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Traders buy when prices go down, pushing gold up. This is because the Initial data showed that fewer Americans are applying for unemployment benefits than experts had thought. This caused a drop. The gold has reached a daily high of $1,982 so far today. For investors, lower interest rates are good news for Gold because […]

After March 9, when it was found that SVB could be a problem for the banking system as a whole, investors turned to the Japanese yen as a safe currency. Here’s a quick look at how the yen has done against some of the world’s most important currencies and trading partners, like the Australian dollar.

Gold prices fell throughout the Asian trading session, reaching a low of approximately $1806.50 before the start of the European Open. Since then, there has been a negligible increase of approximately $6, and the current price of gold is 1812. Gold is still in an extremely vulnerable position, with the fundamentals pointing to further losses

Asian Indices UK and Europe US Futures Kazuo Ueda, the next governor of the Bank of Japan (BOJ), disappointed hawks at his confirmation hearing. He did not challenge the status quo’s ultra-easy stance but instead joined the chorus of those who agreed. This is still the case, even though inflation in Japan reached a 41-year

As the NA session starts, NZD is the best currency, and AUD is the worst. The Dollar is all over the place, but the markets are making small changes to keep it steady. As worries about inflation grew yesterday, US markets and rates went down. In this case, S&P Global PMI data went above and

Since more and more people expect interest rates to increase, gold is seen as a risky investment and is losing its appeal. At the beginning of the month, bond markets thought the Fed funds rate would end up somewhere around 4.8%. The rate has increased by over 50 basis points and is now stable at

Financial markets will be wild and eventful over the next few days thanks to key economic data, central bank decisions, and tech company earnings. Immediately before meetings of the Federal Reserve, Bank of England, and European Central Bank, investors digested a barrage of corporate earnings and key reports that raised skepticism. European shares are lower

In the session last Friday, US PCE deflators and spending data were near consensuses, as was expected after the Q4 GDP release earlier that week. The final figures from University Michigan consumer confidence showed an upward revision to inflation expectations for the one year (3.9% from 4%) and the five to ten years (2.9% from

The US Dollar struggles to stay resilient against its rivals early Thursday as the US Dollar Index remains in negative territory below 102.00 following Wednesday’s slide. Throughout the first half of the day, the market action will likely be driven by risk perception as there will be no high-quality data released on the European economic

The following information is important for Wednesday, January 25. Investors are looking for the next significant catalyst as markets remain indecisive mid-week. As a result of Tuesday’s failed recovery attempt, the US Dollar Index is hovering around 102.00, while the 10-year US Treasury bond yield is hovering just below 3.5 percent. As the European morning