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European stocks sapped by weak economic data, travel curbs
Published at 22/01/2021 at 17:21 -
UK stocks under pressure from weak data on the economy
Published at 22/01/2021 at 17:12 -
European stocks head lower ahead of business activity data
Published at 22/01/2021 at 08:16 -
British shares slip as energy, mining stocks weigh
Published at 22/01/2021 at 08:13 -
UK Stocks-Factors to watch on Jan. 22
Published at 22/01/2021 at 07:48 -
UK Stocks-Factors to watch on Jan. 22
Published at 22/01/2021 at 06:25 -
European stocks run out of steam after ECB; energy shares weigh
Published at 21/01/2021 at 17:22 -
Energy stocks drag down FTSE 100, IG Group slides
Published at 21/01/2021 at 17:05 -
London stocks rise on swift economic recovery, U.S. stimulus optimism
Published at 21/01/2021 at 08:19 -
European shares extend gains on U.S. stimulus hope
Published at 21/01/2021 at 08:19
Forex News
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FOREX-Dollar gains after three-day fall as risk rally takes a breather
Published at 22/01/2021 at 20:38 -
FOREX-Dollar edges up after 3-day losing streak as risk rally pauses
Published at 22/01/2021 at 16:17 -
FOREX-Dollar inches up after three-day losing streak; risk currencies fall
Published at 22/01/2021 at 12:44 -
FOREX-Dollar stabilises after three-day decline; PMIs in focus
Published at 22/01/2021 at 09:03 -
FOREX-Dollar nurses weekly loss as bounce fades
Published at 22/01/2021 at 06:09 -
FOREX-Dollar's bounce fades as risk appetite rises
Published at 22/01/2021 at 01:45 -
FOREX-Dollar slides for third day on U.S. data, stimulus expectations
Published at 21/01/2021 at 20:55 -
FOREX-Dollar retreats for third day on U.S. data, stimulus hopes
Published at 21/01/2021 at 19:16 -
Bitcoin slumps 10% as pullback from record high gathers pace
Published at 21/01/2021 at 18:59 -
FOREX-Dollar drops for third day on U.S. stimulus optimism
Published at 21/01/2021 at 16:08
Market News
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Oil falls on China's COVID-19 cases, high crude build
Published at 22/01/2021 at 22:44 -
PRECIOUS-Gold falls more than 1% on firm dollar but on course for weekly gain
Published at 22/01/2021 at 19:10 -
REFILE-UPDATE 6-Oil falls as China COVID-19 cases trigger clampdowns
Published at 22/01/2021 at 16:43 -
PRECIOUS-Gold slips as dollar firms but still set for first weekly gain in three
Published at 22/01/2021 at 13:12 -
PRECIOUS-Gold slips as yields gain, but set for best week in five
Published at 22/01/2021 at 08:35 -
Oil drops as new COVID cases in China trigger clampdowns
Published at 22/01/2021 at 02:04 -
PRECIOUS-Gold dips as yields rise, but eyes best week in five
Published at 22/01/2021 at 01:11 -
Oil steadies after unexpected build in U.S. crude stockpiles
Published at 21/01/2021 at 20:06 -
PRECIOUS-Gold slips on profit taking; stimulus bets limit losses
Published at 21/01/2021 at 19:11 -
PRECIOUS-Gold steadies near 2-week high on dollar retreat
Published at 21/01/2021 at 12:31
PRECIOUS-Gold rises as U.S. dollar, Treasury yields retreat
Published at
13/01/2021 at 08:19
* Gold's big picture still very constructive - analyst
* Fed officials see U.S. economy rebound on vaccinations
* Interactive graphic tracking global spread of coronavirus:
(Updates prices)
By Sumita Layek
Jan 13 (Reuters) - Gold edged higher on Wednesday as the U.S. dollar and Treasury yields pulled back, and the prospect of massive U.S. fiscal stimulus boosted the metal's appeal as an inflation hedge.
Spot gold rose 0.2% to $1,859.20 per ounce by 0753 GMT, while U.S. gold futures gained 0.8% to $1,858.
"The big picture is it's still a very constructive year for gold. With real yields remaining rather negative and the dollar continuing its path lower as the year unfolds, gold remains an attractive proposition," said IG Market analyst Kyle Rodda.
"But I wouldn't be surprised if we see dips or a short-term downtrend in gold as the market of the dollar balances out."
Benchmark 10-year Treasury yields fell from 10-month highs, dragging the dollar lower and making gold cheaper for other currency holders.
Also boosting gold was U.S. President-elect Joe Biden saying he would unveil on Thursday a plan to inject the virus-hit economy with "trillions" of dollars in relief measures.
Global coronavirus infections rose to more than 91 million, with several countries enforcing stricter restrictions to curb the spread, while vaccination rates remained underwhelming.
U.S. Federal Reserve officials expect a quick economic recovery if vaccinations gather pace, but that could leave markets guessing the outlook of the central bank's monetary policy.
"If the U.S. economy is ticking along nicely, the Fed will look to act. The reality is its balance sheets are bloated and any improvement in the outlook will at least reduce its seamless efforts," said Michael McCarthy, chief market strategist at CMC Markets, adding that bullion would face resistance at $1,890-$1,900 levels.
Loose central bank monetary policy adds pressure on government bond yields and benefits gold.
Among other precious metals, silver dipped 0.2% to $25.52 an ounce, platinum rose 0.3% to $1,079.34 and palladium climbed 0.2% to $2,395.79.
(Reporting by Sumita Layek in Bengaluru; Editing by Ramakrishnan M., Sherry Jacob-Phillips and Subhranshu Sahu)
((Sumita.Layek@thomsonreuters.com; Within U.S. +1 646 223 8780, Outside U.S. +91 8061822693; Reuters Messaging: Sumita.Layek.thomsonreuters.com@reuters.net))