Gold prices rose on Thursday, as inflation worries intensified by the Ukraine war and mounting sanctions on Russia eclipsed pressure from the U.S.
Gold prices gained on Thursday as inflation worries coupled with the Ukraine crisis bolstered the bullion's appeal as an inflation hedge, but the U.S.
Gold prices rose on Thursday as concerns over rising costs and the Ukraine crisis bolstered its appeal as an inflation hedge and a safe haven, but the U.S.
Gold inched lower in range-bound trade on Thursday, as the dollar and yields gained after the U.S.
Investors are gauging whether comparatively quick balance sheet reduction by the Federal Reserve could perk up the flattening Treasury yield curve, which has been flashing warnings of a potential recession.
The proportion of Japanese households expecting prices to rise a year from now has hit a 14-year high, a central bank survey showed on Thursday, as inflationary pressures from rising raw material costs grew.
More than half of the European population support legalization of adult use of cannabis and around 30% of them are interested in purchasing it, according to polling data by industry consultants on Thursday.
Asian shares retreated on Thursday in line with a global selloff, as markets were spooked by more aggressive noises from U.S.
Stock indexes declined and benchmark U.S. Treasury yields rose on Thursday as investors digested hawkish signals from the Federal Reserve, and the U.S. dollar index was flat.
Some Asian central banks are shaking off their long-held reluctance to follow their global peers in lifting benchmark interest rates off historic lows, as the Ukraine war blows consumer prices well out of policymakers' comfort zones.
Bank of Japan board member Asahi Noguchi said on Thursday the central bank must maintain ultra-easy monetary policy, even as rising commodity costs are expected to accelerate inflation toward its elusive 2% target.
The benefits of a weak yen outweigh the demerits for Japan's export-oriented economy, central bank policymaker Asahi Noguchi said on Thursday, brushing aside the view the currency's recent decline would hurt the economy by boosting import costs.
Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supply still clouding the market outlook.
Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supplies still clouding the market outlook.
Oil prices fell $2 after rising earlier in the session on Thursday amid uncertainty that the eurozone will be able to effectively sanction Russian energy exports, and after consuming nations announced a huge release of oil from emergency reserves.
Oil prices slid after rising earlier in the session on Thursday amid uncertainty that the euro zone will be able to effectively sanction Russian energy exports, and after consuming nations announced a huge release of oil from emergency reserves.
Oil settled lower on Thursday, adding to weekly losses on uncertainty that the euro zone will be able to effectively sanction Russian energy exports and after consuming nations announced a huge release of oil from emergency reserves.
The dollar hovered near a two-year high against a basket of majors on Thursday and pushed commodity currencies further down from recent peaks, after meeting minutes showed the Federal Reserve preparing to move aggressively to head off inflation.
The dollar slipped from a near two-year high on Thursday, as investors digested hawkish signals from the Federal Reserve and wondered whether expected tightening moves in the future have already been priced in.
The U.S. dollar climbed to nearly two-year highs on Thursday, as investors digested hawkish signals from the Federal Reserve, but wondered whether the currency's value already reflected further tightening moves.
The West's punishment of Moscow over its invasion of Ukraine ramped up this week following the discovery of civilians shot dead at close range in the Ukrainian town of Bucha, seized from Russian forces.
U.S. farmers, on a trade tour in Cuba, said on Wednesday they would like to sell more wheat and other farm products to the impoverished Caribbean island as a global food crisis looms, but that Cold War-era restrictions continue to hamper new deals.
The Federal Reserve on Wednesday signaled it will likely start culling assets from its $9 trillion balance sheet at its meeting in early May and will do so at nearly twice the pace it did in its previous "quantitative tightening" exercise as it confronts inflation running at a four-decade high.
The Federal Reserve might have raised interest rates by half a percentage point last month to deal a more decisive blow to soaring inflation, but Russia's invasion of Ukraine gave policymakers cold feet, minutes of the U.S.
Federal Reserve officials in March "generally agreed" to cut up to $95 billion a month from the central bank's asset holdings as another tool in the fight against surging inflation, even as the war in Ukraine tempered the first U.S.
Canada will earmark C$15 billion ($12 billion) over five years for a Growth Fund to attract private investment in new and green technologies, a senior government source said on Wednesday, a day before this year's budget presentation.
With an election looming, Canada's province of Ontario is moving to rein in surging home prices with populist measures like a bigger foreign-buyer tax, but economists warn rising interest rates are likely to do most of the work.
The U.S. dollar's share of world currency reserves continues to ebb slowly - but reserve stashes are only one measure of its dominance of global finance, and there's no realistic scenario where that gets derailed any time soon.
The U.S. dollar's share of world currency reserves continues to ebb slowly - but reserve stashes are only one measure of its dominance of global finance, and there's no realistic scenario where that gets derailed any time soon.
The European Union must cut its heavy reliance on derivatives clearing in London in the same way as the bloc is ending its dependency on Russian energy due to the war in Ukraine, EU financial services chief Mairead McGuinness said on Wednesday.
