rate hikes

Last Updated: July 12, 2023, 01:05 ISTNew York, United States of America (USA)Ready to be minted 50g gold ingots are pictured at the plant of refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. (Reuters)…

Last Updated: July 07, 2023, 02:06 ISTNew York, United States of America (USA)Gold is highly sensitive to rising U.S. interest rates, as they increase the opportunity cost of holding non-yielding bullion. Spot gold was down 0.4% at…

Wall Street was mixed and the dollar rebounded on Wednesday as Federal Reserve Chair Jerome Powell suggested two more interest rate hikes are probably in the cards.The Nasdaq advanced, powered by megacap momentum stocks, while the S&P…

Last Updated: June 22, 2023, 04:47 ISTNew York, United States of America (USA)Megacaps and tech-related shares weighed the most on the market, including AI-related stocks Microsoft and Nvidia.All three major stock indexes notched their…

Last Updated: June 15, 2023, 00:16 ISTWashington D.C., United States of America (USA)Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, March 22, 2023, in Washington. (AP File…

Last Updated: June 15, 2023, 00:27 ISTWashington D.C., United States of America (USA)Near 1825 GMT, the Dow Jones Industrial Average fell 1.3 percent, while the Nasdaq lost 0.8 percent.The US central bank, as expected, opted to hold its…

Last Updated: June 16, 2023, 02:30 ISTLondon, United Kingdom (UK)U.S. Treasury yields were lower as investors digested the economic data and the Fed's update.Equities trading had been choppy on Wednesday after the Fed signaled it could…

<!-- -->The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes.Washington: The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated"…

Last Updated: June 13, 2023, 01:53 ISTNew York, United States of America (USA)Silver fell 1.3% to $23.95 per ounce, while platinum dipped 1.92% to a two-month low at $989.67. (Reuters File Photo)Spot gold fell 0.4% to $1,953.77 per ounce by…

The dollar fell on Thursday after data showed that U.S. jobless claims rose more than expected in the latest week, though the market was generally viewed as consolidating ahead of key inflation data and the Federal Reserve’s interest rate…