The Australian Dollar was unable to hold onto gains acquired after the latest round of Chinese industrial activity gauges. In March, Chinese manufacturing PMI clocked in at 51.9 against the 51.6 estimate, fading slightly from February’s 52.6 print. Meanwhile, non-manufacturing PMI crossed the wires at 58.2 versus the 55 prediction, rising from 56.3 prior. That...Read More

The Japanese Yen slid lower overnight with the US Dollar gaining against most currencies, but it was more pronounced against the Yen. USD/JPY made a high of 132.89 going into the New York close, which was just shy of last week’s peak of 133.00. it has eased so far through the Asian session. The end...Read More

Gold costs pointed higher throughout the course of recent hours, acquiring 0.87%. As we approach the finish of Spring, XAU/USD is checking out at about a 7.7% increase this month. Whenever supported, that would be the best execution since November. The counter fiat yellow acquired in spite of areas of strength for a for the...Read More

The U.S. dollar, as measured by the DXY index, gained ground Friday afternoon, up about 0.5% to 103.11 amid risk-off mood, but was on track for a 0.7% drop on the week following the recent slump in U.S. Treasury yields, which was accelerated by the Fed’s dovish hike at its March meeting. On Wednesday, the...Read More

The U.S. dollar, as measured by the DXY index, gained ground Friday afternoon, up about 0.5% to 103.11 amid risk-off mood, but was on track for a 0.7% drop on the week following the recent slump in U.S. Treasury yields, which was accelerated by the Fed’s dovish hike at its March meeting. On Wednesday, the...Read More

Gold prices surged on Thursday amid U.S. dollar weakness after the FOMC delivered a dovish interest rate hike and signaled that its tightening campaign may be nearing its end. In late morning trading, XAU/USD was rallying about 1% to $1,986, inching ever closer to its 2023 highs, just above the psychological $2,000 level set this...Read More

Gold prices gained about 1.6% on Wednesday in the aftermath of the Federal Reserve rate decision and Chair Jerome Powell’s press conference. The takeaway from the Fed was that Mr Powell stressed that at this time, policymakers did not see the case for rate cuts this year. The latter is something that markets have been...Read More

Gold prices sank almost 2% on Tuesday, marking the worst single-day performance since February 3rd. The anti-fiat yellow metal struggled amidst a 4.7% increase in the 2-year Treasury yield as the S&P 500 pushed higher. The US benchmark stock index is up about 2.3% this week so far. If equities hold onto their gains, we...Read More

Gold made a one-year high just shy of US$ 2,010 an ounce overnight as markets continue to digest the impacts of the Credit Suisse – UBS deal and broader concerns for banks with weak balance sheets. The Wall Street cash session saw large-cap banks make notable gains while First Republic Bank collapsed again. The price...Read More

Global market volatility was on edge this past week as financial-related stocks disproportionately suffered. On Wall Street, the Dow Jones fell -0.15%, but the tech-heavy Nasdaq soared 4.41%. Across the Atlantic, the DAX 40 and FTSE 100 sank -4.28% and -5.33%, respectively. This is as Japan’s Nikkei 225 fell -2.88% while Hong Kong’s Hang Seng...Read More