(Bloomberg) — Gold advanced after US economic data supported the case for the Federal Reserve to continue cutting interest rates this year. Most Read from Bloomberg The latest data showed producer prices in the US unexpectedly declined by the most in five years. Separate data showed retail sales barely rose. Treasury yields fell, and swaps
The emerging theme from this week’s tariff-sparked whiplash on Wall Street is whether the volatility in US bonds and the dollar signals waning appetite for US assets and their roles as safe-haven assets. The US Dollar Index (DX-Y.NYB), a key measure of the dollar’s strength against a basket of major currencies, fell below the 100
(Bloomberg) — Gold rose to a new all-time high as policymakers projected slower growth and higher inflation after holding interest rates steady for a second-straight meeting on Wednesday. Most Read from Bloomberg Chair Jerome Powell acknowledged Wednesday during a press conference that the high degree of uncertainty from President Donald Trump’s significant policy changes, though