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

The number of global Coronavirus infections is increasing at an unexpected speed, and German Chancellor Angela Merkel said yesterday that the pace of new infections is advancing day after day, and at
11-2020 17 08:37:57

Japanese stock indices closed lower today, due to undermining investor sentiment for fear of a rise in Corona cases, and the Nikkei index fell by 0.53% to 25385.87 points, and over the course of a we
11-2020 13 05:10:43

The US dollar manage this morning, to achieve progress during the trading session, as the « safe currency » rose by 0.04% to indicate 93.073, and the dollar fell against the Japanese yen
11-2020 12 08:11:42

Trump is still trying to raise the curtain on the corruption – as he claims – which was defined by the polling process in the last major US election that was sorted by Democrat Joe Biden,
11-2020 11 08:58:20

Most of the global markets rebounded on Monday, right after the opening of the weekly trading session, after Democrat Joe Biden won the US presidential elections, and both stocks and commodities rebo
11-2020 10 09:23:45

More News

Logs

Advertisements