U.S. Treasury yields fell on
Monday in choppy trading, weighed down by market uncertainty
about when the Federal Reserve would tighten monetary policy in
the face of persistently high inflation.
Growth in Texas factory output slowed in October compared with the previous month amid severe supply-chain bottlenecks, according to data from the Federal Reserve Bank of Dallas released Monday. The production index of the Texas Manufacturing Outlook Survey, a key measure of state manufacturing conditions, decreased to 18.3 in October from 24.2 in September. The reading signals solid output growth, the Dallas Fed said.
* Investors await BoJ, ECB policy meetings due this week. * Palladium, platinum rise more than 1% each. By Amy Caren Daniel. Gold prices rose about 1% on Monday, as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings this week. Spot gold was up 0.9% at $1,807.66 per ounce by 11:39 a.m. ET.
The U.S. economy grew in September at a slower pace than in the previous few months, according to data from the Federal Reserve Bank of Chicago released Monday. The Chicago Fed National Activity Index fell to minus 0.13 in September from 0.05 in August, below the 0.35 consensus forecast from economists polled by FactSet. The CFNAI index is composed of 85 economic indicators drawn from four broad categories of data: production and income; employment, unemployment and hours; personal...
* Gold profits from higher inflation expectations - Commerzbank. * Investors await BoJ, ECB policy meetings due this week. By Arundhati Sarkar. Gold prices reclaimed the $1,800 mark on Monday, supported by persisting worries over inflation, as investors looked ahead to the next Federal Reserve meeting for its outlook on monetary policy. Spot gold rose 0.5% to $1,801.22 per ounce by 1203 GMT.
Euro zone bond yields dipped on Monday, helped by a Friday fall in U.S. Treasury yields following comments from U.S. Federal Reserve chairman Jerome Powell, while Italian bonds outperformed following an unexpected credit rating outlook upgrade.
The dollar slipped on Monday,
as traders weighed the prospect of inflation hastening the pace
of rate hikes outside the United States, with a wary eye on
commodity prices, U.S. growth data and ...
Gold prices held steady on Monday after cutting gains in the prior session on U.S. Federal Reserve chief Jerome Powell's comment that inflation could ease next year and the central bank was on track to start tapering its stimulus. FUNDAMENTALS. * Spot gold was little changed at $1,792.95 per ounce by 0148 GMT.
The Turkish lira weakened 1.6% to a record low against the dollar in early Asian trade after President Tayyip Erdogan said he had ordered the expulsion of the ambassadors of the United States and nine other Western countries.
The Turkish lira weakened 1.6% to a record low against the dollar in early Asian trade after President Tayyip Erdogan said he had ordered the expulsion of the ambassadors of the United States and nine other Western countries.
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