Dollar maintains gains ahead of several central bank meetings
The US dollar rose against most of its rivals on Tuesday, amid anticipation of global central bank meetings.
Concerns are growing over to the increase in inflationary pressures in many economies, which may require interest rate hikes in the next few months.
The Fed has already hinted that it would reduce its bonds and the pace of asset purchases starting in November.
Facebook reported yesterday strong profits that beat expectations, while revenues and a number of monthly users were below expectations.
Tesla reported last week record revenues and profits in the third quarter, which buoyed its stock to record highs, and its market value rose above the $1 trillion mark for the first time ever.
The dollar index rose against a basket of major currencies by 0.1% to 93.9 points as of 18:23 GMT, after hitting a high of 94.02 points and a low of 93.7 points.
Gold falls below $1,800 on rising dollar
Gold prices fell on Tuesday, dropping below the $1800/ounce barrier, as the US dollar rose against most currencies.
Concerns are growing over to the increase in inflationary pressures in many economies, which may require interest rate hikes in the next few months.
The Fed has already hinted that it would reduce its bonds and the pace of asset purchases starting in November.
The White House announced that US President Joe Biden will be focused on supply chain problems and rising energy prices during the G-20 summit.
The dollar index rose against a basket of major currencies by 0.1% to 93.9 points as of 18:27 GMT, after hitting a high of 94.02 points and a low of 93.7 points.
Gold spot futures fell 0.7% to $1,794.3 an ounce as of 18:28 GMT.
US stocks rise in early trading, Dow Jones hits record high
The main US stock indices opened higher on Tuesday, extending the record rally, amid focus on the ongoing quarterly business reports season.
Facebook reported yesterday strong profits that beat expectations, while revenues and a number of monthly users were below expectations.
Tesla reported last week record revenues and profits in the third quarter, which buoyed its stock to record highs, and its market value rose above the $1 trillion mark for the first time ever.
As for stocks, Dow Jones rose 0.3% or 120 points to 35,861 as of 15:29 GMT, and S&P 500 rose 0.6% or 28 point to 4,594, while Nasdaq rose 0.9% or 140 points to 15,368.
Oil extends gains ahead of US inventories data
Oil prices rose on Tuesday, as the global demand for crude continued to recover, while supply is declining, ahead of the US inventories data.
Saudi Aramco CEO Amin Nasser stated that oil production capacity is decreasing rapidly around the world.
The White House announced that US President Joe Biden will be focused on supply chain problems and rising energy prices during the G-20 summit.
The American Petroleum Institute will release its preliminary data on US crude inventories, and the Energy Information Administration will release its official report on Wednesday.
The dollar index rose against a basket of major currencies by 0.2% to 94 points as of 16:45 GMT, after hitting a high of 94.02 points and a low of 93.7 points.
As of 16:44 GMT, WTI crude November futures rose 1.1% to $84.6 a barrel.
Brent December futures rose 0.4% to $86.3 a barrel.