Gold headed for a weekly gain in a market dominated by the Federal Reserve’s strongest indications yet that it will pivot to easing monetary policy next year. The precious metal surged 2.4% on Wednesday when officials at the US central bank said they expect to cut rates by 75 basis points next year, which would be…
China industrial production beat expectations last month, though its boost from favorable comparisons to a Covid-hit period in 2022 means that result is unlikely to quell concerns about growth next year. Industrial output rose 6.6% last month from a year earlier, the National Bureau of Statistics said Friday, versus a median estimate for a 5.7% increase. Retail…
The Dow Jones Industrial Average kept its rally going Thursday a day after closing above 37,000 for the first time ever as the 10-year Treasury tumbled below 4% and a surprise gain in retail sales gave investors further confidence 2024 would bring a soft economic landing. The Dow was up 165 points, or 0.4%. The…
