Latest Updates Around The World
President Donald Trump expressed confidence in his nominee for the next Federal Reserve chairman, Kevin Warsh, while noting that it would be inappropriate to question him directly about possible rate cuts. Trump indicated he believes Warsh is inclined to lower borrowing costs in line with the administration’s economic priorities, Reuters said in a report.The president […]
Gold edged higher on Tuesday even as investors retreated somewhat on US interest rate cuts. This reflected caution that the Federal Reserve could take a more aggressive tone on next year’s monetary easing at its upcoming policy meeting. RAW MATERIALS * Spot gold rose 0.1% to $4,194.83 an ounce as of 0146 GMT.* U.S. gold […]
Oil prices held steady on Tuesday after falling 2% in the previous session as market participants kept a close eye on peace talks to end Russia’s war in Ukraine and a looming decision on US interest rates. Brent crude futures fell 2 cents, or 0.03%, to $62.47 a barrel at 0101 GMT. U.S. West Texas […]
Gold and silver prices rose marginally in early trading on Wednesday, November 19, breaking their two-day losing streak this week, even as fading hopes for a US interest rate cut continued to dampen sentiment for the precious metals. Attention now turns to the delayed US jobs figures due tomorrow. The lack of new data for […]
Gold and silver prices fell in early trading on Tuesday, November 18, amid waning expectations for a US interest rate cut as investors await the release of delayed US economic reports this week. The lack of US data over the past six weeks, coupled with hawkish comments from several Fed officials, has dampened hopes for […]
