Gold Heads For Weekly Loss as US Inflation Concerns Sap Demand
Gold was on track for a weekly loss as persistent inflationary forces looked increasingly likely to push back the timing for US rate cuts.
Gold was on track for a weekly loss as persistent inflationary forces looked increasingly likely to push back the timing for US rate cuts.
Price growth in Tokyo decelerated sharply to a pace below 2% in April, in an outcome largely distorted by the start of education subsidies, as the Bank of Japan gathers to decide policy.
Oil headed for a weekly gain ahead of US inflation data that may give further clues on the path forward for monetary policy, shaping appetite for risk assets including commodities such as crude.
Peru’s long-term foreign currency sovereign credit rating was lowered to ‘BBB-’ from ‘BBB’ by S&P Global Ratings Thursday as a fragmented congress and the administration’s limited political capital weigh on private-sector investment sentiment.
Stellar earnings reports from Microsoft Corp. and Alphabet Inc triggered an after-hours tech rally that sent US futures higher. Japan’s stocks were rangebound before a monetary policy decision.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}