Gold refreshes two-week high ahead of US inflation data

Share:   Gold price holds gains tightly as Fed policymakers support an unchanged monetary policy ahead. The US Dollar reported bearish closes six times in a row as hawkish Fed bets wane. Investors await the US inflation data, which is expected to fall further. Gold price (XAU/USD) clings to gains backed by a

Dollar flat ahead of release of Fed minutes, PPI data By Investing.com

© Reuters Investing.com – The U.S. dollar traded largely unchanged in early European hours Wednesday, adopting something of a holding pattern ahead of the release of key inflation data as well as the minutes from the last Federal Reserve meeting. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket

US Data will Test Short Term Direction

Article by IG Senior Market Analyst Shaun Murison USD/ZAR Key Takeaways: 1. The recent recovery of the Rand against the US Dollar is primarily due to the weakening of the dollar rather than the strengthening of the Rand itself. 2. The US Dollar is currently underperforming against various currencies, following remarks from Federal Reserve officials

Sterling Brushes Off PMI Data and Eyes Recovery

GBP PRICE, CHARTS AND ANALYSIS: Read More: Bitcoin Technical Outlook: Price Action Remains Choppy Heading into Q4 GBP has arrested its slump with a midweek recovery largely thanks to a recovery in overall risk sentiment. Cable has been the bigger beneficiary as the improving risk sentiment has seen the Dollar Index and US Treasury Yield