Gold slips as risk appetite improves

2021-07-22 07:55:07

Gold inched lower on Thursday, as the dollar remained strong and investors looked past economic threats from rising cases of the Delta coronavirus variant and opted for riskier assets instead.

FUNDAMENTALS

* Spot gold was down 0.1% at $1,801.82 per ounce, as of 0040 GMT, after hitting a more than one-week low of $1,793.59 in the previous session.

* U.S. gold futures eased 0.1% at $1,801.90 per ounce.

* The dollar index held close to a 3-1/2-month

Continue Reading

Gold prices flat as lower US bond yields offset firmer dollar

2021-07-20 08:06:01

Gold prices were flat on Tuesday, as a slide in US. Treasury yields offset a firmer dollar amid investor concerns over a relentless surge of the Delta coronavirus variant that could threaten the outlook for global economic recovery.

FUNDAMENTALS

* Spot gold was steady at $1,813.15 per ounce, as of 0057 GMT, after falling to a one-week low of $1,794.06 in the previous session.

* U.S. gold futures edged up 0.3% at $1,813.80.

* Benchmark 10-year Treasury yields

Continue Reading

China, U.S. can find common ground on tariff exclusions, Chinese think tank says

The Biden administration is unlikely to remove tariffs on Chinese goods in the short term, but China and the United States might find a middle ground by increasing tariff exclusions as a way to reduce tensions, a Chinese think-tank said.

With even free trade advocates in the U.S. lobbying that Washington should use tariff cuts as a tool for new trade negotiations with China, tariffs are likely to remain in place, said a report from China Finance 40 forum (CF40)

Continue Reading

China stocks post best week in 3 months on easing inflation fears, yuan strength

2021-05-28 13:22:23

SHANGHAI: China stocks slipped on Friday, but posted their best week in more than three months as inflation and policy tightening worries faded and a strong yuan boosted foreign inflows into the country’s equities market.

The blue-chip CSI300 index fell 0.3 per cent to 5,321.09, while the Shanghai Composite Index eased 0.2 per cent to 3,600.78.

The tech-heavy start-up board ChiNext rose 0.2 per cent, while Shanghai’s STAR50 index shed 0.8 per cent.

For the week, CSI300 advanced

Continue Reading

Gold firms near 4-1/2-month peak on weaker US dollar, yields

2021-05-26 08:40:28

* Spot gold was steady at $1,899.11 per ounce by 0041 GMT, after hitting its highest since Jan.8 at $1,899.11 on Tuesday.

* U.S. gold futures edged 0.1% higher to $1,899.60 per ounce.

* The dollar index was pinned near a 4-1/2-month low against its rivals, making gold cheaper for other currency holders.

* Benchmark U.S. Treasury yields fell to a two-week low of 1.56% overnight, reducing the opportunity cost of holding non-interest bearing gold.

* U.S. consumer

Continue Reading

Big apparel brands still need Bangladesh’s workers

Bangladesh is deep into its second month of a coronavirus lockdown that has shuttered schools, public transportation and most workplaces. But thanks to lobbying by the country’s garment manufacturers, millions of factory workers are still on the job every day — even though many have complained of pay cuts, late wages and inadequate Covid protections.

Eight years after the notorious collapse of the Rana Plaza apparel manufacturing complex, which killed more than 1,100 people, Bangladesh’s garment industry was supposed to

Continue Reading