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Back and forth - MarketPulse - Vimarsana News

Back and forth - MarketPulse

Back and forth Posted 1 hour agoSharePrint US ISM Services and ADP Employment data came in slightly softer than expected overnight, taking the froth of equity markets which seem to be struggling for momentum at these lofty heights, especially technology. US yields spiked early on a US Treasury debt ceiling scare before retreating as the session wore on. That also served to take the wind out of the sails of the US dollar. Oil fell after the official US Crude Inventories data despite a massive drop in the headline number. It may have been a buy the rumour, sell the fact moment after the fall wa...

Gold gains as rising virus cases, pullback in U.S. yields lift demand - Vimarsana News

Gold gains as rising virus cases, pullback in U.S. yields lift demand

By Shreyansi Singh (Reuters) - Gold prices rose on Monday as a retreat in U.S. Treasury yields and worries over surging COVID-19 cases in some countries boosted the metal's appeal, while palladium held firm after surpassing the $3,000-per-ounce level in the previous session. Spot gold was up 0.5% at $1,777.67 per ounce by 0737 GMT. Trading in Asian hours was low due to public holidays in China and Japan. U.S. gold futures rose 0.6% to $1,777.60 per ounce. "The pandemic situation in Japan and India remains a key concern among market participants, so that's driving up the demand for safe-ha...

How falling prices may impact the quality of gold loans for banks - Vimarsana News

How falling prices may impact the quality of gold loans for banks

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