Gold prices fell slightly in Asian trade on Friday, but were sitting on strong gains from the prior session as softer-than-expected U.S. inflation data ramped up bets on a September interest rate cut. The yellow metal blew past the closely-watched $2,400 an ounce level on Thursday and was less than $50 away from a record…
The yen rose slightly on Wednesday, moving away from the closely watched 150 per dollar mark, after a short-lived surge in the previous session stoked speculation that Japanese authorities could have intervened to support the currency. The Japanese currency was up around 0.12% at 148.93 per dollar in early European trading, after unexpectedly surging nearly…
The Hang Seng Index opened 1.1% higher at 17,189.34 in Hong Kong. Tencent Holdings Ltd. contributed the most to the index gain, increasing 1.8%. Haier Smart Home Co. had the largest increase, rising 5.7%. In early trading, 71 of 82 shares rose, while 11 fell; all sectors were higher, led by commerce and industry stocks….
Gold held steady even as Treasury yields posted sharp declines, amid recent dovish commentary from Federal Reserve officials that indicated further interest rate rises this year are unlikely. Yields on US government bonds notched some of their biggest one-day losses all year on Tuesday as swap markets scaled back bets the central bank will hike rates again in 2023. While tighter monetary…
Oct 16 2024, 06:57 Oil climbed after slumping by more than 4% on Tuesday — as Israel said it would make its own decision on how to attack Iran, keeping open the possibility that energy infrastructure may be targeted. West Texas Intermediate rose above $71 a barrel, after sinking in the prior session after a report…
Gold prices held steady on Monday as growing expectations of a Federal Reserve rate cut next month helped offset pressure from a firm U.S. dollar. Spot gold was steady at $4,065.31 per ounce, as of 0851 GMT. U.S. gold futures for December delivery fell 0.4% to $4,062.40 per ounce. The dollar held near the six-month…
