Australia’s core inflation unexpectedly decelerated last quarter, supporting the Reserve Bank’s view that prices will gradually ease and prompting traders to boost bets on an interest-rate cut. The currency and bond yields dropped. The closely-watched trimmed mean core measure, which smooths out volatile items, climbed 3.9% in the second quarter from 4% three months earlier,…
Oil prices rose in Asian trade on Wednesday, recovering a measure of recent losses as Israeli strikes against the Hezbollah group, in retaliation for a weekend attack, saw traders price in a bigger risk premium into crude. Prices rose from nearly two-month lows as industry data also showed U.S. inventories marking a fifth straight week…
Gold price (XAU/USD) shot to a multi-day peak around the $2,412-2,413 resistance zone on Tuesday and drew support from various factors. The Israeli attack on the Lebanon capital as retaliation for a rocket strike in the Golan Heights on Saturday raised the risk of a further escalation of geopolitical tensions in the Middle East. Furthermore,…
