Ritu

Gold, Copper Slip as Powell Dashes Fed Pivot Hopes 0
- Gold, Market
- November 3, 2022
Gold prices fell on Thursday, reversing recent gains as hawkish comments from Federal Reserve Chairman Jerome Powell dashed hopes that interest rate hikes will end soon, while copper prices were also hit by uncertainty over China withdrawing its zero-COVID policy The Fed hiked interest rates by an as-expected 75 basis points (bps), and said that
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Oil Falls on Weak Chinese Data, Hawkish Fed Also Weighs 0
- Market, Stock Market
- November 3, 2022
Oil prices retreated from a three-week high on Thursday after weak economic data from China pointed to more trouble in the world’s largest crude importer, while the outlook for demand was also dimmed by the prospect of higher U.S. interest rates A private survey showed that China’s massive services sector shrank for a second straight
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Gold Buoyant Before The Fed, Copper Rallies on China COVID Hopes 0
- Gold, Market, Stock Market
- November 2, 2022
Gold prices held recent gains on Wednesday as the dollar steadied before the conclusion of a Federal Reserve meeting, while copper prices were lifted by speculation over China potentially relaxing its strict zero-COVID policy Spot gold steadied around $1,648.23 an ounce, while gold futures rose 0.1% to $1,650.80 an ounce. Both instruments jumped from a
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Asia FX Hunkers Down Ahead of Fed Meeting, Dollar Slips 0
- Market, Stock Market
- November 2, 2022
Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while the dollar fell amid hopes that the central bank will espouse a less hawkish outlook. The Japanese yen bucked the trend, rising 0.7% on expectations that the government will intervene further
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