May 1 (Reuters) – Gold dipped to a two-week low on Thursday, pressured by signals of softening trade tensions and a holiday in top consumer China, while focus was also on Friday’s U.S. payrolls report to gauge the economic outlook. Spot gold was down 2% at $3,222.43 an ounce at 9:30 a.m. ET (1330 GMT),…
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Despite this short-term pullback, gold price action shows strong bullish momentum driven by geopolitical tensions and fluctuating policy signals from the Trump administration. Fed Chair Powell’s recent warning about a possible stagflation scenario adds to concerns, supporting long-term gold demand. According to Powell, the Fed’s dual goals of controlling inflation and supporting employment could increase…
The swimsuit and cap worn by Hong Kong’s Siobhan Haughey when she made history at the Tokyo Olympics have sold at auction for a huge sum, it has been revealed. Haughey is this weekend poised to make her return to the pool after a three-month break, in Hong Kong’s Long Course Swimming Time Trial. But…
Iron ore futures prices gained for a second straight session on Tuesday, supported by pre-holiday restocking by steelmakers in top consumer China and revived hopes of stimulus. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.29% higher at 783 yuan ($107.28) a metric ton. The benchmark January iron…
SYDNEY/LONDON, Dec 16 (Reuters) – Shares around the world nudged lower on Monday on soft economic numbers from China and Europe and as surging bond yields challenged equity valuations, kicking off a week packed with central bank meetings and major economic data. Figures from China showed retail sales rose just 3.0% in November, compared with…
Language serves as a mirror of society. This year’s buzzwords in mainland China undeniably reflect the essence of our times. They primarily signify the advent of the intelligent era, where the younger generation – especially those born after 2000 – has become the focal point of social attention, while the elderly have emerged as a…
Equities Global markets were mostly higher ahead of a data-packed week, fuelled by investor optimism over billionaire hedge fund manager Scott Bessent’s nomination as U.S. treasury secretary. Wall Street futures climbed at the start of a trading week shortened by the Thanksgiving holiday. TSX futures followed sentiment higher. In Canada, investors are getting results from…
Nov 21, 2024 09:51 AM IST Nate Silver questioned Joe Biden’s ability to serve as the president ignored reporters during his trip to Peru and Brazil for the G-20 summit. Pollster Nate Silver said on Wednesday, November 20, that Joe Biden “should resign” and allow Kamala Harris to serve out the final two months of…
NEW YORK, Oct 14 (Reuters) – U.S. stocks were led higher by technology shares while crude prices dipped on Monday as investors, amid light Columbus Day trading, looked past signs of economic softness in China and girded themselves for a string of high-profile corporate earnings reports. Megacap tech-adjacent growth stocks provided much of the upside…