Gold held steady near its record high on Tuesday as investors awaited U.S. Federal Reserve minutes and Chair Jerome Powell’s speech for indications on how much the central bank will cut rates this year. Spot gold edged 0.2% higher to $2,500.08 per ounce by 0254 GMT, trading slightly below an all-time high of $2,509.65 hit…
The Hang Seng Index opened 0.1% higher, climbing 17.66 to 17,587.23, as stocks gain for the third straight day in Hong Kong. HSBC Holdings Plc contributed the most to the index gain, increasing 0.8%. Li Ning Co. had the largest increase, rising 3.1%. In early trading, 42 of 82 shares rose, while 33 fell; 2…
The dollar hung near a seven-month low on Tuesday on wagers the U.S. central bank will start cutting interest rates from next month, with traders preparing for comments from Federal Reserve Chair Jerome Powell on Friday. The weakness in the dollar lifted the euro to its highest this year, while sterling was perched near a…
