TAG: economic data
Gold trims gains as US Treasury yields rise after economic data
Gold prices trimmed gains on Thursday as U.S. Treasury yields rose after economic data showed signs of persistent inflation, lowering hopes of the Federal Reserve cutting interest rates anytime soon.Spot gold firmed 0.3% at $2,321.70 per ounce by 9:47 a.m...
5 months ago
Markets Weekly Outlook: Central Banks and US Earnings. Will the BoJ Hike Rates?
Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank mee...
2 months ago
GBP/USD Stalls as Bulls and Bears Clash Ahead of Central Bank Meetings
The GBP/USD pair is currently experiencing a standoff between bulls and bears, with the pair clinging to support at the 1.2850 level. The upcoming Federal Reserve and Bank of England policy meetings are adding to market uncertainty, with the odds of a Bo...
2 months ago