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Data on consumer confidence in the United States pushed the dollar to the highest value in a year. Against this background, the cost of gold on Wednesday dropped to a minimum of two weeks. The reason for its decline was also the restoration of world stock indices, finversia.ru writes. The spot price of gold lost 0.41% and amounted to 1 thousand 217 dollars 56 cents per troy ounce. The cost of gold futures in the United States fell by 0.28% to 1 thousand 219 dollars 20 cents per ounce. The decision of the Bank of Japan to keep interest rates unchanged also contributed to the strengthening of the US dollar. The weak data on production and services in China also affected the growth of the dollar.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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