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Gold prices rise as soft dollar supports safe-haven appeal

Monday,   27-Sep-2021   10:02 (IST)

Gold prices firmed on Monday, propped up by a subdued dollar and slight retreat in the U.S. Treasury yields, with investors gearing up for a week of speeches from U.S. Federal Reserve policymakers for cues on the central bank’s rate hike path. Spot gold was up 0.5% at $1,759.06 per ounce, as of 0400 GMT, while U.S. gold futures were up 0.4% at $1,759.00. While the dollar index softened, the benchmark 10-year Treasury yields eased after hitting their highest since early-July. A weaker dollar offered support to gold prices, making bullion cheaper for holders of other currencies. A slew of ...

Oil gains for fifth day amid supply constraints

Monday,   27-Sep-2021   08:42 (IST)

Oil prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts of the world sees demand pick up with the easing of pandemic conditions. Brent crude was up ...

ASIA MARKETS: Shares, Currencies Mixed; Focus on US Yields, China Evergrande

Friday,   24-Sep-2021   09:44 (IST)

Asian shares and currencies were trading mixed amid uncertainty on China Evergrande’s dollar bond coupon payments and a jump in Treasury yields on likelihood of reduced central bank support. Sha...

Gold prices inch higher on softer dollar; set for weekly fall

Friday,   24-Sep-2021   09:04 (IST)

Gold prices edged higher on Friday after falling more than 1% in the previous session, helped by a subdued dollar, although Federal Reserve’s plans on reducing stimulus to the U.S. economy kept ...

Oil looks set to test 3-year high as supplies tighten

Friday,   24-Sep-2021   09:03 (IST)

Oil prices rose for a fourth day on Friday, taking Brent towards three-year highs, as investors focused on tighter supplies amid strong appetite for riskier assets like crude and high hopes for recove...

China tells Evergrande to avoid dollar bond defaults, Bloomberg reports

Thursday,   23-Sep-2021   04:26 (IST)

Chinese regulators have asked China Evergrande Group to avoid a near-term default on its dollar bonds, Bloomberg Law reported on Thursday, the day the troubled property developer is due to make a much...

China preparing for Evergrande's downfall - WSJ

Thursday,   23-Sep-2021   04:20 (IST)

Chinese authorities are asking local governments to prepare for the potential downfall of debt-ridden China Evergrande Group, the Wall Street Journal reported on Thursday here, citing officials famili...

Oil climbs on tight supply, renewed risk appetite

Thursday,   23-Sep-2021   09:01 (IST)

Oil prices rose on Thursday, extending strong gains overnight with fuel demand growing and crude stocks declining as production remains hampered in the U.S. Gulf of Mexico after two hurricanes. The ma...

Gold prices ease as Fed signals quicker-than-expected rate hikes

Thursday,   23-Sep-2021   08:57 (IST)

Gold prices dipped on Thursday after the U.S. Federal Reserve signalled easing its monthly bond purchases by next year and a sooner-than-expected interest rate hike, which could increase the opportuni...

Gold inches higher ahead of Fed policy decision

Wednesday,   22-Sep-2021   10:38 (IST)

Gold prices edged up on Wednesday, ahead of the U.S. Federal Reserve’s policy signals later in the day on reducing stimulus for the world’s largest economy. Spot gold rose 0.2% to $1,777.6...