Us Economic Data

Dollar gains on yen on cautious BOJ, dips against euro

In cryptocurrencies, bitcoin held just below a more than two-year high reached on Wednesday.

IT leads rebound in Indian shares after lacklustre start

The blue-chip index NSE Nifty 50 rose 0.34% to 22,198.35 while the BSE Sensex settled 0.42% higher at 73,095.22.

Dollar eases, Fed policy path on interest rates in focus

A string of robust US economic data, including a blowout unemployment report on Friday, and recent remarks from Fed Chair Jerome Powell have quashed speculation about early and steep rate cuts that the market had anticipated.

Dollar dips before Fed meeting statement

The US central bank is expected to hold interest rates steady, but flag future cuts by dropping language suggesting further hikes.

Gold edges up as traders eye cues on US rate cuts

Spot gold was up 0.2% to $2,024.49 per ounce by 11:28 a.m. ET (1628 GMT). US gold futures also gained 0.2% to $2,025.70.

Gold takes a breather as investors await US economic data

Spot gold was flat at $1,981.14 per ounce by 0910 GMT, and U.S. gold futures eased 0.1% to $1,992.80.

Asian shares at 9-month high after resilient US economic data

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.53% to almost nine-month highs of 561.99. The index, which fell nearly 20% last year, is up about 11% in the month and is on course for its best ever January performance. Japan's Nikkei rose 0.20%.

Fed maintains accommodative stance – a temporary sigh of relief for markets

While the Fed reassured markets that it won’t raise the federal funds rate, the biggest issue is the markets still have doubts about inflation given strong growth and the big stimulus package

Asian shares set to rise on broader US rally, dollar gains

Investors in Asia await readings on services activity in China and Japan, which are expected to show continued expansion in China, and possibly a move out of contraction for Japan.

Fed seen holding rates steady as inflation watch continues

Central to the debate at the Fed's July 26-27 policy meeting will be how to reconcile upbeat US economic data, highlighted by strong job gains in June, with a global growth slowdown and other headwinds threatening the inflation trajectory.

See no new global danger; US eco not falling apart: JP Morgan

global sell-off, falling oil prices, and news about possible cut in production by OPEC. JP Morgan‘s economist James Glassman is also surprised at the sell off seen in global markets because according him there is nothing in the US economic data that one needs to worry about.

Gold holds up on weak equities, platinum near seven-year low

Spot gold was little changed at USD 1,089.20 an ounce by 0035 GMT, after a lethargic session on Monday with US markets shut for the Martin Luther King holiday.

Gold firms as equities falter on disappointing US data

US retail sales fell in December along with industrial production, the latest indication that economic growth braked sharply in the fourth quarter. Oil prices slid to the lowest since 2003.

Gold glitters to hit over 2-mth high on global cues; up Rs 340

Silver too recovered and reclaimed the Rs 34,000-mark by rising Rs 220 to Rs 34,015 per kg on increased offtake by industrial units and coin makers. A weaker rupee, which plunged to hit fresh 28-month low of 67.59 against the dollar yesterday that made imports costlier also supported the upside in gold prices.

Gold climbs Rs 85 in futures trade on global cues

At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 85, or 0.33 percent, at Rs 25,722 per 10 gram, in a business turnover of 782 lots.

Gold eases for second day on uptick in risk appetite

Spot gold slid 0.1 percent to USD 1,076.88 an ounce by 0007 GMT while US gold futures gained 0.3 percent to USD 1,076.8.

Gold turns higher as the dollar and US stocks weaken

US stocks sold off sharply and a brief rally in beaten-down oil prices stalled after US data added to concerns about an over supplied energy market.

Gold edges up after 2-day decline, China concerns support

Spot gold firmed 0.2 percent to USD 1,095.6 an ounce by 0037 GMT, while US gold futures GCcv1 eased 0.1 percent to USD 1,095.2.

Gold firm on safe-haven demand as stocks face headwinds

Asian share markets swept lower after Wall Street suffered its worst starting week in history and doubts over Beijing's economic competence sent investors into the arms of the safe-haven yen and sovereign bonds.

Gold regaining the Rs 26,000 mark

Silver followed suit and recovered to close higher on increased offtake by industrial units and coin makers. In the global market, the precious metal once again topped the USD 1,100 an ounce mark.

Gold gains for 5th day on global cues; hits 2-month high

Traders said besides a firm global trend where gold rallied to a two-month high in yesterday's trade, increased buying by jewellers at the domestic spot markets to meet rising demand, mainly lifted the precious metal to over two-month highs.

Time for gold to glisten again as a safe haven?

Spot gold prices rose for a fifth successive day on Thursday, with bullion up about 4 percent since the start of the year. Prices topped $1,100 an ounce for the first time in nine weeks as the dollar fell after concerns over the Chinese economy hit global stocks.