News

Economic Buzz: Australia Consumer Confidence Improves

Australia consumer confidence strengthened for the second straight time during the week ended April 22, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday. The consumer confidence index rose to a five-week high of 118.4 from 116.0 in the preceding week. The index measuring households future financial conditions strengthened further, […]

Gold steady but buoyant dollar, Treasury yields weigh

Gold prices steadied in Asian trade on Tuesday, a day after falling to the lowest level in more than two weeks, as a climb in the dollar and 10-year US Treasury yields dampened the appeal of bullion, which pays no interest. Fundamentals After falling for three sessions, spot gold edged up 0.1 per cent to […]

Economic Buzz: Japan Leading Index Revised Up In February

Japan leading index, which measures the future economic activity rose to 106.0 in February from 105.9 in January, which was revised up from 105.6, latest figures from the Cabinet Office showed Tuesday. The flash estimate for February was 105.8. The coincident index that reflects the current economic activity climbed to 116.1 February from 114.8 in […]

Gold tracks US dollar as interest rates take a back seat: WGC

Interest rates in America are no longer influencing gold performance, while the US dollar movement is again becoming a strong indicator of the price direction of the yellow metal, the World Gold Council (WGC) has said. The UK-based gold industry body, in a report, said this trend will continue over coming months even […]

Gold steady but buoyant dollar, Treasury yields weigh

Gold prices steadied in Asian trade on Tuesday, a day after falling to the lowest level in more than two weeks, as a climb in the dollar and 10-year US Treasury yields dampened the appeal of bullion, which pays no interest. FUNDAMENTALS * After falling for three sessions, spot gold edged up 0.1 […]