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Economy

  • Economy

Gold players keep faith despite trade truce-induced correction

Wall St Warrior8 months ago03 mins

By Brijesh Patel (Reuters) – Gold prices have fallen almost 10% from a record high just above $3,500 per ounce in April as a de-escalation in U.S.-China trade tensions punctured momentum, but analysts are sticking with a bullish outlook due to strong underlying support for the metal. Spot gold was trading around $3,180 an ounce…

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  • Economy

BoE’s Taylor says ‘perilous’ trade situation justified half-point rate cut vote

Wall St Warrior8 months ago02 mins

By David Milliken LONDON (Reuters) -Bank of England policymaker Alan Taylor said on Monday that he voted for a half-point rate cut last week – in defiance of the majority on the Monetary Policy Committee – because of a “quite perilous” trade situation as well as weakening domestic demand. Last week the BoE voted 5-4…

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  • Trump wants nations to pay $1 billion to stay on his peace board, report says
  • International oil companies push for quick reforms in Venezuela to give them control over oil exports
  • Trump wants nations to pay $1 billion to stay on his peace board, report says
  • Macron says Trump tariff threat over Greenland unacceptable
  • Weekly US jobless claims fall unexpectedly, but labor market treading water
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