Page 2 - Markit Mfg News Today

Gold set for third straight weekly gain as US yields, dollar pull back SECTIONS Last Updated: Apr 23, 2021, 07:53 AM IST Share Synopsis U.S. President Joe Bidens proposal to hike capital gains tax encouraged investors to flock towards bullion. iStock Related Gold gained on Friday and was poised for a third straight weekly rise as a softer U.S. dollar, falling Treasury yields and a dip in equities after U.S. President Joe Bidens proposal to hike capital gains tax encouraged investors to flock t...

Gold edges higher on new Covid-19 strain, inflation woes SECTIONS Last Updated: Apr 01, 2021, 08:14 AM IST Share Synopsis Stimulus measures increase the chances of higher inflation and gold is often considered as a hedge against it. Spot gold was up 0.2% at $1,710.28 per ounce. Related FUNDAMENTALS Spot gold was up 0.2% at $1,710.28 per ounce by 0156 GM, though it was set for its second straight weekly fall. U.S. gold futures fell 0.3% to $1,709.80 per ounce. U.S. President Joe Biden on Wednesd...

HANOI — Copper prices in Shanghai slipped on Monday, having notched their best monthly gain in nearly 12 years, as top consumer China posted…

since end-November, as recent strength in U.S. Treasury yields dented the non-yielding metal’s appeal. FUNDAMENTALS GMT, having touched its lowest since Nov. 30 at $1,765.35 earlier in the session. Prices have declined 3% so far this week. * Benchmark U.S. Treasury yields edged higher, having hit a near one-year peak earlier in the week. Higher yields increase the opportunity cost of holding bullion, which pays no interest. * The dollar was also set to mark a weekly gain, making gold expen...

HANOI — Copper prices edged lower on Monday pressured by demand worries after data showed easing manufacturing activity in top consumer China.

Copper prices edged lower on Monday pressured by demand worries after data showed easing manufacturing activity in top consumer China.