Gold futures declined on Thursday, pressured by strength in bond yields as the Fed™s symposium of central bankers got underway in Jackson Hole, Wyoming.
U.S. Treasury bonds weakened Thursday, sending the benchmark 10-year Treasury note yield up 2.4 basis points to 1.6046%. Rising bond yields can dull the luster of gold, which offers no yield.
December gold fell $7.20, or 0.5%, to settle at $1,508.50 an ounce after trading as low as $1,502.10. Prices finished at the lowest for a most-active...
Gold is poised for the first weekly decline in a month as investors await a key address by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole gathering on Friday, while mulling comments from other officials on monetary policy.
Three Fed policy makers voiced their resistance to the notion that the U.S. economy needs lower interest rates, and a fourth said he wanted to avoid taking further action œunless we have to, foreshadowing a sharp debate with officials...
Oil futures ended lower on Thursday, weighed down by expectations for surplus supplies, with the economy and energy demand moving back into focus on the first day of the Jackson Hole economic policy symposium in Wyoming.
West Texas Intermediate crude for October delivery on the New York Mercantile Exchange fell 33 cents, or 0.6%, to settle at $55.35 a barrel. Prices, based on the front-month contract, trade about 1% higher than the week-ago finish, but down 5.5% for the month so far. October...
Investors are betting big on Boeing for now, and the Dow Jones Industrial Average was the beneficiary on Thursday.
The Dow finished the day up 0.2%, or about 50 points. But Boeing's shares were up more than 4.3% and added nearly 98 points to the blue-chip index by itself.
At the same time, the S&P 500 slipped a very modest 0.05% and the Nasdaq Composite fell 0.36%.
Boeing was surging because of its Tuesday announcement that it is marshaling a temporary workforce of several hundred...
Tokyo shares were treading water Friday as investors awaited a key address by the US Federal Reserve chair, who has come under pressure from the White House to cut rates.
The benchmark Nikkei 225 index fell marginally, slipping 0.01 percent or 2.41 points to 20,625.60 in early trade, while the broader Topix index added 0.08 percent or 1.13 points to 1,499.19.
Source : AFP