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 dollar index rise against six major currencies, including the British pound and the euro, rose to its highest level in 20 years, supported by the decline of the British pound. The euro recorded
09-2022 26 02:49:04

Crude oil futures rose during the Asian session today, Thursday, this rise came after a decline : after the US central bank raised interest rates to control inflation, which directly affected the dem
09-2022 22 02:20:30

Yesterday, Wall Street closed lower , following the US central bank’s meeting, which is expected to raise interest rates significantly. According to the data, the Standard & Poor's 500
09-2022 21 01:33:42

Today gold futures and crude oil futures rose during the Asian session. As the gold futures contract was traded in December at $1,685.30 an ounce, its price increased by 0.42%, after it had previous
09-2022 20 02:56:35

The dollar fell by about 1% from its highest level in 20 years, this comes when investors assessed some of the risks of large increases in interest rates expected by major central banks during this w
09-2022 19 01:28:27

More News