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...
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...
Switch to gold standard could stabilise prices – Philadelphia Fed research
Long-run price stability could be a key feature of the gold standard, researchers with the Federal Reserve Bank of Philadelphia find. In their working paper,...
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...
The Federal Reserve Will Slow QT. What Matters Is Where It Stops
With interest-rate cuts off the table for now, the US Federal Reserve will focus on a different topic at next week’s policy-making meeting: when and...
Gold Is JPMorgan’s Top Pick in Commodities With Price Eyeing $2,500
Gold is the No. 1 pick in commodities markets for JPMorgan Chase & Co. and the price has the potential to reach $2,500 an ounce...
Gold Rises After February 2024 US Jobs Report
Gold extended its rally to a fresh record high after a key US jobs report bolstered expectations that the Federal Reserve will soon cut interest...
Powell Says Fed Is ‘Not Far’ From Confidence to Cut Interest Rates
Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates. “We’re waiting to...
Mounting U.S. rate cut bets push gold to record highs
Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea, on Oct. 13, 2023. SeongJoon Cho | Bloomberg | Getty Images Gold...