Gold Hovers Near Two-week Low Ahead Of Fed Minutes

Gold prices held steady on Wednesday after hitting a more than two-week low the previous day. Spot gold was marginally lower at $1,274.12 per ounce, after having fallen to $1,268.97, its lowest level since May 3, in the previous session. U.S. gold futures were little changed with a positive bias at $1,273.65 an ounce. Trade tensions also remained in focus […]

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Global stocks rally as U.S. eases Huawei restrictions

NEW YORK (Reuters) – The dollar rose and global equity markets advanced on Tuesday, led by chipmakers and companies exposed to Asia, after the United States temporarily eased trade restrictions on China’s Huawei Technologies Co Ltd. Major European and Chinese stock indices rose after the Commerce Department late on Monday allowed Huawei to buy U.S. goods until Aug. 19 to […]

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Global stocks gain as U.S. eases Huawei restrictions

LONDON (Reuters) – Stock markets gained on Tuesday, with chipmakers and companies exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China’s Huawei. In Europe, the broader Euro STOXX 600 climbed 0.6%, extending gains earlier in the trading session, with Germany’s DAX rising 1.1%, while France’s CAC 40 added 0.6%. At the […]

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Gold Hits Two-week Low As Dollar Strengthens

Gold prices fell to a more than two-week low on Monday as rising geopolitical risks, trade worries and robust U.S. data helped support demand for the U.S. dollar. Spot gold slipped 0.1 percent to $1,276.41 an ounce at 1025 GMT, after having touched $1,273.22, its lowest level since May 3. U.S. gold futures held largely steady at $1,276.15. The dollar […]

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N.J.’s Revenue Surprise Deepens Divide Over Millionaire’s Tax

In this article New Jersey’s budget discord deepened as a key blocker of Governor Phil Murphy’s proposed millionaire’s tax also disagreed with his fellow Democrat’s plans for a record April revenue surge. The administration on Tuesday boosted current-year revenue forecasts by $377 million after April income-tax collections surpassed a 2008 record. Murphy, a retired Goldman Sachs Group Inc. senior director, […]

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Gold Holds Steady Near One-month High

Gold prices were slightly higher on Wednesday and the U.S. dollar remained confined to a tight range amid reports the Trump administration is preparing to place tariffs on all remaining Chinese imports worth about $300 billion. Spot gold inched up 0.1 percent to $1,298.10 an ounce, while U.S. gold futures were up 0.2 percent at $1,298.55 an ounce. Trade war […]

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U.S.-China trade setback prolongs the global equities slide

LONDON (Reuters) – Global equities fell on Monday after their worst week of 2019, as hopes of an imminent U.S.-China trade deal were crushed and neither side showed a willingness to budge, raising fears of a fresh round of tit-for-tat tariffs. The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of […]

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Gold Hovers Near One-week High

Gold prices rose to their highest level in more than a week on Wednesday as renewed worries over U.S.-China trade dispute coupled with mixed trade data from China continued to keep investors’ risk appetite in check. Spot gold rose 0.45 percent to $1,290.10 per ounce, while U.S. gold futures were up half a percent at $1,291.35 an ounce. After the […]

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Smart ways to invest in gold

Gold in physical form is an illiquid investment Traditionally, families saved in gold by buying jewellery. But with high making charges, investing in jewellery is not the smart thing to do. Making charges, together with the price of the precious stones in the gold jewellery, eat into returns. Aside from all this, gold in physical form is an illiquid investment […]

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Gold poised for gains as global markets brace for turmoil: Reuters poll

LONDON (Reuters) – A slowing global economy, stock market turmoil, delays to interest rate rises and potential U.S. dollar weakness are expected to boost average annual gold prices to their highest since 2013, a Reuters poll found. Gold will average $1,322 an ounce this year and $1,369 in 2020, the median forecasts returned by the poll of 34 analysts and […]

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