Gold rises, hovers near $1,800 mark as Fed decision looms
Gold rose in Asia on Wednesday, staying near the key $1,800 mark as investors await the US Federal Reserve’s latest policy decision.
Gold futures climbed up 0.36% to $1,806.35 by 12:01 AM ET (4:01 AM GMT). The dollar, which typically ...
Oil rises, still kept in check by virus threat
Oil rose in Asia on Wednesday as a draw in US crude supplies boosted expectations that demand will overcome supply growth. However, rising numbers of coronavirus cases worldwide have dampened oil’s gains.
Brent oil futures climbed up ...
Dollar rises ahead of Fed’s new policy
The dollar rose in Asian trade on Wednesday driven by a tech crackdown in China and caution before the Federal Reserve's latest policy decision. However, the greenback remained below recent peaks.
The U.S. Dollar Index that measures ...
European stocks up as earnings boost investors mood
European stocks went up on Wednesday, boosted by positive earnings report from the British bank Barclays and luxury group Kering that prompted investors to overlook concerns about China’s regulatory crackdown that has kept markets on ...
Oil climbs up amid Delta spread
Oil continued its gains as investors wager that the global demand recovery will remain unaffected in spite of the spike in COVID-19 cases that led to more restrictions on mobility in several regions.
Futures in New York went up 0.3% to trade ...
Gold down ahead of Fed policy decision
Gold dropped on Tuesday morning in Asia as investors become wary ahead of US Federal Reserve policy decision. The Fed’s decision, to be announced later in the week, could provide clues on when the central bank will adopt a more hawkish ...
Australia’s CPI rises in Q2
Australia’s consumer prices grew at the fastest annual pace in almost 13 years in the second quarter. This was attributed to higher gasoline prices and the unwinding of government subsidies. However, a far lower figure for core inflation ...
UK June home prices decline on tax cut
British home prices dropped in July following a trim down of a coronavirus emergency tax break for buyers at the end of June. However, mortgage lender Nationwide said pandemic-driven demand for bigger homes will support the market.
House prices ...
U.S. new home sales hit 14-month low in June
The United States saw its sales in single-family homes decline in June, touching a 14-month low. Meanwhile the preceding month’s sale was also lower than expected. This was owed mainly to a surge in property prices caused by expensive ...
China sees slow growth in June industrial profit
China’s economic recovery faces a new bump in the road as profit from its industrial firm slowed for the fourth straight month in June due to high raw material prices.
Tuesday’s data from the National Bureau of Statistics ...
Dollar falls but places near multi-month highs
The dollar fell in Asian trade on Monday but lingered near its strongest level since early April 2021 versus the euro. Investors are now anticipating the U.S. Federal Reserve’s new policy decision set to be released on Wednesday.
The ...
Oil steady, above $71 amid tighter market outlook
Oil remained steady and held the bulk of a three-day advance, trading above $71 as confidence that the increasing demand will tighten the global market takes hold.
West Texas Intermediate dropped 0.3% in early Asian trading, putting a stop ...
Gold down as dollar continues dampened recovery
Gold dropped on Friday in Asia but still recovering from the over one-week low hit in the last session. Retreating US bond yields and weaker-than-expected US economic data have also contributed to dampening the effect of the dollar’s ...
Asian stocks up but investors cautious, digest US data
Asia Pacific stocks went up on Friday morning but concluded the week with a watchful eye as investors continue to mull over the latest US economic data and earnings.
South Korea’s KOSPI went up 0.22% by 9:56 PM ET (1:56 AM GMT) while ...
Dollar rises, ends trading week without much changes
The dollar rose on Friday morning in Asia but was expected to end the trading week close to where it started. Investors took stock following a volatile week in which currencies moved due to fluctuating risk appetite levels.
The U.S. Dollar ...
South Korea shows biggest economic growth in ten years
South Korea’s economy grew faster on an annual basis in the second quarter, achieving its fastest year-on-year growth in a decade driven by strong export demand and investment.
The country’s economy is projected to have grown at ...
