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Gold prices rose on Friday as the dollar retread on expectations that the Federal Reserve may pause interest rate hikes if the US economy slow this year while investors awaited news on progress in the US-China trade talks. Spot gold rose 0.6 per cent to $1,293.55 per ounce as at 0604 GMT, heading for a […]
Asian shares edged up on Thursday as stimulus expectations and a rise in the yuan helped Chinese equities erase early losses, while markets awaited more news on U.S.-China trade talks amid hopes that an all-out trade war can be averted. Stocks MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 percent. China’s blue-chip CSI […]
Gold prices edged up on Thursday in Asia after the U.S. dollar slipped amid growing expectations that the U.S. Federal Reserve would halt its rate tightening cycle in 2019. Gold futures for February delivery traded 0.4% higher to 1,296.55 on the Comex exchange. “Gold is getting a bit of support out of a dovish Fed and institutional instability […]
The dollar was under pressure early on Thursday after Federal Reserve will pause its rate tightening cycle this year while China-US trade talks reduce demand for safe-haven assets. “The Fed has acknowledged market concerns with its language. The markets are clearly reading into this as a more accommodative stance,” said Michael McCarthy, chief markets strategist […]
The European Banking Authority (EBA) published today the results of its assessment of the applicability and suitability of EU law to crypto-assets. Typically, crypto-asset activities do not constitute regulated services within the scope of EU banking, payments and electronic money law, and risks exist for consumers that are not addressed at the EU level. Crypto-asset […]
Asian shares climbed to a 3-1/2-week high on Wednesday, supported by growing optimism that the United States and China can strike a trade deal to avoid an all-out confrontation that would severely disrupt the global economy. The United States and China agreed to extend trade talks in Beijing for an unscheduled third day on Wednesday, amid […]