Sliding Treasury yields increase the allure of bullion, which doesn’t earn interest, while a weaker dollar makes gold more appealing to investors holding other currencies.
Gold has been under pressure this year because of increasing optimism over the post-pandemic economic recovery in the U.S., which buoyed bond yields and the dollar.
Gold is in a “bottoming-out phase” with support at a low of $1,680 an ounce and an upper bound of $1,760, he said.
Futures for June delivery on the Comex added 0.8% to settle at $1,743.
pandemic-relief bill signed last month won’t stoke inflation, and suggested that low interest rates will continue to prevail in coming years.
The Atlanta Braves snapped their season-starting four-game losing streak by edging the Washington Nationals 7-6 in a doubleheader opener Wednesday with the help of three hits from Ronald Acuña Jr.
New York time.The Stoxx Europe 600 Index fell 0.2%.The MSCI Asia Pacific Index decreased 0.3%.CurrenciesThe Bloomberg Dollar Spot Index increased 0.2%.The euro fell 0.1% to $1.1869.The Japanese yen was little changed at 109.79 per dollar.BondsThe yield on two-year Treasuries fell one basis point to 0.15%.The yield on 10-year Treasuries declined less than one basis point to 1.65%.The yield on 30-year Treasuries climbed one basis point to 2.34%.CommoditiesWest Texas Intermediate crude rose 0.3% to $59.53 a barrel.Gold weakened 0.2% to $1,739.40 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
“It would likely be some time until substantial further progress toward” the Fed’s goals of maximum employment and inflation at 2% are reached, and “asset purchases would continue at least at the current pace until then,” the Fed said in minutes taken during its March 16-17 meeting.
The disruptive technology owned and sold by the ILUS group of companies is already present in 63 countries and it will continue to be a priority for the Marketing Team to create and grow the demand for ILUS’ products whilst supporting the regional distributors with their marketing needs.” As ILUS strengthens its Marketing Team, its International Sales Team continues to be hard at work growing the Sales Pipeline, conducting demonstrations and expanding its International Distribution Network.
But she said she also think that wait will be cut to between two and 2.5 months as more doses are shipped.Pfizer was tested as a two-dose vaccine given three weeks apart, and Moderna and AstraZeneca two doses, given four weeks apart.On March 3 NACI issued a “rapid response statement” urging provinces and territories to expand that to up to four months to get more Canadians covered with one dose faster.Deeks said the panel looked at clinical trials, “real-world evidence” of the vaccines in the general population, lab data and modelling that showed a single dose could significantly reduce deaths and hospitalizations from COVID-19.
The IMF chief said the Fund was undergoing a periodic review of its charges, providing an opportunity to discuss a request by Argentine Finance Minister Martin Guzman for lower rates, with any changes to be based on a consensus among members.
now advising those under the age of 30 to be offered an alternative shot if available.“Oil demand is expected to recover further from the second part of 2021, but these expectations are based on the assumption that enough people will be vaccinated by then to justify the return to normality,” said Louise Dickson, an oil markets analyst at Rystad Energy AS.
The list has since grown to include Vancouver forwards Travis Boyd, Jalen Chatfield, Jayce Hawryluk, Nils Hoglander, Bo Horvat, Zack MacEwen, Marc Michaelis, Tyler Motte, Antoine Roussel,Brandon Sutter and Jake Virtanen, defencemen Alex Edler, Quinn Hughes and Tyler Myers, and goalies Thatcher Demko and Braden Holtby.
“There is a lot of concern around the world about the health crisis worsening as a result of volatility generated by the new variants,” Juan Benavides told Reuters in a telephone interview, in his first comments on the potential impact of the second wave.
Over the course of a few weeks throughout February and March, students at Belmont Secondary School in Langford, B.C., worked with Elders and role models in Sooke School District to create handmade drums. The Legacy Drum Project has been a vision for the school for the past four years and was finally able to come to fruition this year, says Indigenous literacy teacher Natasha Parrish.
On March 30, 2020, toward the beginning of the global COVID-19 pandemic, New Haven citizens stormed the city’s Zoom budget meeting to vent their outrage at Yale University’s continued strain on city finances.
ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, and welcome to the Lamb Weston Third Quarter 2021 Earnings Call.