Gold prices edged up on Thursday as the U.S. dollar ticked lower, but bullion lacked impetus as investors remained on the sidelines in holiday-thinned trading with uncertainty around the Federal Reserve‘s rate path. Spot gold was up 0.2% to $1,993.06 per ounce at 10:27 a.m. ET(1527 GMT), after hitting a three-week high of $2,007.29 on
PMI data are the main drivers in the forex markets today, particularly lifting Sterling and, to some degree, Euro to higher positions. The bounce in Sterling is chiefly attributed to UK services sector bouncing back into expansion territory, a sign of economic resilience. Additionally, the severity of manufacturing recession in UK seems to be diminishing,
In this article BBY Follow your favorite stocksCREATE FREE ACCOUNT People walk past a Best Buy store in Manhattan, New York City, November 22, 2021. Andrew Kelly | Reuters Best Buy cut its full-year sales outlook Tuesday, as the company weathers a period of cooler demand and prepares for price-conscious holiday shoppers. The consumer electronics
Crypto exchange HTX, formerly Huobi Global, will resume deposits and withdrawals within 24 hours after suffering a $13.6 million exploit on Nov. 22. According to its official announcement, the exchange promised to “fully compensate for the losses caused by this attack and 100% guarantee the safety of user funds.” In addition, developers wrote, “the amount
Share: Natural Gas prices fall further as a ceasefire breakthrough in Gaza looks imminent. The US Dollar trades in the red again for this week, erasing Wednesday’s gains. Natural Gas prices could decline to $2.70 in a worst case scenario. Natural Gas (XNG/USD) is sinking this week as a ceasefire deal in Gaza means less
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt. The recent US CPI missed expectations across the board bringing the expectations
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Moderating inflation and the likelihood of no further rate hikes by the US Federal Reserve is boosting the appeal of gold which has shot up to three week highs. On Thursday, the yellow metal traded with a positive bias, aided by a weak dollar. Taking cues from the international prices, MCX December gold futures opened
Global financial markets are experiencing subdued activity in Asian session today, with market participants scaling back their activity in light of Thanksgiving holiday. Major US stock indexes managed to close higher overnight, yet there’s a palpable reluctance among investors to propel these indexes to new highs for the year. In contrast, Asian markets are demonstrating
In this article ANF Follow your favorite stocksCREATE FREE ACCOUNT Abercrombie & Fitch. Courtesy: Abercrombie & Fitch Abercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in sales thanks to a strong back-to-school shopping season and growth at both its namesake brand and Hollister. The longtime mall retailer, which has bounced
Around $46 million in various crypto assets has seemingly been drained from the decentralized KyberSwap exchange in the latest decentralized finance exploit. On Nov. 23, the Kyber Network team alerted its users stating in an X (Twitter) post that KyberSwap Elastic “has experienced a security incident.” It advised users to withdraw their funds as a
The NASDAQ index reached a high of 14539.61 today. That price extended above the high closing level for the index in 2023. That high close came in at 14358.02 reached on July 19. That was the same day that the intraday high price for that index was reached at 14446.55. NASDAQ index traded above its
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
LONDON – Oil prices tanked 4% on Wednesday as OPEC+ producers unexpectedly delayed a meeting on output planned for Sunday, raising questions about the future course of crude production cuts. Brent crude futures was down $3.39, or 4.1%, to $79.06 a barrel by 1412 GMT. U.S. West Texas Intermediate (WTI) crude futures were down $3.26,
Dollar is extending its near term recovery in the early US session. The latest jobless claims data came in better than expected, offering some support to the greenback. However, this was somewhat offset by weaker-than-anticipated durable goods orders. Overall, the current upswing in may not be entirely rooted in these economic releases. The recovery appears
In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Nordstrom on Tuesday said sales slid by nearly 7% year over year, echoing other retailers’ comments about weaker demand and budget-pressured consumers.
Bitcoin (BTC) traded $1,000 off weekly lows after the Nov. 22 Wall Street open as a BTC price relief bounce held firm. BTC/USD 1-hour chart. Source: TradingView Bitcoin respects “very clear” key levels Data from Cointelegraph Markets Pro and TradingView followed crypto markets as they recovered from snap downside the day prior. As the dust
Share: Gold rose the most in a month to north of $2,000. Strategists at TD Securities analyze the yellow metal’s outlook. The Fed has room to loosen monetary policy Weakening data and moderating inflation have prompted some to think the Fed has room to loosen monetary policy, with markets now pricing in a roughly 30%