Author Archive

Author : Ambar Warrick

Investing.com– Gold prices fell in Asian trade on Tuesday amid some pressure from a rebound in the dollar, although the prospect of lower interest rates and increased safe haven demand kept the yellow metal in sight of recent peaks.

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Lim Hui Jie

Key Points

• China reported that its industrial profits from January to July climbed 3.6% year on year.
• Oil prices continued to rise after Israel and Hezbollah traded strikes over the weekend, with U.S. West Texas Intermediate crude climbing 3.5% to close at $77.42 per barrel and Brent crude up 3.05% at $81.43 a barrel, its highest in about two weeks.

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(Reuters) – European shares were subdued on Monday ahead of a raft of key economic data this week.

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Gold prices held ground on Monday, buoyed by a weaker dollar and Treasury yields after U.S. Federal Reserve Chair Jerome Powell’s dovish remarks cemented expectations for a September rate cut.

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Lim Hui Jie

Key Points

• Investors in Asia assessed dovish comments by U.S. Federal Reserve Chairman Jerome Powell, and rising Middle East tensions as Israel and Hezbollah traded strikes.
• China’s central bank will release its medium-term lending rate on Monday, while Singapore will publish its manufacturing data for July.

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Karen Gilchrist@_karengilchrist

LONDON — European stocks were higher Friday as investors looked ahead to U.S. Federal Reserve Chair Jerome Powell’s speech later in the session from Jackson Hole, Wyoming.

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Gold prices inched up on Friday but were set for a weekly decline after slipping from record highs, as the U.S. dollar and Treasury yields rebounded ahead of Federal Reserve Chair Jerome Powell’s speech that could give clues on interest rate cuts.

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Lim Hui Jie

Key Points

• Japan’s headline inflation came in at 2.8%, unchanged from the month before.
• However, the so called “core-core” inflation rate, which strips out prices of both fresh food and energy and is tracked by the Bank of Japan, fell to 1.9% in July, down from 2.2%.
• This is the lowest the “core-core” inflation rate has reached since September 2022.

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Gold prices regained lost ground on Wednesday to hover close to their all-time highs after minutes from the U.S. Federal Reserve’s last meeting showed officials strongly leaned towards an interest rate cut at their September policy meeting.

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Lim Hui Jie

Key Points

• The Bank of Korea held its benchmark interest rate at 3.5%, in line with expectations.
• Investors digested business activity data from Australia and Japan and awaited PMI numbers from India.

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