Gold Prices Steadied Above A Major Support Level On Monday As Growing Risks Of An Economic Recession Spurred Some Safe Haven Demand For The Yellow Metal. Prices also recovered marginally from a bruising September, where they dropped 3%. Bullion prices marked their worst quarter since March 2021 with a 7.5% drop Spot gold rose 0.2% to $1,663.99 an ounce, while gold futures were flat around $1,672 an ounce by 20:31 ET (00:31 GMT). Prices of…
Aggressive rate hikes and posturing by the Federal Reserve in an effort to bring down inflation, and the return of a bear market for U.S. equities have contributed to the most pessimistic sentiment among investors all year, according to our most recent survey of our daily newsletter readers. The survey, fielded from September 20-27, captured our readers’ concerns and investing intentions amid a steep decline in both equity and bond prices that brought the S&P…
"Investor Sentiment on Thin Ice Amid Rate Hikes and Swoon in Stocks" Asian currencies plummeted on Wednesday, while the dollar surged to new 20-year highs on hawkish comments from Federal Reserve officials and growing safe haven demand. The dollar index jumped 0.4% to a new 20-year high of 114.68, while dollar index futures rose in a similar range. A broad market rout in risk-driven assets also drove safe haven demand for the greenback. Asian currencies fell sharply as hawkish comments from some Fed officials pointed to more…
"Asia FX Battered by Hawkish Fedspeak, Dollar Back at 20-Year Peak" Asian stock markets sank on Wednesday, tracking overnight losses on Wall Street as investors awaited an interest rate hike and more hawkish signals from the Federal Reserve. Hong Kong’s technology-heavy Hang Seng index continued to lag its peers, falling 1.5%, while Japan’s Nikkei 225 index lost 1.3%. The day’s losses also negated a soft rebound seen earlier this week. Market focus was squarely on the Federal Reserve, which is expected to hike interest rates by at least 75…
"Asian Stocks Slammed by Fed Rate Hike Risks" By Administrator_India Capital Sands HONG KONG (Reuters) – A global share rally continued in Asian trading on Thursday and the safe haven dollar slid as markets welcomed signs that the Omicron variant of COVID-19 might be less severe than feared, as well as robust U.S. economic data. Japan’s Nikkei gained 0.57% and MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.55%, a third successive session of gains as it recovered from a jolt on Monday…
"Asian shares gain, dollar slips as Omicron COVID-19 fears recede"
