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Gold prices did not change much on Monday, as a stable dollar did not affect their dynamics. After Monday's morning decline, the price of the December gold futures on the Comex stock exchange increased by 0.02% to 1 thousand 233.5 dollars per troy ounce. December silver futures fell 0.28% to $14.72 an ounce. After the growth of the dollar at the end of last week, which received support from US statistics, on Monday its dynamics were differently directed with respect to the yen and the euro. Investors are awaiting the decision of the Federal Reserve System after the meeting on November 8, since the rate increase will support the dollar, which will adversely affect the value of gold.
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 ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
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 ...
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