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Top related persons:
Edward Moya - 2 Christopher Waller - 2 Otunuga - 2 Gold - 1 Harshit Verma - 1 Shinjini Ganguli - 1 Paul Simao - 1 Brendan McDermid - 1
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China Bengaluru New York City U.S United States Beijing Minneapolis Warren Buffett's Berkshire
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Fed - 3 U.S - 2 Federal Reserve - 2 Thomson - 2 Waller - 1 Data - 1 CNBC - 1 New York Stock Exchange - 1

Search resuls for: "Otunuga"


4 mentions found


☆ Gold retreats as growth risks drive safe-haven bids to U.S. dollar
  + stars: | 2023-09-05 | by ( ) www.cnbc.com   time to read: +2 min
Gold slipped to a one-week low on Tuesday on rising bond yields and as investors opted for the U.S. dollar to hedge against global growth concerns. Spot gold declined 0.6% to $1,926.49 per ounce. Jitters about global growth, particularly in China and the Euro zone, caused rival safe-haven dollar to hit multi-month highs against a basket of currencies, making gold more expensive for overseas buyers. "The global growth slowdown story will eventually prove to be a positive for gold and that would only come once the market becomes more skeptical about the US recession risks." Silver shed 1.1% to $23.70 per ounce, logging its biggest daily drop in a month.
Persons: Gold, Edward Moya, Christopher Waller, Otunuga Organizations: U.S, Federal Reserve, Fed Locations: China
☆ Gold retreats as growth risks drive safe-haven bids to US dollar
  + stars: | 2023-09-05 | by ( Harshit Verma | ) www.reuters.com   time to read: +2 min
Spot gold was down 0.6% to $1,927.69 per ounce by 12:49 p.m. EDT (1649 GMT). Jitters about global growth, particularly in China and the euro zone, caused the safe-haven dollar to hit multi-month highs against a basket of currencies, making gold more expensive for overseas buyers. "The global growth slowdown story will eventually prove to be a positive for gold and that would only come once the market becomes more skeptical about the US recession risks." Silver shed 1.5% to $23.60 per ounce, logging its biggest daily drop in a month. Reporting by Harshit Verma in Bengaluru; Editing by Shinjini Ganguli and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Edward Moya, Christopher Waller, Harshit Verma, Shinjini Ganguli, Paul Simao Organizations: Waller, Data, U.S, Reuters, Federal Reserve, Fed, CNBC, Thomson Locations: China, Bengaluru
☆ Futures drop as yields rise ahead of July retail sales data
  + stars: | 2023-08-15 | by ( Amruta Khandekar Shristi Achar A | Amruta Khandekar | Shristi Achar A | ) www.reuters.com   time to read: +3 min
REUTERS/Brendan McDermid/File PhotoSummaryCompanies Retail sales data due at 8:30 a.m. ETNvidia gains as UBS, Wells Fargo raise PTFutures down: Dow 0.67%, S&P 0.65%, Nasdaq 0.68%Aug 15 (Reuters) - U.S. stock index futures fell on Tuesday as government bond yields hit fresh highs ahead of July retail sales data that could offer clues on the Federal Reserve's interest rate path. ET (1230 GMT) is expected to show retail sales rose 0.4% last month after climbing 0.2% in June, likely adding to evidence that the U.S. economy remains on a strong footing. Rising Treasury yields have pressured equities after hotter-than-expected producer prices data last week stoked concerns the Fed could keep rates higher for longer than previously anticipated. ET, Dow e-minis were down 238 points, or 0.67%, S&P 500 e-minis were down 29.5 points, or 0.65%, and Nasdaq 100 e-minis were down 104.25 points, or 0.68%.
Persons: Brendan McDermid, Wells, Otunuga, Morgan Stanley, Wells Fargo, Bilibili, Neel Kashkari, Berkshire Hathaway, Warren Buffett's, Horton, Amruta Khandekar, Maju Samuel, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, UBS, Wells Fargo, PT, Dow, Nasdaq, Commerce, Treasury, Nvidia, Apple, Alibaba, Minneapolis Federal Reserve Bank, Traders, Fed, Dow e, General Motors, Berkshire, Warren, Thomson Locations: New York City, U.S, United States, China, Beijing, Minneapolis, Warren Buffett's Berkshire, homebuilder D.R
☆ Gold falls for the week on stronger dollar
  + stars: | 2023-05-12 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices fell to a one-week low on Friday, and was lower for the week, weighed down by a stronger dollar and an uptick in U.S. bond yields. Spot gold was last 0.24% lower at $2,010.84 per ounce, after falling as much as 0.7% earlier in the session. U.S. gold futures fell 0.2% to $2,016.40. Spot silver fell 1.02% to $23.9257 per ounce, down about 7% for its worst week in seven months. Fawad Razaqzada, market analyst at City Index, attributed the drop to the dollar rebound and concerns over China's economic recovery.
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