Sep 11 2024, 08:15 Gold prices are flat in early Asian trade as the market looks for more clarity on the scale of potential interest rate cuts from the Fed, Daria Efanova, head of research from Sucden Financial writes in an email. “Gold is going about its business, holding near all-time highs, and patiently waiting…
The S&P 500 dropped Friday, notching its worst week since March 2023, as investors assessed the fallout from a weak August jobs report and ditched leading technology stocks. The broad index slid 1.73% to settle at 5,408.42, while the Nasdaq Composite shed 2.55% to close at 16,690.83. The tech-heavy index ended the session more than…
Gold prices eased on Friday, retreating from near-record levels reached earlier in the session, after mixed U.S. jobs data cast doubts on the scale of interest-rate cut from the Federal Reserve later this month. Spot gold fell 0.8% to $2,495.86 per ounce by 1:59 p.m. ET (1759 GMT), having hit its highest since Aug. 20,…
Oil posted its biggest weekly drop in 11 months as a weak US jobs report added to concerns about tepid demand in the world’s largest consumer of crude. West Texas Intermediate fell 2.1% to settle at $67.67 a barrel, cementing the biggest weekly plunge since October 2023. While the US jobs data released Friday increased speculation that the Fed…
The dollar headed for a third daily drop and the yen rose to its highest in a month ahead of the US August payrolls report. Jobs data and a speech later Friday by Governor Christopher Waller on the economic outlook could help determine the magnitude of the Federal Reserve’s anticipated interest-rate cut later this month;…
The Nikkei 225 Index fell 0.3% to below 36,550 while the broader Topix Index dropped 0.5% to 2,607 on Friday, with Japanese shares sliding for the third straight session as a rallying yen continued to pressure domestic equities. The Nikkei and Topix indexes are also on track to decline about 5% and 4%, respectively, this…
