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Gold Prices Fall As Dollar, Bond Yields Climb

Gold prices fell on Wednesday, as the US dollar and Treasury yields jumped after upbeat economic data bolstered expectations that the Federal Reserve will continue hiking interest rates aggressively. ....

Edward Moya , Wang Tao , Federal Reserve , Gold Prices Fall As Dollar , Bond Yields Climb , Gold Prices , Us Dollar ,

Dollar mostly lower, loonie, pound outperform, Asian, EMFX fall


7.7%. US May Final Wholesale Inventories in June were up at 
1.3% from 
1.1% in May. Chinese June Vehicle Sales fell to -12.4% from -3.1%. Chinese New Yuan Loans rose to CNY 2.12 billion from CNY 1.50 billion, beating forecasts at 1.80 billion.
EUR/USD – traded in a choppy range, initially falling to an overnight low at 1.1784 before rebounding to its New York close at 1.1845. The overnight high traded was 1.1868.
USD/JPY – The US Dollar initially climbed to an overnight peak at 110.65 from its 110.55 opening on Friday before sliding to finish at 109.77. The overnight low traded was at 109.53.
AUD/USD – The Aussie slumped to its overnight and fresh December 2020 low at 0.7416 from its opening on Friday at 0.7481. The Aussie Battler then recovered to its New York close at 0.7428. Overnight high traded was 0.7484. ....

New York , United States , New South Wales , United Kingdom , Bond Yields Climb , Worries Grow , Year Treasury , Dollar Index , Canadian Loonie , Emerging Market , Thai Baht , Trade Deficit , United Kingdom May , Industrial Production , June Unemployment , Final Wholesale Inventories , Chinese June Vehicle Sales , Chinese New Yuan Loans , Aussie Battler , British Pound , New Zealand , June Retail Card Spending , June Core Machinery Orders , Japanese June , May Final Building Permits , Term Treasury Purchases ,