Dollar Down Over Rising COVID-19 Numbers, Biden Power Transfer Concerns
By Administrator_ India Capital Sands The U.S. Dollar Index Futures that tracks the greenback against a basket of other currencies inched down 0.04% to 92.502 by 10:13 PM ET (2:13 AM GMT). Moderna Inc reported a 94.5% efficacy rate for its candidate mRNA-1273 on Monday on the back of its large, late-stage phase III COVE study. The […]
Gold Jumps Over Weaker Dollar, Stimulus Hopes Revive
By Administrator_ India Capital Sands Gold futures jumped 1.15% at $1,916.80 by 11:07 PM ET (3:07 AM GMT), climbing above the $1.900-mark. The dollar was down on Friday. Talks between House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin over the measures resumed on Thursday, with President Donald Trump announcing that talks with Congress have resumed […]
Gold set for worst monthly fall in 4 years as dollar strengthens
By Administrator_India Capital Sands Gold in the international market declined on Wednesday and was on track for the biggest monthly fall in nearly four years, as the dollar benefited from caution that crept into the financial markets after the first US presidential debate. Spot gold dropped 0.67 per cent to $1,885.4 an ounce (until 7.35 pm IST), […]
Dollar stands its ground as U.S.-China tensions grow
By Administrator_India Capital Sands The dollar held its own on Thursday as rising Sino-U.S. tension put crushing pressure on the Chinese yuan and proved a counterweight to optimism about the coronavirus recovery. The escalating war of words between the world’s two biggest economies also spilled over to the Australian and New Zealand dollars, as a far more […]