Gold prices were flat on Tuesday, as a firmer dollar and U.S. Treasury yields weighed on its appeal and confined the metal to a tight $4 range. FUNDAMENTALS. * Spot gold was little changed at $1,778.79 per ounce by 0130 GMT. * The dollar index steadied, hanging on to an overnight jump made with U.S. yields as investors hoped early signs the Omicron variant may be mild will be proved correct.
The Canadian dollar strengthened
against its U.S. counterpart on Monday as investor sentiment
picked up and attention turned to a Bank of Canada interest rate
decision this week, with the currency ...
U.S. Treasury yields rose on Monday, with the benchmark 10-year climbing back above the 1.4% mark after hitting its lowest level since late September on Friday in the wake of the November jobs report. The yield on 10-year Treasury notes was up 9.2 basis points to 1.433% after falling as low as 1.335% on Friday, its lowest since Sept. 23.
U.S. Treasury yields rose on Monday, with the benchmark 10-year briefly climbing back above 1.4% after hitting its lowest level since late September on Friday in the wake of the November jobs report. The yield on 10-year Treasury notes was up 4.8 basis points to 1.389% after rising as much as 1.404% on the day, after falling as low as 1.335% on Friday, its lowest since Sept. 23.
Equities remain the asset class to own and the selling of emerging markets assets is overdone, Amundi group CIO Pascal Blanque told the Reuters Investment Summit on Monday. "On the equity side, equities are for me the asset class with some limits," Blanque said. Amundi is Europe's largest asset manager by assets under management.
Equities remain the asset class to own and the selling of emerging markets assets is overdone, Amundi group CIO Pascal Blanque told the Reuters Investment Summit on Monday. "On the equity side, equities are for me the asset class with some limits," Blanque said. Amundi is Europe's largest asset manager by assets under management.
The Canadian dollar strengthened
against its U.S. counterpart on Monday as oil prices rose and
attention turned to a Bank of Canada interest rate decision this
week, with the currency recovering from ...
The newly-discovered Omicron variant shows policymakers and financial markets cannot lower their guard on COVID-19 and will have to calibrate their policies carefully, the Bank for International Settlements said on Monday.
The newly-discovered Omicron variant shows policymakers and financial markets cannot lower their guard on COVID-19 and will have to calibrate their policies carefully, the Bank for International Settlements said on Monday.
The dollar rose on Monday against safe-haven currencies such as the yen and Swiss franc after some reassuring news on the Omicron COVID variant, while units like the Australian dollar that have been battered by growth worries also caught a bid.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required