Gold prices rose on Friday as the dollar softened and uncertainty around the U.S. government shutdown added to safe-haven demand, while Wall Street indexes were set for sharp weekly declines. Spot gold was up 0.7% at $4,005.21 per ounce, as of 3:15 p.m. ET (2015 GMT). U.S. gold futures for December delivery gained 0.5% to…
The dollar firmed to a near three-month high on Monday as investors awaited the release of data this week to gauge the health of the U.S. economy and determine whether it could alter the Federal Reserve’s hawkish stance. The yen languished near an 8-1/2-month low, pressured by wide interest rate differentials between the U.S. and…
The U.S. dollar was almost flat on Friday after dipping following fresh inflation data that showed U.S. consumer prices increased less than expected in September, keeping the Federal Reserve on track to cut interest rates again next week. The Consumer Price Index rose 0.3% last month and 3.0% in the 12 months through September. Economists…
Rupee at all-time low: Rupee weakened further on Tuesday, hitting an all-time intraday low of Rs 88.53 against the US dollar, as global uncertainties and policy shocks rattled investor confidence. The domestic currency opened at Rs 88.41 and quickly ceded ground, following a 12-paise loss on Monday. H-1B visa hike and trade tensions weigh Traders…
The Indian rupee closed at Rs 87.82 against the US dollar on Wednesday’s session. It recorded the day’s range between Rs 87.72 and Rs 87.92. Earlier today, the rupee opened stronger, up 23 paise from the previous session close and recorded its best start, below the 88 mark for the first time in the past…
China sought to ease licensing rules for gold imports and exports, as the world’s largest consumer of the precious metal continues to diversify its reserves away from US dollars. The country plans to expand the use of “multi-use permits,” a faster approval system, by increasing the number of ports that can accept them, according to…