Dollar continues to fall after the Fed meeting minutes
The US dollar fell against most of its major counterparts on Thursday, after the Federal Reserve meeting minutes, despite the release of upbeat economic data.
The US Department of Labor revealed that the number of initial unemployment claims was at 293K last week from 329K, lower than forecasts of 315K.
The producer price index rose 0.5% in September, missing forecasts of 0.6%, while the core reading of the same index rose 0.2%, missing forecasts of 0.5%.
The Federal Reserve meeting minutes showed that the central bank's members discussed a plan to reduce asset purchases by $15 billion per month.
The Fed members expected the central bank to start cutting the pandemic bond-buying program starting Mid-November.
The dollar index rose against a basket of major currencies by 0.1% to 93.9 points as of 19:05 GMT, after hitting a high of 94.09 points and a low of 93.7 points.
Silver rises nearly 2% as dollar declines
Silver prices rose on Thursday, as the US dollar fell against most of its peers, despite the release of upbeat economic data.
The US Department of Labor revealed that the number of initial unemployment claims was at 293K last week from 329K, lower than forecasts of 315K.
The producer price index rose 0.5% in September, missing forecasts of 0.6%, while the core reading of the same index rose 0.2%, missing forecasts of 0.5%.
The dollar index rose against a basket of major currencies by 0.1% to 93.9 points as of 20:10 GMT, after hitting a high of 94.09 points and a low of 93.7 points.
Silver spot prices rose by 1.8% to $23.5 an ounce as of 20:11 GMT, after hitting a high at $23.6, and a low at $22.9..
Gold rises near $1,800 again
Gold prices rose on Thursday, as the US dollar fell against most of its peers, while the precious metal rose near the $1800 barrier once again.
The US Department of Labor revealed that the number of initial unemployment claims was at 293K last week from 329K, lower than forecasts of 315K.
The producer price index rose 0.5% in September, missing forecasts of 0.6%, while the core reading of the same index rose 0.2%, missing forecasts of 0.5%.
The Federal Reserve meeting minutes showed that the central bank's members discussed a plan to reduce asset purchases by $15 billion per month.
The dollar index rose against a basket of major currencies by 0.1% to 93.9 points as of 19:55 GMT, after hitting a high of 94.09 points and a low of 93.7 points.
Gold spot prices rose 0.2% to $1,798.2 an ounce as of 19:56 GMT .
US stocks extend gains, Dow Jones jumps over 500 points
US stock indices rose on Thursday, after the release of positive business results by major banks and strong economic data.
The US Department of Labor revealed that the number of initial unemployment claims was at 293K last week from 329K, lower than forecasts of 315K.
The producer price index rose 0.5% in September, missing forecasts of 0.6%, while the core reading of the same index rose 0.2%, missing forecasts of 0.5%.
The Federal Reserve meeting minutes showed that the central bank's members discussed a plan to reduce asset purchases by $15 billion per month.
The Fed members expected the central bank to start cutting the pandemic bond-buying program starting Mid-November.
To the oil market, WTI crude November futures rose 1.1% or 87 cents, and closed at $81.31 a barrel, the highest closing since October 2014.
Brent December futures rose 1% or 82 cents, and closed at $84 a barrel.
As for stocks, Dow Jones rose 1.5% to 34,912 points, with a day high of 34,923, and a low of 34,443.
S&P 500 rose 1.7% or 74 points to 4,438, after hitting a high of 4,439 and a low of 4,386 points.
Nasdaq rose 1.7% or 251 points to 14,823, with a high of 14,827 and a low of 14,699.