“The time has come” to cut interest rates – Powell Dollar down 0.8% against its rivals Gold set for a weekly gain Aug 23 (Reuters) – Gold prices gained more than 1% on Friday as the dollar and Treasury yields retreated following comments from Federal Reserve Chair Jerome Powell that signalled an interest rate cut
Gold hit a record high of $2,531.60 on Tuesday Dollar falls to more than seven month low U.S. 10-year yields slip to more than 2-week low Palladium scales more than one-month peak Aug 21 (Reuters) – Gold prices regained lost ground on Wednesday to hover close to their all-time highs after minutes from the U.S.
SHANGHAI, Aug 26 (Reuters) – China’s central bank rolled over maturing medium-term loans and injected cash through its liquidity instruments on Monday, underlining market expectations for further easing as the economy struggles to gain traction. The People’s Bank of China (PBOC) said it was keeping the rate on 300 billion yuan ($42.11 billion) worth of
Gold is up 22% so far in 2024 Minutes of Fed’s July FOMC meeting due Wednesday Holdings of world’s largest gold ETF jump to 7-month high Aug 20 (Reuters) – Gold prices extended their record run on Tuesday, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that
Markets await US PCE data due on Friday Dollar up 0.6% against its rivals Gold ETFs saw modest net inflows last week- WGC Aug 28 (Reuters) – Gold prices dropped on Wednesday, hurt by a stronger U.S. dollar as investors focused on key inflation data from the world’s largest economy for clues on the size
Markets await PCE data due on Friday Dollar down 0.3% against its rivals Odds of 25 bp US rate cut in Sept at 63.5% -CME FedWatch Aug 27 (Reuters) – Gold prices rose on Tuesday driven by a weaker dollar, with investors awaiting inflation data that might provide insights on the scale of an expected
Days after being elected as Thailand’s youngest-ever prime minister, Paetongtarn Shinawatra threw cold water on a policy question that had been simmering for months. At a press conference soon after she got the position, Paetongtarn said that a $14 billion stimulus plan, a major campaign pledge from her predecessor, needed further review to see whether
Metso has signed a comprehensive frame agreement with Reko Diq Mining for key process equipment deliveries to the company’s greenfield copper-gold project in the province of Balochistan in Pakistan. Reko Diq is one of the largest undeveloped copper-gold deposits in the world. The gross value of the various Metso equipment packages under the framework agreement
China has emerged as the world’s top producer of generative AI patents, but it is struggling to turn many of its ideas into action thanks to US export controls and longstanding struggles with its innovation culture at home. In July, the UN’s intellectual property agency reported that China had filed more than 38,000 generative AI