IMF hikes global growth forecast as inflation cools
The IMF has revised its global economic outlook upwards.Norberto Duarte | Afp | Getty ImagesThe International Monetary Fund on Monday revised upward its global growth projections for the year, but warned that higher interest rates and Russia’s invasion of Ukraine would likely still weigh on activity.In its latest economic update, the IMF said the global […]
Gold ticks up as dollar slips ahead of Fed meeting
Pure 1,000-gram gold bars produced by South Korea’s LS-Nikko are stacked in a dealers room in Seoul on January 9, 2009.KIM JAE-HWAN | AFP | Getty ImagesGold prices inched higher on Monday as the U.S. dollar eased, while market participants globally awaited a slew of central bank meetings with the main focus on the Federal Reserve.Spot gold rose […]
Gold rises 1% on slower Fed rate-hike prospects
Hand holding gold bullion.Edgar Su | ReutersGold prices scaled an over nine-month peak on Friday, holding above the key pivot of $1,900 per ounce, as cooling U.S. inflation raised hopes for slower interest rate hikes from the Federal Reserve.Spot gold rose 1.3% to $1,920.70 per ounce, the highest since end-April 2022. The metal has risen 2.9% so far this week.related investing […]
Gold trades near 8-month high and analysts expect its rise to continue
Gold bars are displayed at a bullion merchant’s, Baird & Co., in London, U.K., on Friday, March 14, 2008.Graham Barclay | Bloomberg | Getty ImagesLONDON — Gold traded near an 8-month high Tuesday as the precious metal’s strong start to 2023 continued, buoyed by lower yields and a weaker dollar.Spot gold hit $1,881.5 per troy […]