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Economy Business Featured Finance World

Gold hovers near record high ahead of US inflation data

ANZ Group raised its year-end gold price forecast on Wednesday to $3,800 per ounce and expects prices to peak near $4,000 by next June. Gold prices hovered near an all-time high on Wednesday, buoyed by expectations of a U.S. interest rate cut this month, while market participants awaited U.S. inflation data for clues on the […]

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Dollar steady before US inflation report, US-China tariff deadline

The euro was up less than 0.1% at $1.1652, while sterling was flat at $1.3462.  The U.S. dollar was little changed on Monday before Tuesday’s deadline for Washington and Beijing to strike a tariff deal and a key U.S. inflation report that could help determine whether the Federal Reserve lowers borrowing costs next month. The […]