US economy adds 254,000 jobs in September, beating expectations
The US economy added 254,000 jobs in September, beating projections of 140,000. The unemployment rate dipped to 4.1%, showing continued strength in the labor market....
Tag : Federal Reserve
Gold price hits new all-time high amid macro uncertainties
Gold hits a record high at USD 2,607/oz, reflecting over 25% gains YTD, driven by geopolitical tensions, USD diversification, and macroeconomic uncertainty....
Dow jumps 380 points as Wall Street celebrates Fed rate cut
Wall Street surged Thursday as investors embraced the Fed’s first rate cut in four years, with major indexes rising and tech stocks leading the charge....
Chinese Yuan hits record lows against surging US dollar
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......
Gold prices hold steady near one-year high as Fed rate pause looms
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......
Gold continues upward climb, scaling one-year high racing past $2,000 an ounce
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......
Dollar slips as investors await Powell testimony
Investors were watching for testimony from Federal Reserve Chair Jerome Powell on Monday as well as the February jobs report at the end of the week, which will likely influence how hawkish the central bank will be going forward. Dollar index, which measures the value of the U.S. currency against......