Gold eases as dollar nears 1-week peak on better-than-expected economic data

Sep 03, 2020 07:58 am UTC| Commentary

Gold prices edged lower, extending previous session losses as the U.S. dollar surged, although worries over the global economic outlook due to rising Covid-19 cases limited downside. Spot gold was trading 0.4 percent...

German retail sales fall for second consecutive month in July

Sep 02, 2020 17:08 pm UTC| Commentary

German retail sales dropped for the second straight month in July, declining 0.9 percent sequentially in real terms. It had dropped 1.9 percent in the prior month. However, given the solid recovery in May, the level of...

U.S. factory orders grow slightly above expectations in July

Sep 02, 2020 16:35 pm UTC| Commentary

U.S. factory orders grew strongly in the month of July, rising 6.4 percent sequentially. Todays data was slightly above expectations of 6.1 percent. The bulk of the rebound was driven by durable goods orders. The outsized...

Canadian goods trade deficit likely narrowed in July on significant rise in motor vehicle exports

Sep 02, 2020 12:30 pm UTC| Commentary

Canadas international merchandise trade data for the month of July is set to release tomorrow. According to a TD Economics research report, the international goods trade deficit is likely to have narrowed to CAD 2 billion...

Australian economy contracts sharply in Q2 2020

Sep 02, 2020 11:18 am UTC| Commentary

The Australian economy contracted 7 percent quarter-on-quarter in the second quarter of 2020, the largest fall since quarterly records started in 1959. On a year-on-year basis, the economic growth shrank 6.3 percent. The...

Gold off 2-week high as dollar gains on solid U.S. manufacturing data

Sep 02, 2020 07:23 am UTC| Commentary

Gold prices declined after rising to a 2-week peak in the prior session as the dollar rebounded after robust U.S. manufacturing data boosted hopes around global economic recovery. Spot gold was trading 0.3 percent lower...

U.S. ISM manufacturing index rises above expectations in August

Sep 01, 2020 16:28 pm UTC| Commentary

The U.S. ISM manufacturing index rose to 56 in August, surpassing market expectations of 54.5. The index rose 1.8 percentage points from Julys print of 54.2. The surprise rise vis-à-vis July was seen throughout most...