Gold edges lower below $4,350 as Fed rate hike expectations grow

Gold edges lower below ,350 as Fed rate hike expectations grow

Gold price (XAU/USD) trades with mild losses around $4,325 during the early Asian session on Tuesday. The precious metal remains on the defensive near its lowest since March 24 amid uncertainty in the Middle East and rising bets of a US interest rate hike.  Bloomberg reported on Monday that Iran and Israel agreed to ease […]

Appreciation trend outweighs yield gap – Commerzbank

Appreciation trend outweighs yield gap – Commerzbank

Commerzbank’s Thu Lan Nguyen notes that despite the People’s Bank of China (PBoC) relaxing the cap on US Dollar (USD) deposit rates, the Chinese Yuan has already appreciated about 3% against the Dollar this year. With CNY gains outpacing interest differentials and foreign currency deposits still rising, Nguyen expects the Yuan’s appreciation trend versus the […]