IBT Staff Reporter

11281-11310 (out of 154954)

Gold Dips As Bond Yields Rise Before Fed Meeting

Gold prices fell on Monday as elevated U.S. Treasury yields pressured demand for zero-yield bullion, ahead of a widely expected big interest rate hike by the Federal Reserve to contain rising inflationary pressures.

Shanghai Lockdown Sends Chill Down Meat Trade

The protracted lockdown in Shanghai, China's financial hub, is slowing the nation's normally booming meat trade, with stringent COVID-19 measures causing logistics logjams across the food industry in a sign of the broadening disruptions to business.

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