Gold gains as dollar weakens ahead of Fed policy meet
Sep 14, 2020 06:42 am UTC| Commentary
Gold prices rose, reversing most of its previous session losses, supported by a weaker dollar and expectations that the U.S. Federal Reserve will adopt a dovish stance at its two-day monetary policy meeting later this...
U.K.’s economic activity accelerates in July
Sep 11, 2020 12:51 pm UTC| Commentary
The U.K.s economic activity level picked up further in the month of July, growing 6.6 percent, in line with the further easing in lockdown restrictions witnessed throughout the month. After rises in May and June, the July...
Gold set for weekly gains amid global economic recovery concerns
Sep 11, 2020 07:57 am UTC| Commentary
Gold prices declined after rising to a 1-week peak in the prior session but were on track for a weekly gain underpinned by worries over a global economic recovery from the coronavirus-led slump. However, the slump in the...
BNM keeps overnight policy rate on hold, likely to refrain from further cuts in 2020
Sep 10, 2020 11:45 am UTC| Commentary Central Banks
Malaysian central bank kept the overnight policy rate on hold at 1.75 percent today, consistent with expectations. Bank Negara Malaysia was decisively more optimistic in its statement regarding the economic growth. The...
Gold steadies near 1-week peak on weaker greenback, investors eye ECB policy meet
Sep 10, 2020 07:46 am UTC| Commentary Investing
Gold prices held firm near a 1-week peak hit in the prior session as the dollar weakened, while markets awaited the European Central Banks monetary policy decision due later in the day. Spot gold was trading 0.05...
Gold prices ease as stronger dollar outweigh lingering economic concerns
Sep 09, 2020 07:41 am UTC| Commentary
Gold prices declined as a stronger dollar offset lingering economic concerns from the coronavirus crisis, while markets await the European Central Bank meeting outcome for further cues on the monetary policy...
Gold gains amid fears over global economic recovery
Sep 08, 2020 07:43 am UTC| Commentary
Gold prices nudged up, supported by growing fears over the global economic recovery from the coronavirus crisis, although a stronger U.S. dollar limited the safe-haven metals upside. Spot gold was trading 0.1 percent...
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