Tue, May 21, 2024

Gold trading

Asian stocks

Asian Market and Japan Stocks Plunge

In the early morning trade on Monday, the Asian market traded mostly lesser. Meanwhile, as a Nasdaq-style new technology board in Shanghai launched, Chinese stocks fell. The Shanghai Composite glided 0.8% while the Shenzhen Component dropped 0.6%. A new tech board includes 25 companies. The Science and Technology Innovation Board launched it. In attempting to …

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European stocks

Asian Shares Tumble in the Current Stock Market Movement

On Wednesday, the wake of a strong U.S. retail data and a Brexit-driven dive in the pound, holding the dollar stable at the current stock market. Furthermore, expected earnings reports by the worried investors from corporate America glided Asian shares. Data showed stockpile dropped less than expected last week. Oil prices also decreased after the …

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Gold USD Pair in Red Territory | Wibest

The gold USD pair is trading in negative regions in today’s session. The precious metal’s safe-haven appeal hasn’t been working effectively on traders and investors in past sessions. XAU/USD prices have declined 0.19% or 2.70 points on Wednesday’s session. Spot gold prices currently trade around $1,403.01 compared against its previous close of $1,405.90. The greenback …

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U.S. stock market

The Federal Reserve: Asian Stocks Rise, Dollar Drops

On Thursday, after prospects of a U.S. interest rate cut were reinforced by Federal Reserve Chair Jerome Powell, Asian stocks increased, and the dollar flopped. The U.S. economy is still under threat from disappointing factory activity, tame inflation, and a simmering trade war. Stated by Powell on Wednesday in a meeting with his congressional supervisors. …

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Pile of Gold bars.

US Fed: After Kicking 1-week high, Gold Prices Stable

On Thursday in Asia, as traders weighed gains in stock markets and expected a potential rate cut by the U.S. Federal Reserve occurred, gold prices were a little moved. The Comex division of the New York Mercantile Exchange traded gold futures for August delivery at $1,421.7 a troy ounce, higher 0.06%. Closing record highs overnight, …

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Stack of gold bars.

Gold Prices Strengthen amid Global Trade Qualms

On Wednesday, in Asia amid global trade worries, gold prices increased. The Comex division of the New York Mercantile Exchange traded gold futures for August delivery at $1,429.75 a troy ounce, up 1.5%. Agreement on resuming trade talks were done by U.S. President Donald Trump and Chinese leader Xi Jinping. Even after White House trade …

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Man watching stock market index.

Asian Shares Weaken, Gold Advances on Trump-Xi Conflict

On Friday, Asian shares slipped. Meanwhile, markets became more uncertain whether the highly anticipated meeting between US President Donald Trump and Chinese President Xi Jinping could result to better trade relations. Signs of rising risks to global growth came out with uncertainty over whether the talks will result into progress in ending the year-long trade …

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