[ad_1] WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. In a move that financial markets had completely priced in, the central bank’s Federal Open Market Committee raised its funds rate by a quarter percentage point to … Read more
[ad_1] Last Updated: July 15, 2023, 03:11 IST New York, United States of America (USA) Spot gold fell 0.1% to $1,959.27 per ounce by 01:45 p.m. EDT (1745 GMT), but has gained about 1.8% so far this week. U.S. gold futures settled little changed at $1,964.40. Gold prices ease, poised for biggest weekly gain since … Read more
[ad_1] Fewer jobs than expected added to U.S. economy in June – CBS News Watch CBS News The U.S. economy added fewer jobs than predicted in June, sending stocks seesawing even as the unemployment rate remained steady. The report sparked fears that the Fed will raise interest rates again. Natalie Brand is at the White … Read more
[ad_1] Last Updated: July 07, 2023, 02:06 IST New York, United States of America (USA) Gold is highly sensitive to rising U.S. interest rates, as they increase the opportunity cost of holding non-yielding bullion. Spot gold was down 0.4% at $1,910.15 per ounce by 2:08 p.m. EDT (1808 GMT), while U.S. gold futures settled 0.6% … Read more
[ad_1] Global stocks mostly fell Tuesday following a smaller-than-forecast Chinese interest rate cut, while a pullback in US markets suggested a rally was running out of steam. Asian stocks finished mostly lower, as did European equities. All three major US indices also pulled back, with the S&P 500 losing 0.5 percent. London stocks firmed on … Read more
[ad_1] Last Updated: June 15, 2023, 00:23 IST Washington D.C., United States of America (USA) Near 1825 GMT, the Dow Jones Industrial Average fell 1.3 percent, while the Nasdaq lost 0.8 percent. The US central bank, as expected, opted to hold its benchmark lending rate between 5.0 percent and 5.25 percent Wall Street stocks retreated … Read more
[ad_1] Last Updated: June 09, 2023, 01:48 IST New York, United States of America (USA) Spot gold rose 1.2% to $1,962.49 per ounce by 01:42 p.m. EDT (1742 GMT). U.S. gold futures settled up 1% at $1,978.60. (Reuters File Photo) Spot gold rose 1.2% to $1,962.49 per ounce by 01:42 p.m. EDT (1742 GMT) Gold … Read more
[ad_1] Last Updated: June 06, 2023, 02:49 IST New York, United States of America (USA) FILE PHOTO: A saleswoman shows gold bangles to a customer at a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kolkata, India, May 3, 2022. (Image: Reuters) Spot gold gained 0.6% to $1,958.89 per … Read more
[ad_1] U.K. Prime Minister Rishi Sunak said Thursday that Ukraine’s “rightful place” is within the NATO military alliance. Sunak said he agreed with comments made earlier Thursday by NATO Secretary-General Jens Stoltenberg that Ukraine is on the path toward NATO membership. “I agree with the NATO Secretary-General: Ukraine’s rightful place is in NATO,” Sunak told … Read more
[ad_1] Last Updated: May 31, 2023, 02:48 IST New York, United States of America (USA) The broad-based S&P 500 was flat at 4,205.52, while the tech-rich Nasdaq Composite Index gained 0.3 percent to 13,017.43. After rallying Friday in anticipation of an agreement, markets were muted as far-right Republicans in the House came out against the … Read more