Gold are showing higher from yesterday itself and hitting daily highs today. In quieter summertime trading, the metals market bulls are awaiting some kind of spark to break the markets out of their doldrums. The U.S. economic data point of the week yesterday saw the consumer price index report for May come in at up [...]
The yellow metal is trading low against the greenback due to Upbeat US macro data and uptick in the US bond yields. According to the ADP National Economic Report released Thursday, U.S. private-sector employment surged by 978,000 in May, this gain was above forecasts from economists with a record of 923,000 jobs. It is to [...]
Japan has planned to extend virus emergency in Tokyo, 8 other areas beyond may 31st deadline according to the recent news. Japan declared a state of emergency in three more prefectures which were hit hard by the COVID-19 pandemic, Prime Minister Yoshihide Suga's a surprise move that reflects growing concern about the spread of the [...]
The New Zealand dollar sank against the greenback because of the expectations on earlier-than-expected policy tightening by the Federal Reserve as a response to rapid inflation and higher treasury yields. As per the data released on Wednesday, U.S. consumer prices increased by the most in nearly 12 years in April as booming demand amid a [...]
