Gold

The markets were seen trading mixed on Tuesday as equities paused in their rally and gold managed to post some modest gains on the day. With the producer prices index coming out lower than expected, focus turns to today’s inflation report.…
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The US dollar was seen trading mixed, although the dollar index was seen trading weaker. Lack of economic data and fresh news on the trade narrative kept prices mostly subdued on the day. Investors weigh in on the prospects of a Fed rate…
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The US dollar index fell sharply on Friday extending the declines from earlier in the week. The declines came as the payrolls report for May saw the US economy adding the lowest number of jobs for the second consecutive month. The US…
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The US dollar was seen posting some modest gains on Thursday. Economic data on the day saw the ISM’s non-manufacturing PMI coming out slightly better than expected at 56.9. The data beat estimates of 55.9. But the ADP’s private payrolls…
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The US dollar continued to decline on Tuesday. Fed Chair, Jerome Powell was speaking at an event. He said that the Fed was closely monitoring the escalation in trade tensions and could respond by cutting rates if the economy deteriorates.…
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The US dollar was seen falling for the second consecutive day on weak manufacturing data and dovish Fed comments. Manufacturing activity in the US slowed in May with the ISM manufacturing PMI easing to 52.1 from 52.8. This was the lowest…
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The USD closed the month of May with some modest gains, settling at 97.66 by Friday’s close. This marks a fourth month of consecutive gains in price. On a weekly basis, the greenback extended strong losses. The declines came as investor…
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In a shift of focus from China, the Trump administration slapped Mexico with trade tariffs. The administration announced that it will impose a tariff of 5% on goods imported from Mexico from June 10th with a possibility to hike it to 25% by…
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The US dollar index held strong on Wednesday amid a mixed sentiment in the market. The 10-year Treasury yields hit a fresh 20-month low while equity markets closed in the red. A number of narratives have kept the risk assets in check…
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