The yellow metal makes the heaviest losses in over this month, in the earlier of this month. Gold dropped to a nine-week low the previous day before recovering from $1,785. As the broad US dollar gains remain on the table, which weighs on gold prices off-late, the pre-NFP trading lull seems to challenge the commodity [...]
With covid vaccinations likely to kick off at the end of the ongoing month, Australian Prime Minister Mr. Scott Morrison said Thursday that the government would buy another 10 million doses of Pfizer’s vaccine. He also said that the country now has access to 150 million doses of the vaccine. Its worth mentioning that AstraZeneca’s [...]
US Treasury Secretary Janet Yellen is expected to hold a meeting with the Securities Exchange Commission (SEC), the Federal Reserve (Fed), the New York Fed and the Commodity Futures Trading Commission this week, citing sources familiar with the matter. Earlier on Wednesday, Yellen said that the Congressional Budget Office (CBO) forecast portrays a desperate need [...]
At its first monetary policy meeting of 2021 on February 2, the Reserve Bank of Australia (RBA) board members decided to maintain the official cash rate (OCR) at a record low of 0.10%, matching the market’s consensus. The RBA left its three-year bond yield target unchanged at 0.10%. It has also decided to purchase an [...]
