Said Kerimov, the son of sanctioned Russian billionaire Suleiman Kerimov, resigned from the board of gold miner Polyus PJSC on Monday, the same day his family’s holding company reduced its stake in the business to less than 50%.
Currencies / Foreign Exchange Markets
Safe-Haven Currencies in Demand Amid U.S., Iran Tension
The yen and other safe-haven currencies were in demand on Monday, along with assets such as gold, as investors fretted that the killing of Iran’s most prominent military commander by the United States could trigger a broader Middle East conflict.
USD/INR Trades in Range, Further Trend Sideways – Gold Silver Reports
USD/INR Trades in Range
Intraday bias remains slightly bullish for the moment.
It made intraday high at 69.79 and low at 69.66 marks.
NZ Dollar Falls as Aussie Consumer Sentiment Weakens
The New Zealand dollar fell, dragged lower with the Australian dollar on signs consumer sentiment is weakening across the Tasman.
U.S. Dollar Will Remain Relatively Elevated in Coming Months, Says Nab’s Attrill
U.S. Dollar Will Remain Relatively Elevated in Coming Months, Says Nab’s Attrill
Fed says Minutes to be Released on Time as Offices Close
The U.S. Federal Reserve said minutes of its January policy meeting would be released on Wednesday as scheduled though its offices in Washington would be closed due to bad weather.
Draghi’s Long Farewell May Delay ECB Guidance move
Gold Silver Reports (GSR) – Some European Central Bank policymakers are reluctant to alter their guidance on interest rates as a move could tie the hands of the bank’s next president many months before an appointment is even made, four sources close to the matter said.
BREXIT PLANS IN 2019
The dollar held at a near three-week high as investors sought the relative safety of the U.S. currency.
Spot Gold $1,300 Resistance level for Gold is Looking Very Vulnerable
“The equities are looking a little heavy up at these levels and yesterday’s speech by Fed Chairman Powell felt like Fed might adopt a dovish stance on rates moving forward, which is lending a lot of support to gold,” Haberkorn added.
Gold Prices Gains as Dollar Weakens, U.S. Rate Hike Prospects Fade
Spot gold was up 0.1 percent at $1,244.40 per ounce as of 1:41 p.m. EST (1841 GMT). U.S. gold futures settled up $2.80, or 0.22 percent, at $1,250.