Bank of Canada (BoC) Governor Tiff Macklem comments on the policy outlook following the BoC's decision to raise its policy rate by 25 basis points to 5% in July.
Spot gold edged higher to a near three-week high of $1940.84 an ounce after the Reserve Bank of Australia said on Wednesday (July 12) in Asia, providing support to the metal after the dollar and bond yields retreated, though investors cautiously awaited US inflation data that could provide more clues on the path of the Federal Reserve's rate hike policy.
pot gold rose for a third straight session on Tuesday, hitting as high as $1,938.54 an ounce before paring gains late in the session to end up 0.37% at $1,932.16 an ounce
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
It is with great pleasure that we announce AUS GLOBAL's recent partnership with Real Betis FC. As the official online financial trading platform of the club, we will be sponsoring various aspects of their operations, including their kits, stadiums, interview zones, training grounds, LEDs, buses, and other sponsorships.
It is with great pleasure that we announce AUS GLOBAL's recent partnership with Real Betis FC. As the official online financial trading platform of the club, we will be sponsoring various aspects of their operations, including their kits, stadiums, interview zones, training grounds, LEDs, buses, and other sponsorships. We are honored to be in the company of esteemed corporations such as Coca-Cola, Volvo, and CaixaBank, and we look forward to supporting Real Betis' upcoming La Liga season in the
With little on the economic calendar, equities trended slightly higher in recovery mode from Friday’s reaction to employment figures. The dollar came under pressure, allowing major pairs to get a boost.
Gold prices are struggling to gain any significant traction on the first day of a new week, and they seesaw between tepid gains and minor losses throughout the early European session. A combination of divergent forces is currently affecting XAU/USD, which is currently trading around $1,924-$1,925.
Asian stocks rose as Wall Street snapped a three-day losing streak.
With the increasing likelihood of a rate hike in July, bond traders are now shifting their focus to the future beyond this month. Encouraging data releases, particularly the latest ISM figures, are heightening the chances of a second rate hike taking place in 2023. Furthermore, these figures also indicate the potential for upward revisions in the projections for 2024 when the Federal Reserve assembles in September.
In June, there was a rise in nonfarm payrolls by 209K, which fell slightly below the Bloomberg consensus for the first time in 15 months. Additionally, revisions made to job growth in the previous two months revealed that employment growth has not been as strong as initially thought.
Stock markets are under pressure after a substantial rise and some profit-taking patterns.
On Tuesday (July 11), spot gold shocked slightly up during the Asian session and is currently trading near $1929.56 per ounce.
Spot gold was little changed on Monday as traders remained cautious ahead of key CPI data, falling sharply to an intraday low of 1,912.74 before quickly recovering losses to end the day up 0.02% at $1,925.32 an ounce.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-07-11
As we draw closer to the end of first-half in 2023, there are likely many tasks you want to complete before the new year. However, reviewing your ‘trading portfolio’ must be one of your top priorities which must not be neglected. Successful traders always revisit and review their trading portfolios every six months, quarter, or year to ensure that they are not drifting away from their initial financial targets.
WCG Markets:2023-07-10
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Spot gold traded near $1,920.50 an ounce in Asia on Monday (July 10). A rebound in the dollar and firmness in the US 10-year Treasury yield have weighed on gold prices, with bulls still widely expected to be given pause by another Fed rate hike in July.