Gold off 1-month peak as investors speculate pandemic recovery
Jun 23, 2020 07:55 am UTC| Commentary
Gold prices declined after rising to a more than 1-month high in the previous session on increasing coronavirus cases around the world. The drop in the safe-haven metal comes in as investors focused on the prospect for an...
Gold hits 1-month peak amid fears of virus second wave
Jun 22, 2020 10:35 am UTC| Commentary
Gold prices rallied to its highest in more than a month as investors sought the safety of safe-haven assets after increasing coronavirus cases intensified concerns over a delay in global economic recovery. On Sunday,...
Gold gains as infection fears dent investor confidence
Jun 19, 2020 07:54 am UTC| Commentary
Gold prices surged, supported by concerns over the second wave of coronavirus infections, although a stronger U.S. dollar limited gains. Moreover, simmering geopolitical tensions between North Korea and South Korea, and...
BoE extends asset purchase program by further GDP 100 billion
Jun 18, 2020 15:24 pm UTC| Commentary Central Banks
The Bank of Englands Monetary Policy Committee agreed to extend its asset purchase program by a further GBP 100 billion, beyond the GBP 200 billion of purchases sanctioned back in March. The outcome was not unexpected...
Bank Indonesia cuts key policy rate by 25 bps to 4.25 pct, likely to cut again in Q3
Jun 18, 2020 13:52 pm UTC| Commentary Central Banks
As expected, Bank Indonesia lowered its key policy rate by 25 basis points to 4.25 percent against a backdrop of a recovering IDR and soft economic outlook. The rate cut made today marked the resumption of the central...
Norges Bank maintains key interest rate at zero, new rate path suggests first hike in Q4 2022
Jun 18, 2020 12:43 pm UTC| Commentary Central Banks
Norges Bank kept its key interest rate unchanged at zero during its meeting today. The central bank considerably revised up both their view of the economy and the rate path. The new path indicates a first hike in the...
Gold consolidates within narrow ranges as investors await BoE policy meeting outcome
Jun 18, 2020 07:56 am UTC| Commentary
Gold prices consolidated within narrow ranges as worries over new coronavirus cases delaying economic recovery weighed on market sentiment. Moreover, strengthening U.S. dollar and a pullback in global equities supported...
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