Tag: dollar index

Gold Exceeds $2,000 to Hit Record Annual Level Amid Weak Economic Data

April 5, 2023
Business & Marketsdollar indexeconomic criseseconomyGold and CommoditiesGold PricesMarketsUS
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The price of gold peaked above $2,000 on April 5, boosted by weak U.S. economic data as well as fears from the banking crisis shaking up the financial sector. Spot gold prices hit $2,028 an ounce in early trading on Wednesday, hitting the highest level since March 2022. U.S. gold futures hit a high of…

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Gold Set to Fall For 4th Week as Dollar Spikes

May 13, 2022
Business & Economydollar indexeconomyGold PricesMarketsU.S. dollarUS
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Gold prices were trading lower on Friday, all set to register the fourth consecutive week of decline amidst a rise in the U.S. dollar and the Federal Reserve raising key interest rates. Gold futures were trading in the red at $1,813 per ounce as of May 13, 14:11 UTC, at which time the U.S. dollar…

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Dollar Holds After Job Report Posts Positive Numbers and European Tensions Flare

April 5, 2022
Business & Economydollar indexeconomic policieseconomyEuropeInternationaljobs reportMarketsRussia-Ukraine Warthe US dollarUkraine invasionUSUS NewsWorld
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The U.S. dollar gained ground for three straight sessions assisted by robust U.S. job growth in March, expectations of faster rate hikes by the Fed, and the prospect of increased sanctions on Russia amid rising Ukrainian civilian casualties. The USD/EUR rebounded from a low of 0.8946 on March 30 to end April 4 at 0.9112,…

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Dollar Falls From 15-Month High, Central Banks Hold Interest Rates Steady Amidst Rising Inflation

November 8, 2021
Business & EconomyCentral Bankconsumer price indexdollar indexEconomieseconomyinflationMarket WatchUSUS News
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The dollar made a steady start on Monday but fell below the 15-week peak reached after the Nov. 5 release of jobs data, as wary investors remained watchful of the central bank’s continued tolerance of inflation amidst the market’s volatile interest rate projections. Investors are waiting for U.S. Consumer Price Index data due on Wednesday….

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