Tag: Cuts
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Gold Soars, Rate Cuts Near, Nasdaq and Nvidia Wobble
[ad_1] Market Wrap and Week Ahead – w/c March 11th Recent commentary from ECB President Christine Lagarde and Federal Reserve Chairman Jerome Powell suggest that both central banks are looking to start a series of interest rate cuts in June. In his testimony to the Senate Banking Committee on Thursday, Fed Chair Jerome Powell indicated…
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Silver Gains On Short Covering Amid Uncertainty Over Timing Of Fed Rate Cuts.
[ad_1] prices recorded a gain of 0.75%, settling at 70837, driven by short-covering amid uncertainty regarding the Federal Reserve’s stance on interest rate cuts. The lack of a concrete timeline for rate adjustments in recent Fed speeches has created an air of uncertainty. Richmond Federal Reserve Bank President Thomas Barkin emphasized the need for sustained…
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Silver Steadied As Investors Reduced Their Expectations For Rate Cuts This Year
[ad_1] closed marginally lower by -0.04%, settling at 72218, as economic uncertainties and cautious sentiment surrounding interest rates restrained investor demand. Federal Reserve Chair Jerome Powell indicated that the central bank is unlikely to cut rates in March, citing concerns about having sufficient confidence in inflation data. The U.S. labor market’s apparent loss of momentum,…
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Gold Settled Flat As Traders Assess Fed Move Regarding Interest Rate Cuts.
[ad_1] Gold experienced a marginal decline of -0.03%, closing at 61964, as traders analyzed the latest economic data and speculated on the Federal Reserve’s potential actions regarding interest rate cuts. The U.S. labour market added an element of uncertainty with a notable increase in first-time unemployment benefit applications. Weekly jobless claims rose by 25,000 to…
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India Contemplates Gold Import Tax Cuts to Revitalize Jewellery Exports
[ad_1] India’s commerce ministry is considering a reduction in import tariffs on bars, backing the Gems and Jewellery Export Promotion Council’s plea to lower taxes from 15% to 5%. The move, anticipated in the upcoming federal budget, aims to rejuvenate the struggling jewellery industry, hit by higher costs, declining exports, and concerns over gold smuggling.…
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Yellen Visits Midwest To Showcase Improving Consumer Sentiment, Take Aim At Trump Tax Cuts
[ad_1] Last Updated: January 26, 2024, 00:30 IST Read all latest and breaking World News on News18.com Embargoed until Thursday at 1:35 pm EST WASHINGTON: Embargoed until Thursday at 1:35 pm EST Treasury Secretary Janet Yellen is visiting Illinois and electoral battleground Wisconsin this week to make a case for the Biden administration’s economic agenda…
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Oil prices slump on Saudi price cuts; long positions reduced
[ad_1] Investing.com — Oil prices fell sharply Monday after top exporter Saudi Arabia slashed the prices of its crude exports, signaling weakening demand as economic activity stagnates. By 09:10 ET (14.10 GMT), the futures traded 3.7% lower at $71.07 a barrel and the contract dropped 3.4% to $76.08 a barrel. Saudi Arabia cuts export prices…
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Zinc dropped due to a stronger dollar and uncertainty about US interest rate cuts.
[ad_1] Zinc faced a decline of -0.91%, settling at 228.45, influenced by a stronger dollar supported by uncertainty regarding the timeline and extent of U.S. interest rate cuts. The Federal Reserve’s meeting minutes downplayed the urgency of interest rate cuts, with officials expressing a belief in the likelihood of a soft landing for the economy. …
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Gold prices rise in strong start to 2024, early rate cuts in focus
[ad_1] Investing.com– Gold prices rose on Tuesday after seeing strong gains in the last few trading days of 2023, as traders cheered the prospect of early interest rate cuts by the Federal Reserve in 2024. Spot prices of the yellow metal were trading about $70 an ounce below a record high hit at the beginning…