Fed Hiking Rates to 6.5% Is ‘Real Risk’ for UBS Strategists
The combination of strong US growth and sticky inflation is raising the odds the Federal Reserve hikes rather than cuts interest rates, bringing borrowing costs...
Gold (XAUUSD) Jumps After Iran Strike Against Israel Stokes Haven Demand
Gold traded below last week’s new high, even after Iran’s unprecedented attack on Israel over the weekend. Bullion rose as much as 1.2% as the...
Bank of Japan’s Interest Rate Moves and the Record Price of Gold
Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all...
Gold prices look ‘very vulnerable’ to a setback, veteran advisor says
Gold prices on Monday extended their record-breaking run, notching another all-time high amid robust U.S. economic data and elevated geopolitical tensions. Spot gold prices stood...
Gold shatters record roof, heads for third straight weekly gain on buying momentum
Two Argor-Heraeus SA 250 gram gold bars at Solar Capital Gold Zrt. arranged in Budapest, Hungary, on Tuesday, March 22, 2022. Akos Stiller | Bloomberg...
Gold Tops $2,300 After Powell Reiterates Rate-Cut Path This Year
Gold rose to another record, extending a weekslong rally after Federal Reserve Chair Jerome Powell reiterated that it will likely be appropriate to begin lowering...
Japan’s finance minister says ‘speculative’ moves in currency market impacting yen
The yen has been on a downtrend despite the BOJ’s decision on March 19 to end eight years of negative interest rates. Natanael Ginting |...
Fed’s Operating Losses Swelled to Record $114.3 Billion in 2023
The Federal Reserve’s expenses exceeded its earnings in 2023 by $114.3 billion, its largest operating loss ever, forcing the US central bank to forgo remittances...
Fed’s Powell Ready to Support Job Market Even if Inflation Lingers
As inflation surged in 2022, the Federal Reserve moved to prevent a wage-hike spiral by jacking up interest rates. Now, with unemployment edging up, the...
Gold Hits New Record After Fed Maintains Rate-Cut Plan
Gold retreated after surging above $2,200 an ounce for the first time on conviction that the Federal Reserve will cut interest rates this year. The...