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Banking Featured Finance News World

What money will become: Seven key questions

The digital age has ushered in an era of transformation for money, triggering debates about the role of cryptocurrencies, central bank digital currencies, stablecoins, and the possible encroachment of Big Tech into the monetary system. In the midst of this upheaval, central bankers, economists, and the private sector are grappling with fundamental questions about the […]

Economy Banking Featured Finance

Gold leaps above $4,100 on Fed rate cut hopes, US-China trade tension

Fed Chair Powell to address NABE annual meeting on Tuesday. Gold prices jumped to a record high above $4,100 on Tuesday, supported by rising expectations of a U.S. Federal Reserve rate cut this month and safe-haven demand following renewed trade tensions between the world’s two largest economies. Spot gold rose 0.6% to $4,132.89 per ounce […]

Finance Banking Featured trade World

Gold breaks $4,100 to hit high on trade jitters, rate-cut optimism

 Gold broke through $4,100 per ounce for the first time on Monday, hitting another record high on renewed U.S.-China trade tensions and expectations of U.S. interest rate cuts, while silver also rose to an all-time high. Spot gold was up 2.1% to $4,099.55 per ounce, as of 10:50 a.m. ET (1450 GMT), after hitting a […]

Economy Featured Finance News World

Egypt’s annual inflation slows to 11.7% in September

Annual inflation has plunged from a record high of 38% in September 2023.  Egypt’s annual urban consumer price inflation slowed to 11.7% in September from 12% in August, data from statistics agency CAPMAS showed on Wednesday, a deceleration less than what analysts in a Reuters poll had anticipated. The median forecast was for an easing […]

Economy Business Featured World

Rational inattention and information provision experiments

Surveys with information provision experiments have become popular in economics. This column introduces an information provision experiment in a model of rational inattention – where information requires paying attention, which is costly – to study the implications of experimental findings for behaviour outside the survey. It highlights that the balance of two counteracting effects, attention-in-daily-life […]

Business Banking Economy Finance

Gold uptrend intact, but due for correction before topping $4,000 in 2026

Spot gold was trading around $3,680 per ounce on Tuesday after hitting a record $3,689.27 earlier in the session. Gold’s stellar rally to successive record highs shows every sign of continuing for the rest of the year, but a healthy correction is on the cards before breaching the $4,000 per ounce milestone in 2026, traders […]

Finance Banking Featured News World

Strong Japan GDP lifts yen, dollar steady as rate cut fervour cools slightly

Dollar on course to end week flat against EUR; lower against JPY, GBP. The dollar was largely steady against the euro and British pound on Friday as traders trimmed wagers on monetary policy easing by the U.S. Federal Reserve following hotter-than-expected wholesale inflation data. The Japanese yen, meanwhile, firmed broadly following surprising strong economic growth […]