Gold Holds Near Record as Fed Rate-Cut Optimism Fuels Demand
Gold surged to a record, boosted by increasing optimism the Federal Reserve will start easing monetary policy this year and by rising geopolitical tensions in the Middle East.
Gold surged to a record, boosted by increasing optimism the Federal Reserve will start easing monetary policy this year and by rising geopolitical tensions in the Middle East.
The Bank of England will be able to cut interest rates “some time over the summer” if second round inflation pressures drop away as expected, Deputy Governor Ben Broadbent said.
Oil traded in a narrow range on Monday as the market watched for any fallout from political ructions in two of the world’s major crude producers.
The most pivotal South African election in decades is already turning the tide of the country’s financial markets.
New Taiwan President Lai Ching-te urged China to stop its campaign of pressure of the democratic island, comments aimed at calming a dispute at the heart of a geopolitical rivalry involving the world’s two biggest powers.
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