Gold Archives - Page 2 of 49 - Financial Mirror

Gold extends rally above $2,160 ahead of US NFP

The price of Gold extended its upside around $2,165 after reaching a record high during the early European session on Friday. A weaker US Dollar and a decline in US Treasury bond

8th March 2024

Markets/World

Investors remain cautious

By Naeem Aslam Investors are taking a cautious approach when it comes to taking risks. This week’s economic data hasn’t been so supportive of their investment thesis, and hence they are

16th February 2024

Markets/World

UK in recession, but that’s unlikely to sway BoE

By Craig Erlam The UK fell into recession in the second half of last year after GDP figures for the fourth quarter showed a steeper contraction than expected. While a recession was

15th February 2024

Markets/World

CPI kills last hope for March Fed rate cut

By Craig Erlam This is not the U.S. inflation report that the Federal Reserve wanted to see and markets responded accordingly late on Tuesday. Inflation in January was hotter than expected across

14th February 2024

Markets/World

A step in right direction for UK, BoE cautious

By Craig Erlam The UK continues to make progress toward cutting interest rates, but as has been the case throughout the last couple of years, the process is far from straightforward. The

13th February 2024

Markets/World

Will Fed hint at March cut or leave door slightly ajar?

By Craig Erlam It’s been a relatively slow start to trading on Wednesday which isn’t surprising considering what’s to come later in the day. On another day, earnings from Alphabet and Microsoft

31st January 2024

Markets/World

US inflation opens door to March Fed rate cut

By Craig Erlam Inflation, income and spending data for the US was released on Friday and broadly speaking the numbers were in line with expectations, with one outlier. Spending last month increased

27th January 2024

Markets/World

Strong US surveys, cautious BoC, Eurozone struggles

By Craig Erlam US economic data was surprisingly strong on Wednesday, with both the services and manufacturing PMIs comfortably exceeding expectations and reinforcing the message that the economy is in good shape,

24th January 2024

Markets/World

Investors eye earnings, BoJ considers rate hike

By Craig Erlam Stock markets traded a little in the red on Tuesday, with investors eyeing earnings results – including Netflix – and the result from the Republican presidential primary. Equities traded

24th January 2024

Markets/World

UK retail sales plunge in December

By Craig Erlam UK retail sales fell sharply in December as consumers tightened their purse strings during what is normally a hugely important time of year for retailers. Any sense of optimism

19th January 2024

Markets/World