Gold price plummets Friday, still eyes weekly gains over 1%
Gold fell to a three-day low beneath $2,650 after the US Bureau of Economic Analysis (BEA) revealed that September inflation continued to evolve toward the Federal Reserve’s (Fed) goal.
Read More »China urges local companies to stay away from Nvidia AI chips – report
Bloomberg is out with a report saying China is ramping up pressure on domestic companies to use domestic chip products rather than Nvidia chips. Shares of Nvidia are down 3.5%…
Read More »Iran supreme leader holds emergency meeting of security council – report
Iran’s supreme leader, Ayatollah Khamenei, is holding an emergency meeting of the Supreme National Security Council at his home compound, in response to Israel’s strike in Beirut that targeted the…
Read More »Pound Sterling Price News and Forecast: GBP/USD drops from yearly peak amid soft US Dollar
The GBP/USD pair drifts lower during the Asian session on Friday and moves away from its highest levels since March 2022, around the 1.3435 region touched the previous day.
Read More »Musalem: Fed should cut rates gradually
The FT interviewed St Louis Fed President Alberto Musalem and he said that future cuts should come gradually but that if there’s further weakness, a faster pace could be appropriate….
Read More »US equity close: Positive start upended by tech selling
Closing changes in North American equities: S&P 500 -0.1% Nasdaq Comp -0.4% DJIA +0.3% Russell 2000 +0.7% Toronto TSX Comp -0.3% On the week: S&P 500 +0.6% Nasdaq Comp +1.0%…
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Read More »Forexlive Americas FX news wrap: US PCE inflation cools
US August core PCE +0.1% vs +0.2% expected Canada GDP for July 0.2% versus 0.1% expected US Advanced goods trade balance for August $-94.26 billion vs. -100.60B estimate US September…
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