Gold Soars to Fresh All-Time High on Soft US Data
Gold futures surged more than 1% in the middle of the holiday-shortened trading week as cooling labor market conditions added to bets that the Federal…
Posts Tagged: JOLTS
Gold Joins Selloff in Metal Commodities As Markets Brace for Jobs Report
Gold futures plunged on Tuesday as the financial markets monitored the latest jobs data and watched a bounce in the US dollar. The yellow metal…
US Dollar Index (DXY) Flat After Job Openings Sink to Lowest Level Since February 2021
The US Dollar Index (DXY), a measurement of the greenback against a basket of currencies, was little changed following new jobs data that suggest the…
US Dollar Extends Gains in Overnight Trading After Cautious Federal Reserve Language
The US dollar continued its strong start to the new year in overnight trading as the greenback is looking to turn the page on a…
US Dollar Strengthens As Investors Move On From Pricing in Rate Cuts in 2024
The US dollar strengthened against its Canadian counterpart on Tuesday as investors returned to the greenback. Despite expectations that the Federal Reserve will cut interest…
Gold Continues Retreat After Touching Record High
Gold futures continued their pullback after recently hitting a record high. The yellow metal has experienced a notable reversal, fueled by a strengthening US dollar….
USD/CAD Flirts With 1.3900 As Canada Slips Into Technical Recession; Investors Eye FOMC
The US dollar was relatively flat in the middle of the trading week, with investors eyeing the much-anticipated Federal Reserve policy meeting. Financial markets also…
US Dollar Weakens As Investors Bet on Dovish Monetary Policy Tilt Amid Weak Data
The US dollar weakened in the middle of the trading week amid disappointing economic data that could support the case of the Federal Reserve cutting…