Prices of safe-haven gold were flat on Monday as some profit-taking partially offset support from U.S. recession jitters and rising expectations of a September rate cut from the Federal Reserve. Spot gold held its ground at $2,443.44 per ounce, as of 0335 GMT, after falling 1% earlier in the session. U.S. gold futures rose 0.7%…
U.S. stock futures rose in overnight trading Wednesday as investors weighed the latest corporate earnings reports, including strong results from Meta Platforms. S&P 500 futures gained 0.5%, while Nasdaq-100 futures jumped nearly 0.9%. Futures tied to the Dow Jones Industrial Average added 65 points, or 0.1%. In extended trading, Meta Platforms rallied 7% on stronger-than-expected…
European markets opened mixed on Thursday as investors process a raft of central bank action. The pan-European Stoxx 600 index was 0.05% lower in early deals, with sectors and major bourses across the region trading diverging. Media and chemicals stocks were both down 0.82% while mining stocks were up 0.5%. The Bank of England announces…
Gold steadied just below a record as the Federal Reserve signaled a shift toward an interest-rate cut in September, and elevated tensions in the Middle East supported haven demand. Bullion which rose more than 5% in July was little changed above $2,445 an ounce after surging on Wednesday. While the Fed left rates unchanged at a…
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…
