Investing.com – Gold prices gave up yesterday’s gains as the dollar and U.S. bond yields resumed their upward trend, curbing demand for the precious metal.
The euro has sold-off lately and is trading around its lowest level since mid-January against the U.S. dollar on Wednesday. But this is rendering it undervalued ahead of the European Central Bank’s policy ...
Gold fell on Wednesday, driven lower by a rising U.S. dollar and bond yields. Comex gold futures for June delivery were down 0.86% to $1,321.60 a troy ounce as of 10:26 AM ET (14:26 GMT). The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.43% to 90.95.
Investing.com - Wall Street opened lower on Wednesday, as worry over rising bond yields offset a surge in corporate earnings.The S&P 500 was down over 21 points or 0.81% to 2,612.12 as of 9:45 AM ET (13:45 GMT) while the Dow composite decreased 200 points or 0.83% to 23,823.70 and tech heavy NASDAQ Composite fell 55 points or 0.79% to 6,951.73.Bond yields have risen to their highest levels in four years, as inflation has added to expectations of continued rate hikes from the Federal Reserve. ...
Bitcoin and other virtual coins were lower on Wednesday, as hackers target Ukraine for digital coins. Bitcoin was trading at of $9,168.60, falling 1.44% as of 8:44 AM ET (12:44 GMT) on the Bitfinex exchange. Other virtual currencies were lower, with rival Ethereum, the world’s second largest cryptocurrency by market cap, falling 9.14% to $630.59 on the Bitfinex exchange.
Investing.com - The U.S. dollar rose to four-month highs against a basket of the other major currencies on Wednesday, as the yield on the U.S. 10-year bond held above 3% after breaching the level for the first time in four years on Tuesday.
Investing.com – U.S. futures pointed to a lower opening bell on Wednesday, as investor unease over rising bond yields offset a rise in corporate earnings.The S&P 500 futures was down over 12 and a half points or 0.48% to 2,633.50 as of 6:58 AM ET (10:58 GMT) while Dow futures decreased 109 points or 0.45% to 23,875.0. Meanwhile tech heavy Nasdaq 100 futures fell 38 points or 0.59% to 6,7488.0.Bond yields have risen to their highest levels in four years, as inflation has added to expectations of continued rate hikes from the Federal Reserve. ...
Global equities are becoming increasingly cautious as the U.S Dollar surge continues. US futures follow global sentiment, aiming for a lower opening.
Based on the early trade, the direction of the gold market the rest of the session will be determined by trader reaction to the main bottom at $1322.60.
Investing.com - Gold prices fell on Wednesday, nearing their recent two-week lows as a stronger dollar and rising Treasury yields weighed on demand for the precious metal.
Investing.com - The U.S. dollar rose to seven-week highs against a currency basket on Wednesday, driven by rising Treasury yields with the U.S. 10-year bond yield reaching its highest level since early 2014.
Jonathan Corpina of Meridian Equity Partners joins Yahoo Finance's Seana Smith to break down the latest market moves.