RBA raises interest rates, focus on Jerome Powell’s speech
The Reserve Bank of Australia (RBA) raised borrowing costs by 0.25%, in line with market analysts’ expectations. Economists suggest that Australia’s central bank is likely to follow up with another rate hike in March. Oil prices rose on Tuesday, helped by optimism over the recovery in demand from China, the largest crude importer in the […]
Nasdaq 100, Dow Jones, US Dollar, Gold, Jerome Powell, RBA
Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Global market sentiment ended on a cautious note at the end of last week. On Wall Street, the Nasdaq 100 and Dow Jones fell -1.59% and -0.38% Friday. Still, the former ended the period in the green. Across the Atlantic Ocean, the FTSE 100 and DAX […]
Gold prices rise as dip in $ makes bullion less expensive for buyers
By Ashitha Shivaprasad (Reuters) – Gold prices rose on Tuesday as a dip in the dollar made bullion less expensive for buyers holding other currencies, although trading was thin after the long Christmas weekend. Spot gold was up 0.6% at $1,807.69 per ounce, as of 0704 GMT. […]