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On Monday, gold rose in price to a maximum of nearly two weeks against the background of the yuan strengthening and the weakening of the US dollar, as well as in connection with the closing of short positions by investors. In the morning on Monday, the dollar index was kept near the three and a half weeks' lows to the basket of major currencies after the release of weak data on the growth of wages in the US. At the same time, the yuan rose and traded close to 6.62 yuan against the dollar. Gold by 13:57 Moscow time rose in price to 1 thousand 265 dollars 16 cents per troy ounce from 1 thousand 254 dollars 20 cents per ounce at the closure of trading on Friday. The price of gold futures in the US rose to 1 thousand 266 dollars 20 cents per ounce.
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 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 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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 ...
Gold prices rose earlier on Tuesday morning in Asia on the back of renewed hope as the U.S. and the Europe pledged on additional stimulus packages. In the U.S., another round of stimulus measures is underway in Congress, as previous stimulus ...
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