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European shares drop as high yields spark profit taking in tech, resources
Published at 26/02/2021 at 17:24 -
FTSE 100 marks weakest day in four months as bond rout deepens
Published at 26/02/2021 at 17:10 -
FTSE 100 falls as bond rout hits global equities
Published at 26/02/2021 at 08:18 -
European shares drop more than 1% as bond sell-off intensifies
Published at 26/02/2021 at 08:12 -
UK Stocks-Factors to watch on Feb 26
Published at 26/02/2021 at 07:54 -
European stock futures slide over 1% as surging bond yields roil equity markets
Published at 26/02/2021 at 06:13 -
UK Stocks-Factors to watch on Feb. 26
Published at 26/02/2021 at 05:48 -
FTSE 100 reverses course on high bond yields, Stanchart leads losses
Published at 25/02/2021 at 17:15 -
European shares dip as high yields, inflation concerns return to fore
Published at 25/02/2021 at 17:15 -
FTSE 100 climbs as recovery bets boost mining, energy stocks
Published at 25/02/2021 at 08:28
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FOREX-Dollar gains on higher yields, risky currencies weaken
Published at 26/02/2021 at 20:29 -
FOREX-Dollar gains on higher yields, safe haven bid, risky currencies weaken
Published at 26/02/2021 at 15:23 -
FOREX-Bond selloff boosts dollar, risk currencies knocked lower
Published at 26/02/2021 at 12:29 -
FOREX-Dollar strengthens as U.S. yields spike, pound falls to one-week low
Published at 26/02/2021 at 09:52 -
CORRECTED-FOREX-Dollar firms after U.S. yield spike; yen continues march lower
Published at 26/02/2021 at 08:53 -
CORRECTED-FOREX-Dollar firms after U.S. yield spike, hits six-month high versus yen
Published at 26/02/2021 at 08:52 -
FOREX-Dollar firms on sudden spike in U.S. Treasury yields
Published at 25/02/2021 at 21:09 -
FOREX-Dollar firms on sudden spike in U.S. Treasury yields
Published at 25/02/2021 at 19:47 -
FOREX-Dollar dips, Aussie jumps on global growth optimism
Published at 25/02/2021 at 15:31 -
FOREX-Currency markets turn "risk on"; Aussie crosses $0.8 for first time in 3 years
Published at 25/02/2021 at 12:45
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Oil drops on dollar strength and OPEC+ supply expectations
Published at 26/02/2021 at 23:05 -
PRECIOUS-Gold slumps as rising U.S. yields, dollar dull lustre
Published at 26/02/2021 at 18:56 -
PRECIOUS-Gold set for second monthly dip as high U.S. yields erode appeal
Published at 26/02/2021 at 13:41 -
PRECIOUS-Gold hits 8-month trough as U.S. Treasury yields rally
Published at 26/02/2021 at 07:40 -
Oil prices fall on rising U.S. dollar, expectations for supply gains
Published at 26/02/2021 at 02:45 -
PRECIOUS-Gold eyes second straight weekly fall as U.S. yields gain
Published at 26/02/2021 at 01:25 -
Oil mixed, U.S. crude hits highest since 2019 as refineries restart
Published at 25/02/2021 at 20:28 -
PRECIOUS-Gold slides more than 2% as U.S. Treasury yields rise
Published at 25/02/2021 at 18:55 -
PRECIOUS-Gold falls 1% as elevated U.S. yields hit safe haven appeal
Published at 25/02/2021 at 13:18 -
PRECIOUS-Gold slips as higher U.S. Treasury yields dim appeal
Published at 25/02/2021 at 08:12
PRECIOUS-Gold pares gains as the dollar edges higher
(Updates prices)
* U.S. Fed's policy meeting starts on Tuesday
* Interactive graphic tracking global spread of coronavirus:
By Shreyansi Singh
Jan 25 (Reuters) - Gold prices pared gains on Monday as the dollar edged higher, but expectations of fresh U.S. fiscal stimulus underpinned the bullion ahead of this week's Federal Reserve's meeting.
Spot gold was up 0.1% at $1,854.81 by 2:22 p.m. EST (1922 GMT), after rising as much as 0.8%.
U.S. gold futures settled 0.1% lower to $1,855.20 per ounce.
The dollar was up 0.2%, making bullion more expensive for holders of other currencies.
"We're starting to get early indications that the dollar index has hit a near-term bottom. If that's the case, a rising dollar would work against the precious market bulls," said Kitco Metals senior analyst Jim Wyckoff.
"The prospect of inflation down the road given all the stimulus and central bank easing that has made the world financial system awash in cash, that's supportive (for gold) on a longer term basis."
U.S. President Joe Biden's administration countered concerns about the $1.9 trillion pandemic relief proposal being too expensive and underlined the need to act swiftly.
"We're going to see the underpinnings of support in this market, whether that support comes from a dovish Fed or ongoing stimulus measures is the main focal point for this market over the next several months," said David Meger, director of metals trading at High Ridge Futures.
The Federal Reserve's two-day policy meeting starts on Tuesday. The U.S. central bank's policy is expected to remain firmly in rescue mode, with interest rates pinned near zero.
Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar.
Silver eased 0.2% to $25.34 an ounce, platinum
fell 0.2% to $1,096.40 and palladium was down 0.7% at $2,336.93.
(Reporting by Shreyansi Singh and Asha Sistla in Bengaluru; Editing by Richard Chang and Chizu Nomiyama)
((Shreyansi.Singh@thomsonreuters.com; +91 8061823666/3590 (If within U.S. call +1 646 223 8780); Reuters Messaging: Shreyansi.Singh@thomsonreuters.com))