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On Friday, Gold Futures contract had dropped by 2.7% which had followed an improved monthly U.S. jobs data release. Global markets had gone risk-on with gold continuing to be a safe-haven asset. Monday last week saw the price going slightly above $1,760 while Frday's daily low fell at $1,671.70. At present, the yellow-colored metal is trades at the bottom of its medium-term consolodation.
This morning, gold went up by 0.78%, offsetting its decline last Friday. With stocks hovering along their medium-term highs, the financial markets stay on risk-on mode.
Economic data releases of late confirm the dire effects created by the coronavirus on international economes, Despite the fact, the monthly jobs data released by the United States on Friday rendered surprisingly positive results. The number of the nonfarm payrolls appeared optimistic. Tomorrow will see the release of the much anticipated U.S. Wholesale Inventories data
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
Oil prices rose on Thursday, but an unexpected build in U.S. crude oil reserves capped gains as the coronavirus pandemic curbed fuel consumption. U.S. crude and distillate stocks rose while fuel demand fell in the past week as a continuous ...
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
KYC Policy