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BOJ unveils plan to launch new scheme on climate change, keeps policy steady

Friday,   18-Jun-2021   09:43 (IST)

The Bank of Japan said on Friday it will launch a new scheme to encourage financial institutions to boost lending and investment for fighting climate change, in a surprise move underscoring the growing attention central banks are putting on the topic. The BOJ said it expects to launch the scheme by the end of this year, and will release a preliminary outline of the scheme at its next policy-setting meeting in July. "Climate change issues could exert an extremely large impact on economic activity, prices and financial conditions from a medium- to long-term perspective," the BOJ said i...

Oil slips again on surging U.S. dollar, but holds above $70

Friday,   18-Jun-2021   08:58 (IST)

Oil prices fell for a second consecutive day on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but were nevertheless on track to finish the week flat - o...

Gold set for worst week since March 2020 after hawkish Fed

Friday,   18-Jun-2021   08:57 (IST)

Gold prices edged higher on Friday, but were on track for their worst week since March 2020 after the U.S. Federal Reserve’s hawkish message on monetary policy bolstered the dollar and bond yiel...

Crude oil prices drop, pressured by stronger U.S. dollar

Thursday,   17-Jun-2021   08:59 (IST)

Crude oil prices fell on Thursday pressured by a stronger U.S. dollar, but losses were limited by a big drop in crude oil inventories in the United States, the world's top oil consumer. Brent crud...

Gold stages slight rebound on bargain hunting after Fed's hawkish tone

Thursday,   17-Jun-2021   08:56 (IST)

Gold prices rose on Thursday as investors took advantage of a sharp fall in the previous session to buy the metal after the U.S. Federal Reserve signalled it might raise interest rates sooner than exp...

Oil bulls take charge as demand outlook improves, Brent up a fifth day

Wednesday,   16-Jun-2021   09:34 (IST)

Oil prices rose on Wednesday, with Brent gaining for a fifth consecutive session, as falling stockpiles and a recovery in demand encouraged investors. Brent crude was up 69 cents, or 0.9%, at $74.68 a...

Gold slips on dollar strength as markets await U.S. Fed statement

Wednesday,   16-Jun-2021   08:55 (IST)

Gold prices edged lower on Wednesday due to a stronger dollar as investors look forward to the outcome of the U.S. Federal Reserve meeting for hints on tapering of economic support measures. Spot gold...

Oil rises as threat recedes of Iran supply resuming soon

Tuesday,   15-Jun-2021   09:41 (IST)

Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States...

Gold down for 3rd day as dollar firms ahead of Fed meeting

Tuesday,   15-Jun-2021   08:55 (IST)

Gold prices on Tuesday fell for a third straight day, as an uptick in the dollar dented the safe-haven metal’s appeal, while investors awaited the U.S. Federal Reserve meeting for clues on the c...

Gold prices at 1-1/2-week low on dollar strength as Fed meeting looms

Monday,   14-Jun-2021   09:34 (IST)

Gold prices slipped on Monday to their lowest in more than a week, weighed down by a stronger dollar, while investors awaited cues from the Federal Reserve policy meeting this week with recent spikes ...