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  • Gold Steadies Around $2,000 As Recession Fears Fuel Safe Haven Demand

    Gold Steadies Around $2,000 As Recession Fears Fuel Safe Haven Demand0

    Gold prices moved little on Friday, but stuck to key levels as a string of weak economic readings brewed concerns over slowing growth and fed into haven demand for the yellow metal. While gold prices were pressured by some strength in the dollar this week, softer-than-expected manufacturing and employment readings weighed on the greenback in

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  • Asian Stocks Fall As Rate Hike Jitters Mount, China Leads Losses

    Asian Stocks Fall As Rate Hike Jitters Mount, China Leads Losses0

    Most Asian stock markets retreated on Thursday, tracking a weak lead-in from Wall Street as fears of rising interest rates and slowing economic growth kept traders wary of risk-driven assets. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes were among the worst performers for the day, down about 0.6% and 0.7%, respectively. Chinese markets

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  • Gold Edges Lower As Markets Seek Clarity On Fed Rate Hikes

    Gold Edges Lower As Markets Seek Clarity On Fed Rate Hikes0

    Gold prices fell slightly in Asian trade on Wednesday, but hovered around key levels as markets awaited more cues on U.S. monetary policy from a string of upcoming Federal Reserve speakers and reports. The yellow metal retook the $2,000 level on Tuesday as the dollar and U.S. Treasury yields cooled after a recent recovery rally.

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  • Dollar Edges Lower; Chinese Growth Data Boosts Risk Sentiment

    Dollar Edges Lower; Chinese Growth Data Boosts Risk Sentiment0

    The U.S. dollar slipped lower in early European trade Tuesday, handing back some of the overnight gains as healthy Chinese growth data boosted risk sentiment. At 02:05 ET (06:05 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 101.707, after rising 0.5% overnight. China’s post-COVID

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  • Asian Stocks Flat, Chinese Markets Rise On Recovery Hopes

    Asian Stocks Flat, Chinese Markets Rise On Recovery Hopes0

    Asian stocks flat, Chinese markets rise on recovery hopes Most Asian stocks moved little on Monday tracking hawkish comments from Federal Reserve officials, while Chinese markets outperformed as the People’s Bank maintained medium-term lending rates ahead of a swathe of economic readings. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose about 0.8% each

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  • Gold Extends Gains, Set For Bumper Week Amid Softer Inflation

    Gold Extends Gains, Set For Bumper Week Amid Softer Inflation0

    Gold prices rose for a fourth straight session on Friday following more signs that U.S. inflation was easing, while persistent fears of a 2023 recession also underpinned safe haven demand for the yellow metal. Data on Thursday showed that U.S. producer price index inflation grew at a slower pace in March, coming a day after

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