Wall St inches higher as investors focus on Fed minutes
Wall Street\’s main indexes edged up on Wednesday, a day after their worst performance of the year, as investors awaited minutes from the Federal Reserve\’s policy meeting. The minutes are expected to detail the debate at the central bank about the rate hike path, with some members expecting inflation to reach 2% this year. Money […]
Gold tiptoes higher as investors focus on Fed minutes
Gold prices rose marginally on Wednesday, as investors awaited minutes of the US Federal Reserve’s latest policy meeting to assess prospects of further interest rate hikes. Spot gold was up 0.1% at $1,835.40 per ounce, as of 0334 GMT. US gold futures firmed 0.1% to $1,845.10. Bullion is seen as a hedge against inflation, but […]
China’s yuan eases to 7-week low as US rates seen higher for longer
Hong Kong: China’s yuan weakened to a seven-week low on Wednesday, weighed down by a buoyant dollar after an unexpected rebound in US business activities fuelled expectations that the Federal Reserve will keep interest rates higher for longer. With an absence of Chinese policy updates and economic data this week, the yuan’s movement has been […]