Gold Surges Past $2,400 on Middle East Conflict Concerns
Gold pared gains as demand for safe-haven assets eased after Iranian media seemed to downplay the effect of Israeli strikes, indicating a lowering of geopolitical risk.
Gold pared gains as demand for safe-haven assets eased after Iranian media seemed to downplay the effect of Israeli strikes, indicating a lowering of geopolitical risk.
Bank of England Deputy Governor Dave Ramsden signaled he is less concerned about UK inflation than in previous months, a sign he may be willing to support interest rate cuts.
Treasuries all but erased their biggest rally of the year as investor focus shifted back to the US inflation outlook following an escalation of Middle East conflict that stoked demand for havens.
Cocoa futures in New York touched a fresh record as the pace of processing in chocolate factories holds up despite a global supply crunch and record prices.
The US House advanced a long-stalled $95 billion aid package for Ukraine, Israel and Taiwan, a breakthrough signaling an end to an increasingly agonizing wait for Ukraine and US allies in Europe.
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