Gold prices saw a slight uptick in Asian trading on Monday but remained within a narrow range due to pressure from a stronger dollar and anticipation of key U.S. inflation data later this week. The precious metal has mostly hovered around the low $2,300 an ounce mark for about two weeks, with traders

  Chinese technology firm ByteDance is collaborating with U.S. chipmaker Broadcom Inc (NASDAQ) to develop a sophisticated artificial intelligence processor, as reported by Reuters on Monday. This initiative aims to ensure a reliable supply of AI chips for ByteDance, particularly in light of stringent U.S. export restrictions on chips to China. The planned 5-nanometer chip

  Most Asian Currencies Struggle as Dollar Holds Near Two-Month Highs Asian currencies faced pressure on Monday as the dollar remained close to two-month highs. The Japanese yen’s weakness raised concerns about potential intervention by Tokyo, adding to the overall cautious sentiment. Trade War Fears and Strong U.S. Data Weigh on Markets Investor sentiment in

    Most Asian Stocks Decline on Monday Amid Trade War Fears and U.S. Inflation Data Anticipation Most Asian stock markets fell on Monday, with Chinese markets experiencing significant losses due to the potential for a trade war with the European Union. Additionally, anticipation of key U.S. inflation data kept investor sentiment cautious. Regional markets

U.S. stock futures were only marginally above zero on Wednesday, as traders adopted a cautious stance ahead of a day packed with potentially market-shifting events. The Federal Reserve is set to reveal its updated forecasts for interest rates for the rest of 2024 and beyond. However, these projections could be shaped by the results of

Colombian Congress Approves $17.6 Billion Debt Ceiling Increase The lower house and Senate committees of the Colombian Congress approved a request from President Gustavo Petro’s leftist government to increase the country’s debt ceiling to $17.6 billion. The move is aimed at financing development plans and meeting payment obligations. The votes come amid warnings from analysts

U.S. stocks were mostly higher Monday, as technology started the week on front foot just ahead of the Federal Reserve interest rate decision and inflation data due this week.  At 13:25 ET (17:25 GMT), Dow Jones Industrial Average fell 30 points, or 0.1%, S&P 500 dropped rose 0.1%, and NASDAQ Composite added 0.3%. Apple slips as annual developer conference gets underway; Nvidia