Tag: Federal Reserve Policy
Asia FX Quiet in Year-End Trade, Won Rises on Government Backing
Most Asian currencies and the U.S. dollar traded largely flat on Monday as thin year-end conditions kept market activity subdued. The standout was the...
Bitcoin Climbs Toward $90,000 as Fed Rate Cut Bets Grow
Bitcoin traded higher on Monday, hovering just below the key $90,000 level after briefly moving above it earlier in the session. However, the cryptocurrency...
U.S. Economy Expands 4.3% in Q3, Far Beating Forecasts
The U.S. economy expanded at a strong 4.3% annualized rate in the third quarter, according to data released by the U.S. Commerce Department, significantly...
Silver Prices Surge Past $70 an Ounce for the First Time
Spot silver climbed above the $70-per-ounce mark on Tuesday, extending its rally as a combination of strong industrial demand, sustained investor interest, tightening inventories,...
U.S. Dollar Recovers Some Losses After Strong Growth Data
The U.S. dollar pared earlier losses against both the Japanese yen and the euro on Tuesday after fresh data showed stronger-than-expected economic growth in...
Wall Street Debates Fed’s Next Move After Hot Q3 GDP Report
Wall Street analysts say stronger-than-expected third-quarter GDP data confirms the resilience of the U.S. economy, but they do not expect it to trigger an...
Gold Pulls Back From Record Highs as US-Venezuela Tensions Take Focus
Gold prices surged to a new record during early Asian trading on Tuesday, extending their recent rally as investors sought safe-haven assets amid rising...
Asia Markets Rise After Wall Street Rally; RBA Minutes and Japan...
Most Asian equity markets moved modestly higher on Tuesday, following overnight gains on Wall Street. Investor sentiment was supported by a rebound in U.S....
Gold and Silver Surge in Year-End Rally
Gold and silver surged to near-record levels on Tuesday, driven by growing expectations of easier U.S. monetary policy and ongoing geopolitical tensions. Gold climbed...
Bitcoin Slips Below $88,000 as Rally Loses Steam Ahead of Key...
Bitcoin moved lower on Tuesday, bringing its recent rebound to a halt as investor caution toward cryptocurrencies persisted. A risk-averse mood was reinforced by...
