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US central bank

Gold jumps
Markets

Gold jumps

NEW YORK: Gold bounced nearly 1% on Friday after Federal Reserve Chair Jerome Powell stopped short of signaling when...
Published 28 Aug, 2021 03:54am
Gold steadies in Europe
Markets

Gold steadies in Europe

AMSTERDAM/ LONDON: Gold prices steadied near recent highs on Wednesday, underpinned by concerns over the spread of...
Published 19 Aug, 2021 04:15am
Dollar dips after Fed rally, Bitcoin slumps
Markets

Dollar dips after Fed rally, Bitcoin slumps

  • The dollar index against a basket of currencies was last down 0.26% on the day at 92.013. The euro gained 0.27% to $1.1901 and the greenback gained 0.05% to 110.30 Japanese yen.
  • The British pound gained 0.69% to $1.3885.
Published 21 Jun, 2021 08:33pm
European shares slip
Markets

European shares slip

AMSTERDAM/LONDON: European shares fell from record highs on Thursday, tracking declines on Wall Street after the...
Published 18 Jun, 2021 04:16am
Yields rise from three-month lows before Fed meeting
Business & Finance

Yields rise from three-month lows before Fed meeting

  • The Fed is not expected to announce any plans to pare its bond purchases until its August Jackson Hole economic symposium, though it may start dropping hints that it has started to talk about a taper.
  • "This rally in rates seems very counterintuitive. I still haven't found a very strong case besides perhaps the offset of positioning, people are getting out of trades ahead of the FOMC," Rajappa said.
Published 14 Jun, 2021 07:29pm