XAU to rally in 2023, UBS says, and offers ‘attractive risk-reward’
Rising interest rates and a strong dollar have left gold in the dust this year. But UBS forecasts a rebound in prices for the precious...
Wells Fargo mortgage staff brace for layoffs as U.S. loan volumes collapse
Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees...
Bank of England set for biggest rate hike in 33 years, but economists expect dovish tilt
Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United...
Dow closes roughly 400 points higher, but snaps four-week win streak
Stocks rise, but finish week lower Stocks rose on Friday, but ultimately capped off the week with losses. The Dow Jones Industrial Average gained 401.97...
Fed officials Barkin and Collins see possibility for slower rate hikes ahead
Two Federal Reserve officials indicated Friday that they expect further interest rate increases but will be looking closely at whether those moves need to be...
Fed approves 0.75-point hike to take rates to highest since 2008 and hints at change in policy ahead
The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled a potential change in how it will approach monetary...
Real time updates of big Fed rate hike and Jerome Powell’s news conference
Fed statement language ‘somewhat’ surprising, BMO’s Lyngen says BMO capital markets head of U.S. rates strategy Ian Lyngen said he was surprised by some of...
Hong Kong, Shenzhen stocks fall more than 2%, BOJ holds rates steady
The Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Monday, April 25, 2022. Toru Hanai | Bloomberg | Getty Images Hong Kong stocks plunged...
Modi Plan To Unlock Gold Gets New Focus With Trade Gap Near Record
Prime Minister Narendra Modi and his government have been trying to convince gold-obsessed citizens — who collectively own the biggest private holding of bullion in...
Gold down 1% as dollar, yields rise on Fed rate-hike bets
Customers look at the display window of a store at the gold market in Dubai, one of the busiest jewellery markets in the Middle East....