News 

Gold finds haven support from New Zealand terrorist attack, weaker dollar

“A weaker dollar can be supportive for commodities priced in the unit, making them cheaper to users of other currencies” writes Saefong William Watts for marketwatch.com. Among exchange-traded funds, SPDR Gold Shares GLD, +0.49%  added 0.7% to trade 0.3% higher on the week.This is particularly true for China, where gold demand has been lackluster over the past few years, as consumers have become increasingly concerned about the outlook for the economy,” Menke said.A weaker tone for the U.S. dollar is also seen as a boon for gold bulls.Gold futures climbed…

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News 

Gold finds footing on U.S.-China trade hopes, weaker dollar

“A weaker dollar can be supportive for commodities priced in the unit, making them cheaper to users of other currencies” writes Deputy Markets Editor for marketwatch.com. Gold futures moved higher early Friday, erasing a weekly loss, appearing to find support on renewed optimism over prospects for a U.S.-China trade deal and a weaker tone for the U.S. dollar.This is particularly true for China, where gold demand has been lackluster over the past few years, as consumers have become increasingly concerned about the outlook for the economy,” Menke said.A weaker tone…

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AUD Markets News 

Dollar a tad softer ahead of European markets open

“It’s a bit more of a quiet start to the day but commentary coming out of China in support of its economy is helping to boost risk sentiment in Asia and that is helping to give the aussie and kiwi a lift higher as well” reports forexlive.com. The dollar is sitting at the bottom of the major currencies bloc as it reverses overnight gains with the Chinese yuan also holding steady against the greenback in light of the same reasoning above for the aussie and kiwi. Meanwhile, the yen is…

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GBP News 

British pound steadies after UK parliament gives nod to Brexit delay

“Trump said whether a trade deal can be reached with China would probably be known in the next three or four weeks” writes Sukree Sukplang for cnbc.com. British lawmakers approved a motion setting out the option to ask the EU for a short delay if parliament can agree on a Brexit deal by March 20, or a longer delay if no deal can be agreed in time.Against the euro, the pound retreated to 85.25 pence from Wednesday’s 22-month peak at 84.725.The euro eased to $1.1307 from Wednesday’s one-week high of…

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Markets News Stocks 

Dollar General is adding fresh food and market share, but margins suffer

“Dollar General Corp. is adding more food to its assortment and snapping up market share, but profit-margin pressure demonstrates the impact the push is having” writes Tonya Garcia for marketwatch.com. Dollar General stock has gained 3.3% for the year to date, while the S&P 500 index SPX, -0.09%   has rallied 12.1% for the period.Dollar General DG, -7.49%   stock closed down 7.5% in Thursday trading after the discount retailer reported fourth-quarter earnings per share of $1.84, below the $1.89 FactSet consensus.And the company introduced two new initiatives: DG Fresh,…

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GBP News 

Gold ends above $1,300 to score highest settlement of the month

“Gold futures scored a second straight gain on Wednesday, with a climb above $1,300 an ounce sending prices to their highest settlement month to date” writes Markets Commodities Reporter for marketwatch.com. U.K. Prime Minister Theresa May’s Brexit plan faces a fresh vote late in the session after a revised deal was rejected on Tuesday.A weaker dollar tends support prices for dollar-denominated gold. Source: marketwatch.com

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GBP News 

Gold hits near two-week high on Brexit uncertainties and a weaker dollar

“The ongoing Brexit (uncertainties) has diminished risk appetite as investors are increasingly unnerved on the potential of a ‘hard Brexit’ deal,” said Benjamin Lu, analyst with Singapore-based Phillip Futures” writes unknown author for cnbc.com. Reflecting investors sentiment, holdings in the world’s largest gold-backed exchange-traded fund, SPDR Gold Trust, rose about 0.4 percent on Tuesday.U.S. gold futures rose 0.5 percent to $1,305 an ounce.Spot gold was up 0.3 percent at $1,305.21 per ounce, as of 0329 GMT, after touching its highest since March 1 at $1,305.69 earlier in the session.The dollar…

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News Regulators 

Hong Kong spends nearly $700M to boost currency

“The Hong Kong dollar recently traded at 7.8498 per U.S. dollar” writes Saumya Vaishampayan for marketwatch.com. The Hong Kong Monetary Authority intervened for the first time this year late last week, selling U.S. dollars to buy 1.51 billion Hong Kong dollars ($192 million) in London and New York trading hours on Friday.The authority moved to prevent the Hong Kong dollar from weakening beyond 7.85 to the U.S. dollar–the weakest level allowed under the financial hub’s currency peg. Source: marketwatch.com

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GBP News 

Gold prices rise as US dollar weakens after U.S. inflation data released

“Gold tends to be viewed as a hedge against inflation, with readings of muted inflation providing little ammunition for gold bugs” reports etfdailynews.com. A core reading of inflation, stripping out volatile food and energy prices, edged 0.1% higher, representing the smallest rise since August.The aftermath of the Brexit vote could set the tone for gold.Year-to-date, GLD has declined -0.84%, versus a 5.18% rise in the benchmark S&P 500 index during the same period. Source: etfdailynews.com

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