Archive for Tag: market outlook

COMEX Gold futures price

Gold eye $1850 on impending death cross

The COMEX Gold futures price is up 0.38% at $1857.2 per troy ounce on mid-Monday trades. Gold price is clawing back towards the $1,860 level after declining below it on the Friday of previous week. The Asian recovery of the gold demand was driven by a minor pullback in...

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COMEX Gold futures price

Gold remains below the $1860 – level, amid light trading

The price of COMEX Gold futures price is up 0.08% at $1858.7 per troy ounce on early-Monday trades. Gold price, this week, opens on a positive momentum supported by the holiday-thinned market conditions. The US dollar is seeing a dip-buying demand, despite the risk-on trading in global stocks. Investors...

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market outlook

Copper rises on comments from PBOC and the Federal Reserve

Chicago copper futures price, is up 0.05% at $4.4300 per pound on mid-Wednesday trades. Copper prices gained recently as the Fed took the possibility of a 75-basis points rate hike off the table, and PBOC, the Chinese central bank, pledged to support the economy to counter pandemic woes. The...

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market outlook

Gold starts May with a bearish note

Gold futures at COMEX is down 1.92% at $1875 per troy ounce on mid-Monday trades. Gold opened May on heavy bearish pressure. Price has gone below the $1,900 price level as price declines due to the strengthening U.S. dollar, and Fed’s tightening monetary policy among other factors. It is...

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market news

Australia stocks lower at close of trade; S&P/ASX 200 down 1.18%  

S&P/ASX 200 is trading down 1.18% at 7347.00 Australia stocks were lower after the close on Monday, as losses in the IT, A-REITs and Telecoms Services sectors led shares lower. The best performers of the session on the S&P/ASX 200 were Pointsbet Holdings Ltd (ASX:PBH), which rose 5.67% or...

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gold market outlook

Gold gains in an uncertain market await critical publications in the week ahead

Chicago Gold futures price is up 1.13% at $1967.5 on early Monday trades. Gold price continued its climb at the start of the week as the U.S. dollar weakened. Although it edged lower during the Asian session, it climbed in the early European session on Monday. The equity market...

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european analysis

European shares slide on tech selloff, French election jitters

CAC 40 is trading up 0.79% at 6599.95 European stocks fell on Monday as surging bond yields slammed technology shares and volatility gripped French blue-chip stocks on forecast of a tight race between President Emmanuel Macron and far-right challenger Marine Le Pen in the final round of voting. The...

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market outlook

Global food prices soar, wheat enjoys short-term relief from Indian exports

Chicago wheat futures price is up 1.15% at $10.2 per bushel on early Friday trades. Market participants are looking forward to the U.S. Department of Agriculture (USDA) world crop report, due to be released today, i.e., Friday, to gauge the potential impact of the Ukrainian war on the global...

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forex analyis

Dollar Edges Higher; Climbs to a New Two-Year High

EUR/USD is trading flat at 1.0877 The U.S. dollar edged higher in early European trade Friday, trading at a two-year high and underpinned by the likelihood of sharp rises in interest rates by the Federal Reserve. At 4:05 AM ET (0805 GMT), the Dollar Index, which tracks the greenback...

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Gold range-bound as markets eye Ukraine crisis, Fed policy stance

Gold was trading 0.41% up at $1,945.50 European shares gave up early gains to trade flat on Thursday, as the war in Ukraine marked a month and Western nations planned more sanctions on Russia. European gas prices soared after Russian President Vladimir Putin said the country would seek payment...

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