Gold headed for a fourth weekly gain as concerns over the resurgence of coronavirus cases countered better-than-expected monthly U.S. jobs data.
Texas ordered residents to wear masks, reversing course as it reported its second-most daily infections of the outbreak, while Florida™s largest county, Miami-Dade, will impose a curfew. The novel coronavirus is showing some signs of mutating in a way that may make it easier for the pathogen to spread, according to Anthony Fauci, the director of the National Institute for Allergy and Infectious Diseases.
Meanwhile, Thursday™s simultaneous release of the monthly employment report and the weekly jobless claims data offered diverging snapshots of the economy. One reflected a flurry of rehiring as state economies reopened and the other a jump in new virus cases, which has led many of those same states to halt or even walk back reopening plans. U.S. markets are shut for a holiday Friday.
Spot gold little changed at $1,776.33/oz at 7:47am in Singapore; +0.3% this week.
Source : Bloomberg
Silver price (XAU/USD) turns sideways around $23.15 after a strong recovery in the European session on Wednesday. The white metal clings to solid gains as the US Dollar has shifted to the backfoot AS ...
Gold prices rose on Wednesday after two weaker sessions after the metal rose to a record last week as the dollar weakened and mixed treasury yields offered little direction. Gold for February deliver...
Silver held around $23 per ounce, not far from the 1-month low touched on September 14th, pressured by the Fed's hawkish pause, the potential U.S. government shutdown, and renewed concerns about indus...
Silver held around $23 per ounce, pressured by stronger dollar and higher Treasury Yields following the Fed's hawkish stance, as the regulator signaled one more hike and a slower monetary easing. Sti...
Silver decreased to a 4-week low of 22.6 USD/t.oz, pressured by a strength in the US dollar as signs of resilience in the US economy supported the outlook for the Federal Reserve to maintain borrowing...
West Texas Intermediate (WTI) crude oil closed higher on Thursday following two losing sessions on expectations global inventories will continue to wane through the second quarter on OPEC+ production cuts and Ukrainian attacks on Russian...
Gold futures closed at the second record high in as many days on Thursday as buying momentum continues even as the dollar and treasury yields rise. Gold for June delivery closed up US$25.70 to settle at US$2,238.40 per ounce. The precious metal's...
The S&P 500 was flat Thursday as it aimed to wrap up its best first-quarter performance in five years. The broad market index was little changed, as was the Dow Jones Industrial Average. The Nasdaq Composite was also trading unchanged. For...
U.S. stocks rose slightly Tuesday, as investors tried to resume the rally that took equities to record highs after a decline in the previous...
Nikkei Tokyo stocks ended flat on Tuesday as investors held out hope for gains in semiconductor-related shares while locking in profits after...
Nikkei Tokyo stocks closed lower on profit-taking, snapping a four-day winning streak on Monday, amid caution over the rapid rise of the key Nikkei...
Stocks slipped Monday to start a shortened trading week as the rally that brought Wall Street to record levels took a breather. The Dow Jones...