MARKET UPDATE
Gold prices steady around $2,300. Gold prices moved little in Asian trade on Wednesday, hovering around a key support level as traders hunkered down before more definitive cues on U.S.…
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China’s central bank returns to gold buying
China, the biggest official sector buyer of gold, is expected to resume its bullion shopping spree once prices ease from the record highs hit in May, as the fundamental case…
MARKET UPDATE
Dollars hands back gains ahead of inflation data. The U.S. dollar retreated Tuesday, falling back from a one-month high, as yields fell back ahead of key U.S. inflation data and…
MARKET UPDATE
Gold prices weak as rate fears mount. Gold prices moved in a flat-to-low range in Asian trade on Monday, nursing steep losses from last week as fears of high U.S.…
MARKET UPDATE
Gold prices rise towards $2,400. Gold prices rose in Asian trade on Friday, coming close to key highs as bets on interest rate cuts by the Federal Reserve grew in…
Euro firms ahead of ECB decision
The euro firmed a touch on Thursday ahead of a policy decision from the European Central Bank (ECB) where traders consider a rate cut all but certain, while the dollar…
MARKET UPDATE
Asian chipmakers rally as Nvidia hits $3 trillion valuation. Major Asian chipmaking stocks and Nvidia suppliers rose sharply on Thursday, tracking an overnight rally in the market darling amid renewed…
MARKET UPDATE
Oil near 4-mth low. Oil prices hovered near four-month lows in Asia on Wednesday as markets digested an OPEC+ decision to boost supply later this year and following an increase…
MARKET UPDATE
Asia FX rangebound, dollar at 2-mth low. Most Asian currencies kept to a tight range on Tuesday, while the dollar hovered near two-month lows as weak economic readings fed expectations…
MARKET UPDATE
Oil steadies as investors weigh OPEC+ output cut extension. Oil prices were little changed on Monday, as investors weighed a move by producer group OPEC+ to extend deep output cuts…
MARKET UPDATE
Gold prices steady with PCE test in focus. Gold prices steadied in Asian trade on Friday, with traders remaining wary of the yellow metal before key U.S. inflation data that…
Asian stocks fall on inflation jitters
Most Asian stocks fell on Wednesday, weighed by persistent concerns that sticky inflation will push major central banks into keeping interest rates high for longer. Chinese markets were somewhat of…
MARKET UPDATE
Dollar steady ahead of inflation data. The dollar was bolstered on Wednesday by rising expectations the Federal Reserve is unlikely to cut rates until later this year ahead of crucial…
MARKET UPDATE
Gold prices steady as dollar drifts lower. Gold prices steadied in Asian trade on Tuesday, seeing some relief from a mildly weaker dollar as traders braced for a swathe of…
MARKET UPDATE
Gold prices rise slightly after weekly losses. Gold prices rose slightly in Asian trade on Monday, recouping some of last week’s losses as traders remained cautious towards metal markets ahead…
MARKET UPDATE
Gold prices steady but head for steep weekly losses. Gold prices steadied in Asian trade on Friday, but were nursing steep declines through the week as concerns over high for…
MARKET UPDATE
Dollar near one-week high. The dollar hovered near a one-week high on Thursday after its biggest daily percentage gain this month against a basket of peers a day before as…
MARKET UPDATE
Oil drops for third day. Oil prices fell over 1% on Wednesday, retreating for a third straight day on expectations the Federal Reserve might keep U.S. interest rates higher for…
MARKET UPDATE
Gold prices hit record high. Gold prices hit a record high in Asian trade on Monday as increased geopolitical tensions in the Middle East boosted safe haven demand, while a…
MARKET UPDATE
Asia FX muted, dollar steady. Most Asian currencies weakened slightly on Monday, while the dollar steadied as traders awaited more cues on interest rates from the Federal Reserve this week.…