The dollar has become the boxing bag of the world and is likely to remain that way for a time. The global reserve currency benefited greatly from a flight to security, which took it to a peak of three and a half years in March as the coronavirus pandemic spread …
Read More »Gold prices hit record amid concerns over coronavirus, tensions between the United States and China
Ktsdesign | Science Photo Library Gold hit record prices as concerns over issues such as the coronavirus pandemic and tensions between the United States and China weighed on investor sentiment. On Asian trading hours morning on Monday, spot gold traded at around $ 1,931.11 per ounce after a previous trade …
Read More »Treasury gives in to progress of coronavirus vaccine, economic data
US government debt prices were slightly higher on Thursday morning due to concern over rising coronavirus cases in the United States and tensions between the US and China dampened optimism stemming from of progress towards a vaccine. At around 2 am ET, the benchmark 10-year Treasury yield was 0.6250% lower …
Read More »Treasury pulls out when Fed Fed warns of prolonged uncertainty
US government debt prices rose Tuesday morning after Federal Reserve Chairman Jerome Powell emphasized the lingering uncertainty facing the US economy, as cases of Coronaviruses soar in numerous states. Around 2:05 am ET, the yield on the benchmark 10-year Treasury bond was 0.6283% lower and the yield on the 30-year …
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