ADP Reports Slight Miss in Private Sector Job Growth for FebruaryIn February, private sector employment experienced a modest uptick with 140,000 new jobs added, slightly under the anticipated 150,000, according to ADP. This growth represents an improvement from January’s revised figure of 111,000. The leisure and hospitality sector was the leading contributor, adding 41,000 jobs, followed by construction with 28,000, and trade, transportation, and utilities […] READ MORE Fed Chair Powell Stresses Patience on Rate Cuts Amid Inflation BattleFederal Reserve Chair Jerome Powell emphasized to lawmakers that the Fed is cautious about reducing interest rates prematurely, insisting on solid evidence of inflation control before making any moves. In his testimony, Powell suggested that while it might be suitable to decrease borrowing costs at some point this year, the Federal Reserve is not prepared […] READ MORE Gold Price Hovers at Record Peaks: Eyes Set on Fed's Powell for Rate Cut HintsGold prices edged higher on Wednesday, lingering near the record highs set in the previous session, with investors eagerly awaiting Federal Reserve Chair Jerome Powell’s upcoming testimony for indications of a possible interest rate cut in June. Spot gold rose by 0.3% to $2,132.80 per ounce by midday, just shy of its historic peak of […] READ MORE Commercial Real Estate Concerns Lead to Higher Borrowing Costs for BanksBond investors are increasingly wary of banks heavily involved in commercial real estate, leading to wider spreads on these banks’ bonds as concerns grow over the impact of property debt on the financial system. Barclays Plc analysts, led by Dominique Toublan, have observed that banks with significant commercial property investments face higher costs of borrowing […] READ MORE UAE Aims for Gold Standard in Online Trading TransparencyThe United Arab Emirates is advancing efforts to enhance transparency and ethical practices in gold transactions, especially those conducted through online platforms. This initiative, led by the World Gold Council (WGC), aims to empower consumers with the knowledge needed to make informed purchases and to ensure the credibility of selling entities. READ MORE Silver Surges: Anticipation of Rate Cuts Sparks 4% Price Jump in a WeekSilver prices experienced a notable surge of over 4% in a single week, fueled by speculations of an impending U.S. interest rate cut. This anticipation was stirred by a downturn in U.S. manufacturing activity and a dip in consumer confidence, suggesting softer economic conditions that might prompt the Federal Reserve to adjust its monetary policy. READ MORE Oil Prices Waver Amid Economic Uncertainty and Interest Rate SpeculationOil prices experienced volatility, finding some stability through technical support despite a general trend of risk aversion in broader financial markets. West Texas Intermediate (WTI) oil saw a minor decline of 0.4%, dropping below $79 per barrel amidst market fluctuations influenced by mixed economic signals and anticipation of Federal Reserve Chair Jerome Powell’s congressional testimony. […] READ MORE Why Britain Is Still Paying the Price for Gordon Brown’s Gold Bullion BlunderIt has been considered one of the worst financial blunders the Government ever made… Telegraph Money reveals what went wrong 25 years ago – and outlines the repercussions. READ MORE Central Banks Kick Off 2024 with Significant Gold PurchasesIn January 2024, central banks significantly bolstered their gold reserves, adding 39 tonnes to the global tally, with Turkey and China leading the acquisitions. This marked a robust start to the year, continuing a trend from 2023, which, although slightly below the record-setting pace of 2022, remained impressively strong. Such purchases have become a crucial […] READ MORE « Previous 1 … 23 24 25 26 27 … 64 Next »
