schiff predicts prices will continue to fall over the next few years On Friday, June 21, Peter Schiff once again launched his criticism of the flagship cryptocurrency, Bitcoin. In a post on X, Schiff noted that BTC has fallen […]
Dollar firm as euro wallows near recent lows; market braces for China data By Reuters – Investing.com
Bridget Riley TOKYO, April 28 (Reuters) – The dollar held firm on Thursday while the euro hovered near its lowest level in more than a month amid continuing concerns over the political outlook in Europe. The yuan hovered near its lowest levels in months after China released a slew of economic data suggesting an uneven […]
Yen on guard ahead of BOJ; euro stutters with weekly loss in sight By Reuters – Investing.com
By Ray Wee SINGAPORE (Reuters) – The yen was on the defensive on Friday ahead of a Bank of Japan policy decision that could see it further tapering its massive monetary easing, while the politically fraught euro is set to slip for the week. The dollar turned higher, supported by a rise against the euro […]
Gold prices dip in face of fewer rate cuts this year By Investing.com – Investing.com
Investing.com — Gold prices fell in Asian markets on Thursday, remaining near recent lows after the Federal Reserve sharply cut its outlook for interest rate cuts this year, creating further headwinds for the metal. Gold prices fell despite falling following weaker indicators in the previous session, but the dollar steadied on Thursday as markets digested […]
PBOC halts gold buying spree, prices drop over $50/oz By Investing.com – Investing.com
Investing.com — The People’s Bank of China (PBOC) reported no change in its gold reserves in May in data released Friday, bringing to an end a year-and-a-half-long gold-buying frenzy. The rally that saw gold prices reach new record highs was dependent on central bank purchases, particularly from China, which caused the price of gold to […]
Gold prices steady amid rate jitters, copper flat with China in focus By Investing.com – Investing.com
Investing.com — Gold prices were stable in Asian markets on Wednesday as attention remained on upcoming signals regarding U.S. inflation and interest rates, but a somewhat hawkish outlook for interest rates led traders to remain cautious on the metals market. Among industrial metals, copper prices also remained range-bound as optimism over China’s stimulus measures faded […]
Gold prices steady but head for steep weekly losses as rate cut hopes wane – Investing.com
Investing.com — Gold prices were steady in Asian markets on Friday, but the metal has fallen sharply throughout the week after slipping from record highs on concerns about higher U.S. interest rates for a long time. Interest rate concerns have pushed up prices and weighed on metals prices across the board, with copper also falling […]
Asia FX weakens as Fed minutes brew rate fears, boost dollar – Investing.com
Investing.com — Most Asian currencies traded in narrow ranges on Thursday, recouping some overnight losses as minutes from the U.S. Federal Reserve’s latest meeting boosted the dollar amid growing concerns about higher interest rates for a long time. The prospect of a renewed trade war between the U.S. and China after China retaliated against higher […]
Gold prices fall below $2400 on rate jitters, copper hit with profit-taking – Investing.com
Investing.com — Gold prices extended losses in Asian markets on Thursday, sliding further from record highs as renewed concerns about high interest rates dented demand for the metal as a safe-haven asset. Industrial metals also followed suit, with copper prices tumbling from record highs on profit-taking and dollar pressure, but prices of the red metal […]