Morgan Stanley cuts U.S. dollar forecasts lower
[ad_1] The U.S. dollar is going to drop further, Morgan Stanley strategists said over the weekend as they became more optimistic about the global economy. They now see the DXY…
Gold prices rise to 7-month high as dollar weakens
[ad_1] Gold prices kicked off the first full trading week of 2023 at their highest level intraday since early May as a rally driven by a softer dollar and hopes…
U.S. stock futures rise ahead of last trading week of 2022
[ad_1] U.S. stock futures rose Monday night, ahead of the final trading week of 2022. Dow Jones Industrial Average futures YM00, +0.48% gained more than 150 points, or 0.5%, as…
Gold ends the week above $1,800 level as U.S. inflation data shows signs of cooling
[ad_1] Gold prices settled higher Friday ahead of a long holiday weekend, as the latest U.S. inflation data showed signs of cooling, but not enough to quell expectations the Federal…
Gold settles flat after powerful advance as consumer confidence rises to highest since April
[ad_1] Gold prices settled flat on Wednesday as a rally in precious metals appeared to pause after recording solid gains in the previous session. Price action Gold prices for February…
Flight-to-safety trade sends 10- and 30-year Treasury yields to one-week lows
[ad_1] Investors flocked to the safety of U.S. government debt on Thursday, sending yields down across the board, after weak U.S. data reinforced the prospects of a 2023 recession. What’s…
Gold touches fresh 3-month high as rally continues
[ad_1] Gold prices touched a fresh three-month high on Wednesday as the U.S. dollar continued to soften, adding more fuel to the yellow metal’s latest rally. Price action Gold prices…
Gold settles with a more than 5% weekly gain as the dollar softens to a 2-month low
[ad_1] Gold prices on Friday marked another finish at their highest since August, up more than 5% for the week, as expectations that the Federal Reserve might slow the pace…
Gold prices end at lowest in 2 1/2 years as dollar rises in wake of Fed’s 4th jumbo interest rate hike
[ad_1] Gold futures tumbled on Thursday as the U.S. dollar and Treasury yields advanced after the Federal Reserve delivered its fourth 75 basis point interest rate hike since the start…
U.S. stock futures surge after Wall Street’s best week since June
[ad_1] U.S. stock futures surged out of the gate late Sunday, after Wall Street notched its best week since June. Dow Jones Industrial Average futures YM00, +0.52% jumped more than…
Gold, silver climb as traders see chance of less aggressive Fed rate rises
[ad_1] Gold and silver prices traded higher on Thursday as prices for the precious metals continued to seesaw this week alongside the U.S. dollar and Treasury yields. Price action Gold…
ECB’s Lagarde calls for more international ‘cooperation’ in tackling inflation
[ad_1] European Central Bank President Christine Lagarde criticized the fiscal policies of some European countries as counterproductive to the fight against inflation during an interview at the Institute of International…
Gold, silver retreat after logging back-to-back weekly gains
[ad_1] Gold and silver weakened on Monday as investors bid up the U.S. dollar in anticipation of a September inflation report due out later in the week. Price action Gold…
U.S. stock futures dip, dollar rises as Italian election results add to uncertainty
[ad_1] U.S. stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears.…
Gold falls to lowest in more than 2 years as dollar, yields soar
[ad_1] Gold futures on Friday fell back to a level last seen in April 2020, under pressure as the U.S. dollar soared versus major rivals and bond yields jumped amid…
Oil prices on track for 3-day winning streak as dollar extends retreat from recent highs
[ad_1] Oil futures rose early Monday, on track for a three-day winning streak, as the U.S. dollar continued to pull back from multidecade highs and investors turn their attention to…