The yellow metal is trading on the front foot on Tuesday despite of hawkish Fed. Risk-off flows in equities due to geopolitics and China lockdown concerns favor the safe-haven gold. US inflation data will the key catalyst ahead. Gold prices edged higher on Tuesday as appetite for risk weakened ahead of U.S. inflation data [...]
China’s CPI has landed at 1.5%, against the expectation of 0.1% and previous readout of 0.9%. The Fed’s hawkish outlook and the dovish RBA has underpinned the bearish trend for AUD/USD. Ukraine woes weigh on the market sentiment. The Australian dollar lost its ground against the American dollar during Monday trading session despite as [...]
The yellow metal dropped against the greenback amid rising bets on Fed’s tightening policy. Preliminary estimate of the US CPI may bring more uncertainty to the market. Ukraine uncertainty favors the safe haven gold. Gold dropped against the US dollar during Friday trading session since the US dollar strength backed by prospects of aggressive [...]
The falling yields and the risk-off mood benefitted the safe-haven JPY. Following the US, the UK has also announced fresh sanctions on Russia after its war in Bucha. Market is ignoring the impact of hawkish stance of the Fed. The yen pair traded low on Thursday trading session on falling yields and the prevalent [...]
