Gold and silver surged to record highs after the US Justice Department targeted the Federal Reserve in an investigation, fuelling fears over the bank’s independence and raising demand for safe-haven assets. Gold vaulted toward $4,600 an ounce and sil ... »»»

Gold prices recorded a state of relative stability in local and global markets during Wednesday’s trading, while bullion pared some of its gains on the international exchange after touching record levels above $4,500 per ounce. The move was driven by escalating geopolitical tensions and growing exp»»»

Representative AI image Employment data for August revealed significant weakening in US job market conditions, with unemployment climbing to 4.3%, marking a nearly four-year peak. This development strengthens expectations for a Federal Reserve interest rate reduction this month, according to Reuter»»»

Chicago soybean futures edged lower on Friday, snapping a two-day gain, as strong pod counts from the Pro Farmer crop tour weighed on the market. Prices were still on track for a second straight weekly rise. Wheat and corn futures were also set for weekly gains. FUNDAMENTALS * The most active soybe»»»

U.S. consumer spending unexpectedly declined in May, driven by the fading impact of pre-emptive purchases made in anticipation of tariffs. Inflation remained moderate, with the PCE Price Index increasing slightly. This combination of soft spending and inflation is unlikely to prompt the Federal Res»»»

Jerome Powell, the chair of the Federal Reserve, ruled out the possibility of a recession in the economy of the United States in the near future, saying that there is no reason to believe it. Addressing a conference in San Francisco, Powell said, “Growth is strong. The economy is in a good place. T»»»

— And just like that, two of the world’s largest economies are in technical recessions. On Thursday, Japan and the UK both reported their second consecutive negative quarters of gross domestic product, fitting the widely agreed-upon definition of a recession. Could the US, the world’s largest econo»»»

SINGAPORE, Nov 7 — The dollar advanced today as last week’s rally in riskier currencies took a breather, while the Aussie dollar slid after the Reserve Bank of Australia raised rates but tweaked its outlook, spurring expectations that hikes are at an end. The RBA raised interest rates by 25 basis p»»»

SINGAPORE :The dollar was steady on Tuesday as traders took a breather from a risk rally, while the Aussie slid after the Reserve Bank of Australia raised rates, but left the door open on whether further hikes would be needed. The RBA raised interest rates by 25 basis points on Tuesday, ending four»»»

While the US Federal Reserve struggles to contain inflation, banks are failing and the government faces a debt default. Steve Hayes, tax attorney and chairman of FairTax, and economist, radio show host and author Dr. Jack Rasmus see even bigger problems looming ahead. The US faces a combination of »»»