Gold rallies on easing dollar, U.S. China tensions, stimulus bets

Jul 24, 2020 09:58 am UTC| Commentary

Gold prices surged, hovering towards a near a 9-year high and were poised for its biggest weekly gain in more than three months, benefiting from a weak dollar and inflation expectations due to stimulus measures for...

FxWirePro: India Mulls Over Frontier Technologies, Big Names Eye on Blockchain Adoption

Jul 24, 2020 09:22 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

India is embarking on a digitalisation drive for many trajectories of businesses. To substantiate this stance, the Prime Minister of India, Narendra Modi, has recently advocated blockchain as an opportunity in frontier...

U.S. weekly initial claims rise, hints at higher rate of job separation

Jul 23, 2020 18:41 pm UTC| Commentary

U.S. weekly initial claims deteriorated, implying the pace of separation might have picked up. Initial jobless claims rose 109,000 in the week ended 18 July to 1.416 million versus a revised 1.307 million the week prior....

Singaporean headline inflation likely to remain negative for remainder of 2020

Jul 23, 2020 16:12 pm UTC| Commentary

Singaporean consumer price inflation came in line with market expectations. On a month-on-month basis, the CPI-All Items index was the same. Food prices continue to rise, as supply disruptions continue to increase the cost...

Swedish jobless rate rises sharply in June, likely to remain at high levels for long time

Jul 23, 2020 13:50 pm UTC| Commentary

Swedish jobless rate rose sharply in the month of June to 9.2 percent from Mays 8.5 percent, coming above consensus expectations. The labour supply dropped and were down by 0.4 percent sequentially while the share of...

Gold holds gains near 9-year peak on U.S.-China tensions and stimulus bets

Jul 23, 2020 09:52 am UTC| Commentary

Gold prices rallied to its highest in nearly 9-years, driven by an escalation in U.S.-China tensions and expectation of more stimulus measures to support pandemic-hit economies. Spot gold was trading 0.5 percent higher...

Gold prices near 9-year high on soft dollar and stimulus speculations

Jul 22, 2020 08:57 am UTC| Commentary

Gold prices rallied more than 1 percent to its highest in nearly 9 years, boosted by a weaker dollar and expectations of more stimulus to revive pandemic-hit economies. However, encouraging results from several COVID-19...