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Forex and Currency News Archive
Commodities Prices - Amid Soaring Gold, Silver Prices, Bank of America Is Bullish On These 4 Promising Metal ETFs For Good Investment Returns
The abrdn Physical Silver Shares ETF SIVR is the most cost-effective silver fund in Bank of America’s coverage, with a total expense ratio of 0.50%. The bank’s commodity team is also bullish on silver ...
Silver Price - Gold, silver price on May 23: Precious metal loses shine, price tumbles as interest rate fears jump
Meanwhile, silver hovered at Rs 90,562 per kg, hitting an intraday low of Rs 90,462 on the MCX. In the international market, the price hovered around $30.45 per ounce.
EURGBP - EUR/GBP remains above 0.8500 due to lower-than-expected UK Retail Sales
EUR/GBP extends its gains, trading around 0.8520 during the early European session on Friday. The decline in the Pound Sterling (GBP) supports the EUR/GBP cross, which could be attributed to ...
GBPUSD - GBP/USD Forecast: Pound Sterling edges higher as markets doubt BoE pivot in June
GBP/USD gathered bullish momentum and reached its strongest level since March 21 above 1.2750 in the early European session on Wednesday. Although the pair erased a large portion of its gains, it ...
Oil Price - Canadian Dollar depreciates due to lower Oil prices, Fed Minutes ahead
The Bank of Canada's (BoC) preferred trimmed-mean core inflation rate eased to 2.9%. Moreover, the BoC’s median core rate dropped more than anticipated to 2.6%, marking its lowest level since June 2021. These developments have bolstered expectations of a rate cut from the BoC in June, thereby undermining the Canadian Dollar (CAD).
EURUSD - EUR/USD in consolidation
The EUR/USD pair remains in a consolidation phase with a gentle downward movement. Technical indicators suggest potential for further declines, but market participants will be closely watching Fed ...
Brent Oil - Crude oil extends decline despite geopolitical tensions; 4 key reasons weighing on prices
Crude oil prices fell despite the ongoing geopolitical tensions and ahead of the meeting of the Organization of the Petroleum Exporting Countries and its affiliates, together known as OPEC+ on supply.
Crude Oil - FxWirePro-Crude oil Daily Outlook
WTI crude oil showed a minor pullback after the PBOC monetary policy. It hit a high of $79.93 at the time of writing and is currently trading at $78.79. The Peoples Bank of China (PBOC) kept its one ...
Commodities Prices - Gold price hits new record high following Iran president's death
Proactive Investors - The price of gold has risen to a new record high this morning, coming within a whisper of $2,500, with analysts linking it to various possible factors. Some traders and analysts ...
Gold Price - India Gold price today: Gold falls, according to MCX data
Gold prices fell in India on Friday, according to data from India's Multi Commodity Exchange (MCX). Gold price stood at 73,161 Indian Rupees (INR) per 10 grams, down INR 51 compared with the INR 73,212 it cost on Thursday. As for futures contracts, Gold prices decreased to INR 72,912 per 10 gms from INR 72,980 per 10 gms.
Silver Price - Gold, silver price on 16 May 2024: Yellow metal prices fell 0.4%, silver marked an all-time high, hovering above Rs 87,000
Gold prices on the MCX hovered at Rs 72,90773,128 per 10 grams on Friday, hitting an intraday low of Rs 72,833. In the international market, prices maintained a similar trend, hovering around ...
Commodities Prices - Will the Economy or Recycled Copper Keep a Lid on Copper Prices?
In the ever-evolving landscape of commodities, the interplay between economic forces and the availability of recycled copper emerges as a critical determinant of copper prices. As electric vehicles ...
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