Breaking News

Gold, yen tumble as outlook brightens

News Date: 8/8/2016 05:01:47
Gold, silver and yen recorded wide losses on Monday as risk sentiment grew back following the stellar U.S. payrolls report for July, and after a stream of stimulus measures from global central banks to boost the global economy.

Gold futures lost over seven dollars, or 0.55% to trade at $1,336 an ounce, while silver prices slid 14 cents, or 0.72% to hover around $19.67 an ounce.

Japan's yen shed nearly half a percentage point against the dollar to trade at 102.31, touching almost a week low as the Japanese government embarks on a strong stimulus program to prop up the morbid local economy and its exports.

Oil prices jumped today on new appeals for restraining global output, with Brent crude futures up 1.22% to trade at $44.81 a barrel, while U.S. crude futures gained 1.34% to move around $42.37 a barrel.

Investors await some data later today, with Canada's building permits expected to rise 2.7% m/m in June, compared to May's 1.9% tumble, which would buoy the Canadian dollar.

Latest news

Gold futures rose for December delivery according to the Asian session on Friday. As it increased by 0.47%, to be traded at the price of 1959.00 dollars per ounce, and it was previously traded at a
09-2020 18 06:02:31

Oil prices rose this morning, due to the halt in oil and gas production due to a hurricane in the United States of America, as the price of crude oil increased by approximately 1.5%, reaching 41.13 d
09-2020 16 06:30:20

We open the trading week with a rise in gold prices today, after it witnessed a decline in the last days of last week, as it is a safe haven for investors, especially when crises that negatively affe
09-2020 14 06:22:57

Gold prices experienced a remarkable decline at the beginning of the week after it concluded its Asian trading at a high, affected by the great rush of investors, if this morning the gold futures con
08-2020 31 08:11:31

We start today's events, Tuesday, by the rise in oil prices affected by the easing of precautionary measures to combat turquoise corona in the world. US West Texas crude futures are expected to decre
08-2020 26 04:51:45

More News