Gold slides on US jobs growth as Fed-led rally fizzles
U.S. nonfarm payrolls +253,000 in April Global gold demand fell in first quarter of 2023- WGC Palladium up more than 3% May 5 (Reuters) –...
Gold steadies after Fed-driven run to near-all-time peak
Gold still has prospects to rise further – analyst ECB’s interest rate decision due at 1215 GMT Lofty prices tarnish gold’s lustre in top Asian...
How a US debt crisis standoff could cause a recession – a bad one
WASHINGTON, May 3 – A fight between Republicans and Democrats over the debt limit ceiling could send the U.S. economy into a recession even if...
US may default on June 1 without debt ceiling hike; Biden, McCarthy to meet
WASHINGTON, May 1 (Reuters) – U.S. President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the...
Gold advances on fresh banking jitters as Fed verdict looms
FOMC starts two-day meeting on interest rates Fed widely seen raising rates by 25 bps Markets see no chance of another hike in June May...
Bank of England projects 100 billion pound loss for QE programme
LONDON, April 28 (Reuters) – The Bank of England estimated on Friday that its quantitative easing programme would rack up a total financial loss of...
Gold holds losses as inflation data reinforces rate hike bets
Silver, platinum, palladium set for second monthly gain Dollar, yields on track for monthly fall April 28 (Reuters) – Gold eased on Friday after a...
Gold dips as rate hike bets hold despite weak data, dollar gains
U.S. economic growth slows, inflation remains sticky – data Markets expect 25 bps Fed rate hike next week Higher rates can worsen banking crisis –...
Gold pulls back after brief run to $2,000 on U.S. banking woes
First Republic shares plunge amid scepticism over rescue plan U.S. PCE price index data due this week Swiss gold exports to China rose in March...
Debt ceiling jitters lift US credit default swaps to highest since 2011
LONDON, April 20 (Reuters) – Market jitters over the U.S. debt ceiling lifted the cost of insuring exposure to its debt to the highest level...