Gold held near its latest record reached on Monday, with its rally stoked by a surge in bets for a wave of Federal Reserve rate cuts this year. Bullion was little changed in early Asian trading, trading at around $10 short of its latest peak of $3,646.46 an ounce. It climbed 2.5% in the previous…
Japanese stocks headed for a four-day advance as bets that the Federal Reserve will cut rates drove US shares close to all-time highs. Topix Index rose 0.5% to 3,152.35 as of 9:30 a.m. Tokyo time Nikkei 225 advanced 0.9% to 44,046.88 Buying increased in export-related sectors like electronics and machinery, as well as materials stocks. Domestic demand-related…
The United States will begin lowering tariffs on Japanese cars and auto parts on September 16. This information was announced by Japanese tariff negotiator Ryosei Akazawa in a post on the platform X on Tuesday. Akazawa stated that the decision was outlined in an official notice in the US Federal Register published on September 9….
Following a four-month streak of gains, the Hong Kong stock market has continued its upward momentum into September. The Hang Seng Index opened strongly, climbing by 430 points or 1.71% to reach 25,508 points. Meanwhile, the Hang Seng China Enterprises Index rose by 136 points, equivalent to a 1.52% increase, settling at 9,084 points. The…
Silver traded above $40 an ounce for the first time since 2011 as expectations grew for an interest-rate cut by the Federal Reserve this month, boosting investor appetite for precious metals. Spot silver rose as much as 1.4% to $40.2920 an ounce on Monday, taking gains for this year to more than 40% in a rally…
Gold hit a more than four-month high on Monday, as increased bets for a U.S. Federal Reserve interest rate cut this month lifted bullion’s allure, while silver rose above $40 per ounce for the first time in more than a decade. By 0238 GMT, spot gold rose 0.7% to $3,470.69 per ounce, hitting its highest…
