US interest rates

Gold prices remain steady

London - Arab Today

Gold prices held steady near one-month highs on Tuesday, supported by political and economic uncertainty in the US and expectations of a lower dollar. Spot gold was little changed at $1,253.41 an ounce at 1124 GMT, after touching its highest in a month at $1,261.03 on Monday. US gold futures inched down 0.2 percent to $1,253.30. Traders report more investorRead more

Gold prices hit 1-month high

London - Arab Today

Gold rallied more than 1 percent on Monday after US President Donald Trump’s failure to push through a health care reform package on Friday raised questions about his ability to deliver promised tax cuts and spending plans. That knocked the dollar to a four-month low versus a currency basket and drove a drop in stock markets, with European indices slidingRead more

Gold hits 3.5-month high

London - Arab Today

Gold hit its highest in 3-1/2 months on Friday as the dollar hit a one-week low after the new US finance chief poured cold water on the “Trumpflation trade” that had boosted the greenback this year. Treasury Secretary Steven Mnuchin said on Thursday that any steps US President Donald Trump’s administration takes on policy would probably have only limited impactRead more

Global gold prices drop

London - Arab Today

Gold prices fell on Tuesday as renewed expectations of an increase in US interest rates next month pushed the dollar higher, although political and economic uncertainties in Europe and the US supported investor sentiment. Spot gold was down 0.3 percent at $1,233.79 an ounce at 1541 GMT, but has gained more than 6 percent since the start of the year.Read more

Stocks rise on Yellen’s positive US outlook

London - Arab Today

European and Asian stock markets rose solidly Wednesday following a rally in Tokyo, as investors reacted to indications that US interest rates could climb as early as March. The dollar extended gains as traders cheered upbeat remarks on the US economy by Federal Reserve boss Janet Yellen on Tuesday and her suggestion that US borrowing costs could rise next month.Read more

Gold retreats as Trump tax pledge lifts dollar

London - Arab Today

Gold fell on Friday, retreating further from this week’s three-month high, as US President Donald Trump’s promise of a major tax announcement boosted the dollar and upbeat data fueled talk of a near-term rise in US interest rates. Disappointment among some buyers at gold’s failure to break above the $1,245 an ounce level it tested twice this week has alsoRead more

Oil Prices Fall 3% On Stronger Dollar

Washington - QNA

Oil prices slid more than three per cent as the dollar jumped after the US Federal Reserve's decision to hike US interest rates and after a jump in crude inventories at the biggest US storage centre renewed concerns about a glut. The dollar rose, making oil more expensive for countries using other currencies. Brent crude futures settled at $US53.90 perRead more

Stock markets falter as Trump hopes turn to fear

London - Arab Today

Stock markets retreated Friday while the dollar rallied on the prospect of higher US interest rates, with dealers betting US president-elect Donald Trump’s planned huge spending policies will fire inflation. Despite an all-time high close on Wall Street Thursday, investors across Asia and most of Europe turned cautious on uncertainties linked to a Trump presidency, while the Mexican peso hitRead more