Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened....
Tag : US dollar
Dollar heads for weekly gain as yen nears 160 level
The dollar headed for a weekly gain on Friday as the yen hovered near the key 160 per dollar level, keeping currency markets focused on...
Silver tumbles as COMEX margins rise and volatility spikes
NEW YORK: Silver prices fell sharply on Thursday, extending a volatile run for the metal as fresh U.S. labor data pushed the U.S. dollar higher and pressured...
Gold and silver selloff ripples into stocks and commodities
MENA Newswire, NEW YORK: Gold and silver prices tumbled in a sharp, disorderly selloff that erased an estimated $7 trillion in notional value across precious metals, after...
Yuan weakens further, testing China’s resolve amid U.S. policy shifts
The Chinese yuan is under mounting pressure, reflecting the dual challenges of a resurgent U.S. dollar and rising concerns over the economic policies of incoming...
Bitcoin and gold set for major breakout as ‘macro summer’ begins
Bitcoin and gold are positioned for significant price movements as the macroeconomic landscape shifts, according to Raoul Pal, founder and CEO of Global Macro Investor....
Amid political turmoil, Pakistan’s currency faces historic low
Amidst a backdrop of economic fragility and reliance on foreign aid, Pakistan's currency, the rupee (PKR), has once again fallen dramatically against the US dollar,...
Chinese Yuan hits record lows against surging US dollar
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China's domestic...