News
Gold Climbs Back Toward $4, 200 as Weak Jobs Report Hammers Rate Hike Odds and Dollar Slides Friday
2+ hour ago (328+ words) Gold futures climbed sharply Friday morning, approaching $4, 200 per ounce and extending a two-day recovery that has erased a significant portion of the month-long selloff driven by the escalation of the U. S. -Iran conflict and its knock-on effect on inflation expectations and…...
Australia's Housing Market Stalls as Rate Hikes and New Tax Rules Cool Down Sydney and Melbourne Prices
4+ day, 2+ hour ago (809+ words) International Business Times Australia...
Silver Prices Climb 0. 86% to $70. 51 as Industrial Demand and Geopolitical Easing Support White Metal
2+ week, 2+ day ago (807+ words) Silver prices advanced Wednesday, with spot silver reaching $70. 51 per ounce, up $0. 61 or 0. 86 percent, as investors balanced industrial buying interest with easing geopolitical tensions and shifting expectations for U. S. monetary policy. The gain extends recent volatility in the white metal, which has…...
Gold Eases Slightly to $4, 346. 60 as US-Iran Ceasefire Reduces Immediate Safe-Haven Demand
2+ week, 3+ day ago (866+ words) Gold prices retreated modestly on Monday, closing at $4, 346. 60 per ounce after falling $5. 00, or 0. 11%, as the US-Iran peace agreement and reopening of the Strait of Hormuz eased geopolitical tensions and diminished short-term safe-haven buying. The small decline followed a strong run…...
RBA Holds Interest Rate at 4. 35% as Australian Economy Slows Amid Global Uncertainty
2+ week, 3+ day ago (894+ words) SYDNEY " The Reserve Bank of Australia kept its cash rate unchanged at 4. 35% on Tuesday in a unanimous decision, citing persistent inflation pressures and heightened uncertainty in the global economy despite signs of slowing domestic growth and a rising unemployment rate....
Gold Surges to Record $4, 381 per Ounce as Investors Navigate US-Iran Peace Deal
2+ week, 4+ day ago (740+ words) Gold prices jumped $142. 90, or 3. 37%, to a fresh record high of $4, 381. 70 per ounce on Monday, as investors balanced relief over the US-Iran ceasefire agreement with ongoing concerns about inflation, central bank demand and long-term geopolitical risks in the Middle East. Drivers…...
Dow Jones Drops 331 Points as Markets Pull Back Amid Rate and Geopolitical Concerns
3+ week, 2+ day ago (801+ words) The Dow Jones Industrial Average fell more than 330 points on Wednesday, closing at 50, 541. 18 as investors navigated mixed economic signals, persistent interest rate uncertainty and ongoing geopolitical developments that weighed on sentiment across major U. S. indexes. The blue-chip index declined 330. 93 points, or…...
Gold Prices Ease 0. 25% to $4, 352. 50 as Equity Rally and Stronger Dollar Curb Safe-Haven Buying
3+ week, 3+ day ago (813+ words) NEW YORK " Gold futures declined 0. 25% on Tuesday, settling at $4, 352. 50 per ounce as a rebound in global stock markets and a firmer U. S. dollar reduced demand for the precious metal as a safe-haven asset, even as broader economic uncertainties and geopolitical undercurrents…...
Commonwealth Bank Shares Slide 0. 63% to $163. 73 as Australian Banking Sector Faces Rate Uncertainty
4+ week, 1+ day ago (820+ words) SYDNEY " Commonwealth Bank of Australia shares fell 0. 63% to close at $163. 73 on Thursday, underperforming the broader market as investors weighed persistent inflation concerns and the likelihood of delayed interest rate cuts from the Reserve Bank of Australia. The country's largest bank…...
Gold Falls 0. 77% to $4, 485 as Strong Dollar and Fed Outlook Pressure Precious Metals
1+ mon, 2+ hour ago (1078+ words) NEW YORK " Gold prices declined $34. 60, or 0. 77%, to settle at $4, 485. 30 per ounce on Wednesday, extending recent weakness as a stronger U. S. dollar and persistent expectations for cautious Federal Reserve policy weighed on the precious metal. The drop marked the second consecutive session…...