Trending now

Crypto community divided over Google Cloud’s web3 initiative

FBI cautions public to stay away from unregistered crypto platforms

Hard Rock International, Seminole Gaming, Royal Caribbean International and Celebrity Cruises Announce…

Web3 leader Immutable rolls out $50M gaming rewards initiative

Japanese firm Metaplanet dives into bitcoin with ¥1 billion purchase

Global Conservation Leaders Unite in Saudi Arabia’s Hima Protected Areas Forum, Setting…

Vantage unveils significant impact of donation on UNHCR’s ongoing refugee support in…

U.S. senators unveil crypto regulation bill amid bitcoin turbulence

Global food insecurity soars as 281.6M struggle for survival

Oracle picks Nashville for HQ, tech boom ahead

Iraq Bulletin

Tag : Federal Reserve

Business

Chinese Yuan hits record lows against surging US dollar

admin
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China’s domestic currency hitting its weakest level since the 2008 global financial crisis. This depreciation comes as the dollar continues to rise against other major currencies due......
Business

Gold prices hold steady near one-year high as Fed rate pause looms

admin
Gold prices remained close to one-year highs on Friday, fueled by recent US economic data that suggested the Federal Reserve may be nearing the end of its rate-hiking cycle. This drove non-yielding bullion towards a second consecutive weekly increase. Spot gold was last down 0.78% at $2,023.77 per ounce, with......
Business

Gold continues upward climb, scaling one-year high racing past $2,000 an ounce

admin
Gold prices have surged past $2,000 an ounce, scaling one-year highs, as the US dollar and yields weakened. This follows weaker-than-expected US economic data, which reinforces bets for a slowdown in the pace of interest rate hikes despite growing concerns over inflationary pressure caused by rising oil prices. The price......