Gold held a decline, after markets pared wagers on steep US interest-rate cuts ahead of a speech by Federal Reserve Chair Jerome Powell that may provide fresh clues on the central bank’s monetary-policy path. Focus is now on Powell’s address later Friday at the annual Jackson Hole symposium in Wyoming. Lower rates are generally positive for non-interest bearing…
Gold held near a record as traders looked ahead to Federal Reserve Chair Jerome Powell’s speech Friday, which will come after a downward revision of US payrolls bolstered expectations the central bank will cut interest rates in September. Bullion has been trading in a relatively narrow range this week near Tuesday’s all-time high and remained above $2,500 an ounce…
Japanese stocks advance as expectations of US rate cuts supported shares ranging from technology companies to trading firms. Topix Index rose 0.2% to 2,671.40 as of market close Tokyo time. Nikkei 225 advanced 0.7% to 38,211.01. Shin-Etsu Chemical contributed the most to the Topix’s gain, increasing 2.8%. Out of 2,132 stocks in the benchmark index, 1,295…
The Hang Seng climbed 250 points or 1.4% to end at a 1-month top of 17,641 on Thursday, advancing for the second day as most sectors gained. The tech index soared 1.5%, amid a 9.3% surge in Xiaomi Corp. after the company logged strong revenue in Q2. Financials and consumers also gained robustly, as hopes…
Gold prices were trading below record high levels on Wednesday after a rally fuelled by Western fund inflows and U.S. rate-cut optimism, as investors braced for minutes of the Federal Reserve’s latest meeting for clarity on the depth of cuts. Spot gold was up 0.1% at $2,517.08 per ounce, as of 0427 GMT, after hitting…
The Hang Seng Index opened 1.2% lower, dropping 201.57 to 17,309.51, as stocks lose for the second straight day in Hong Kong. JD.com Inc. contributed the most to the index decline and had the largest move, decreasing 11.8%. In early trading, 73 of 82 shares fell, while 8 rose; all sectors were lower, led by…
