- February 7, 2022
- By: Admin2_blog
- Precious Metal Market
Gold prices have remained resilient in recent weeks in the face of broad market volatility, decoupling somewhat from its typical price drivers — bond yields and the dollar.
US FX
Gold prices have remained resilient in recent weeks in the face of broad market volatility, decoupling somewhat from its typical price drivers — bond yields and the dollar.
Asian share markets slumped on Thursday and European stocks were poised for a lower open after Federal Reserve meeting minutes pointed to a faster-than-expected rise in U.S. interest rates due to concerns about persistent inflation.
Shares in Asia were mixed in Monday morning trade as trading in 2022 kicked off, with some major markets in the region closed.
Shares in Asia-Pacific were mixed in Wednesday trade as investors assessed the impact of the omicron Covid variant.
Shares in Asia largely rose in Tuesday trade after the S&P 500 notched yet another record close on Wall Street overnight.
Shares in Asia-Pacific were mixed in Monday trade, with multiple major markets in the region closed for holidays.
Most Asian share markets edged higher on Friday and the safe-haven dollar was on the back foot, on signs the Omicron variant would not significantly derail global economic growth.
Stocks rose with U.S. equity futures Tuesday, signaling a rebound after Monday’s slump, as investors bet that vaccines can help tame the omicron virus outbreak. Treasuries fell.
Gold climbed on Friday, poised for its best week since mid-November, as the dollar weakened after the U.S. Federal Reserve decided to withdraw its pandemic-era stimulus in response to broadening inflationary risks.