Gold prices were flat on Thursday, as the U.S. dollar and Treasury yields firmed ahead of key inflation data that could provide clues on the Federal Reserve's next policy move. FUNDAMENTALS. * Spot gold was flat at $1,782.65 per ounce, as of 0236 GMT. * Benchmark 10-year Treasury yields were hovering close to their highest level since Nov. 29 scaled on Wednesday.
Stocks rose in choppy trade on Thursday as worries about the economic impact of the Omicron coronavirus variant ebbed but increasing caution ahead of U.S. inflation data capped other risk assets such as oil and the Australian dollar. Bonds were nursing losses since a brighter virus outlook leaves a clearer path to higher rates.
Stocks rose in choppy trade on Thursday as worries about the economic impact of the Omicron coronavirus variant ebbed but increasing caution ahead of U.S. inflation data capped other risk assets such as oil and the Australian dollar. Bonds were nursing losses since a brighter virus outlook leaves a clearer path to higher rates.
Stocks rose in choppy trade on Thursday as worries about the economic impact of the Omicron coronavirus variant ebbed but increasing caution ahead of U.S. inflation data capped other risk assets such as oil and the Australian dollar. Bonds were nursing losses since a brighter virus outlook leaves a clearer path to higher rates.
If the consensus view of a strong dollar and higher U.S. bond yields in 2022 proves accurate, emerging markets are in for a rough ride, particularly in the first half of next year. Just how bumpy will largely depend on the extent to which the Fed ending its bond buying and starting its rate-hiking cycle ultimately tightens U.S. financial conditions via a higher dollar and Treasury yields.
* S&P ends shy of new record close. * Treasury yields close above 1.5% * Oil edged higher, gold little changed. * Dollar edges up as Aussie shoots ahead. By Herbert Lash. Global stock markets and Treasury yields edged higher on Wednesday as investors became less concerned about the Omicron coronavirus variant but sentiment cooled after the prior day's big rally in equities and crude oil prices.
The Canadian dollar edged lower
against the greenback on Wednesday as the Bank of Canada
disappointed some investors that had expected a shift to a more
hawkish stance, with the currency pulling back ...
The benchmark U.S. 10-year Treasury yield rose modestly on Wednesday, as investors weighed encouraging vaccine news on the new Omicron variant against the rapid spread of cases. Drugmakers Pfizer and BioNtech said a three-shot course of their COVID-19 vaccine was shown to generate a neutralizing effect against the variant in a laboratory test.
By Jamie McGeever. If the consensus view of a strong dollar and higher U.S. bond yields in 2022 proves accurate, emerging markets are in for a rough ride, particularly in the first half of next year.
* Policy tightening bets to cap gold advance -analyst. * U.S. Treasury yields rise, dollar dips. * FOMC to meet on Dec. 14-15. By Bharat Gautam. Gold prices were little changed on Wednesday, with a subdued dollar offsetting firmer U.S. Treasury yields, as investors squared positions in the run-up to U.S. consumer prices data this week.
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