(Bloomberg) — Anglo American Platinum Ltd. declared an additional cash payout of 15.7 billion rand ($852 million) in preparation for an exit by parent Anglo American Plc, even as profit slumped last year. Most Read from Bloomberg Combined with a final dividend for 2024, payouts totaled 16.5 billion rand, Anglo said in a statement on
(Bloomberg) — Gold was little changed, hovering near a record high, as traders digest the latest inflation reading in the US and remarks from Federal Reserve Chair Jerome Powell. Most Read from Bloomberg US inflation picked up broadly at the start of the year, further undercutting chances of multiple Fed interest-rate cuts this year at
(Bloomberg) — Gold steadied — after blowing through a series of record highs in the previous session — with rising economic and geopolitical risks supporting haven demand. Most Read from Bloomberg Bullion traded near $2,860 an ounce — having added 0.9% on Wednesday — after President Donald Trump said the US could take over Gaza,
(Bloomberg) — Gold edged lower after President Donald Trump imposed tariffs on imports from Canada, Mexico and China, with a surging dollar outweighing haven demand as the world braces for trade wars. Most Read from Bloomberg Bullion traded near $2,790 an ounce, but remained close to a record high reached Friday, while a US currency
(Bloomberg) — Gold hit a new all-time high as the dollar pushed lower and traders sought safety amid concerns over President Donald Trump’s tariff measures. Most Read from Bloomberg Bullion surged as much as 1.4% to $2,798.59 an ounce, surpassing its previous all-time high set in October. A weaker dollar makes bullion more appealing for
(Bloomberg) — Corporate bonds are likely to outstrip Treasuries for a seventh straight year as the market steadies and elevated interest rates bolster returns, according to Vanguard Group Inc. Most Read from Bloomberg “Yields are attractive compared with those observed since the 2008 global financial crisis,” the asset manager’s fixed-income team, led by Sara Devereux,
(Bloomberg) — The UK’s borrowing costs are heading for their biggest three-day drop in more than a year, but traders see little relief ahead for the pound amid lingering concerns about the government’s finances. Most Read from Bloomberg The country’s 10-year yields have slid over 25 basis points since Wednesday, following a combination of weaker
(Bloomberg) — China has initiated stress tests with financial institutions on their bond investments, to make sure they can handle any market volatility should a record-breaking rally reverse, according to state-run media. Most Read from Bloomberg The People’s Bank of China has made a gradual start to the tests recently, wary that a bull run
(Bloomberg) — Stocks rallied across the board and bond yields tumbled, with Jerome Powell giving its clearest signal yet that the Federal Reserve will begin cutting interest rates in September. Most Read from Bloomberg While Wall Street had already priced in the start of policy easing next month, Powell’s comments that the “time has come”
(Bloomberg) — Bond yields fell as a big downward revision of US payrolls reinforced bets the Federal Reserve will cut rates in September. Most Read from Bloomberg Treasuries rose across the curve, with the move led by shorter maturities. Swap traders are pricing in about 100 basis points worth of easing in 2024. The implied