DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Janet Yellen - 2 Wang Tao - 2 Tim Waterer - 1 Jerome Powell - 1 Jun Rong - 1 Matt Simpson - 1 Sabrin Chowdhury - 1 Joe Biden's - 1
Top related locs:
U.S Budapest Hungary Moscow Russia . China's
Top related orgs:
NAB Commodities Research - 4 U.S . - 3 Treasury - 3 Federal Reserve - 2 U.S - 2 Fed - 2 Heraeus SA - 1 Solar - 1

Search resuls for: "NAB Commodities Research"


5 mentions found


☆ Gold prices dip as Fed ratchets up tightening bias
  + stars: | 2023-09-21 | by ( ) www.cnbc.com   time to read: +2 min
A worker handles an Argor-Heraeus SA one kilogram gold bar at Solar Capital Gold Zrt. Bullion on Wednesday hit its highest since Sept. 1 before the U.S. Fed revised its economic projections with higher-for-longer rate warnings. "In the aftermath of the FOMC event, there have been some market jitters given the interest rate outlook. "The precious metal will probably need to rely on some slowing momentum in Treasury yields in order to post gains of any significance to the upside." Higher interest rates discourage the buying of non-interest-paying bullion, which is priced in dollars.
Persons: Tim Waterer Organizations: Heraeus SA, Solar, U.S ., Federal Reserve, U.S, Fed, KCM Trade, NAB Commodities Research, Bank of Locations: Budapest, Hungary
☆ Gold stalls as Fed caution keeps investors at bay
  + stars: | 2023-09-20 | by ( ) www.cnbc.com   time to read: +2 min
Bars of gold are seen at the Krastsvetmet company, one of the world's largest producers of precious metals in Moscow, Russia on January 31, 2023. Gold prices were subdued on Wednesday as investors remained cautious ahead of the Federal Reserve's policy decision, where the U.S. central bank is expected to stay put on interest rates, but prospects loom for further hikes later this year. Spot gold was down 0.1% at $1,929.86 per ounce by 0517 GMT, holding below its highest level since Sept. 5 reached on Tuesday. The Fed's rate-setting policy committee will release a new policy statement and interest rate decision at 1800 GMT, with Fed Chair Jerome Powell scheduled to hold a press conference at 1830 GMT. A more hawkish Fed on the back of stronger-than-expected August U.S. CPI and PPI data released last week should see downside risk to gold prices, NAB Commodities Research said in a note.
Persons: Jerome Powell, Jun Rong, Janet Yellen, Wang Tao Organizations: Treasury, Fed, IG, CPI, PPI, NAB Commodities Research Locations: Moscow, Russia, ., U.S
☆ Gold at 5-month low as rallying U.S. yields bolster dollar
  + stars: | 2023-08-17 | by ( ) www.cnbc.com   time to read: +2 min
Spot gold held its ground at $1,893 an ounce, as of 0335 GMT, having dropped to its weakest level since March 15 at $1,888.30. Benchmark 10-year U.S. Treasury yields hit a 10-month high, boosting the dollar to its highest level since mid-June and drawing investors away from non-interest-bearing gold. "Whilst the FOMC minutes saw the U.S. dollar and yields strengthen further to weigh on gold, there are tentative signs of stability for spot gold prices today," said Matt Simpson, a senior analyst at City Index. Reuters technical analyst Wang Tao says spot gold may fall to $1,879 per ounce, as it has broken two key supports. Upside to gold prices will likely need delivery of rate cuts expected in 2024, they added.
Persons: Matt Simpson, Wang Tao Organizations: Aurum, U.S ., Treasury, Federal Reserve, Reuters, NAB Commodities Research, Palladium
☆ Gold under pressure from elevated U.S. dollar, bond yields
  + stars: | 2023-08-15 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices eased on Tuesday as the dollar benefited from elevated bond yields and China's economic concerns, with markets now looking ahead to U.S. retail sales data that could shed light on the impact of higher rates on consumer spending. Gold prices fell as the U.S. dollar and Treasury yields were pushed higher, with investors assessing potential policy actions from Chinese regulators to address mounting financial and property risk, according to NAB Commodities Research. U.S. 10-year Treasury yields were near their highest levels since November. Attention is now turning to U.S. retail sales data due later in the day and the Federal Reserve's July policy meeting minutes on Wednesday. Sabrin Chowdhury, head of commodities at BMI, expects a boost in gold prices, lately under pressure from a strong U.S. dollar, only towards the last quarter of 2023.
Persons: Sabrin Chowdhury, Janet Yellen, Joe Biden's Organizations: U.S ., Treasury, NAB Commodities Research, U.S, BMI Locations: China's, U.S
☆ Oil rises for 4th day as supply disruptions, China demand supports
  + stars: | 2023-02-09 | by ( ) www.cnbc.com   time to read: +1 min
Freight wagons carrying oil and fuel at a petroleum products terminal in Riga, Latvia, on Feb. 2, 2023. Oil edged up in early trade on Thursday, extending gains for a fourth consecutive day, as crude loading disruptions in Turkey and optimism over China's recovering demand continued to buoy sentiment. Brent crude futures rose 14 cents, or 0.2% to $85.26 a barrel by 0239 GMT, while U.S. West Texas Intermediate (WTI) crude futures firmed 11 cents, or 0.2% higher, to $78.58 a barrel. The disaster had halted operations at Ceyhan and disrupted crude oil flows from Iraq and Azerbaijan. However, increasing crude inventories in the United States put pressure on oil gains.
0 next >>
Total: 5