The #World_Gold_Council (#WGC) released its long-awaited Q1 2024 #Demand #Trends report, which aligned with views that central banks have sustained their #gold purchasing spree despite rising #prices. #Furthermore, the report showed that demand for gold bars and coins remains strong and pointed out a significant increase in open interest on both the #Shanghai_Futures #Exchange […]

  #USA_sellers of raw milk appear undeterred by #federal health warnings for consumers to avoid drinking unpasteurized milk in light of a bird flu outbreak that has affected dairy herds in nine states and sickened at least one dairy farm worker. Thirty of the 50 #USA #states permit the sale of raw milk, which accounts

  #Asian_stocks got off to a shaky start on Thursday after the #Federal_Reserve flagged delays to interest rate cuts, while the #dollar fell heavily on the #yen in what traders reckoned was Japanese intervention. #Oil fell sharply overnight as the prospect of cuts seemed more distant and after a surprise jump in U.S. stockpiles, with

  #USA_stocks closed mixed on Wednesday after the #Federa_Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured. The S&P 500 and the #Nasdaq ended lower while the #Dow_Jones Industrial Average notched a modest gain. The #Federal

  #yen gave up ground in early trade on Thursday, reversing direction after a sudden surge against the #dollar overnight that #traders and #analysts were quick to attribute to intervention by #Japanese authorities. #The_dollar was 0.9% higher at 155.98 #yen as of 0100 GMT, retracing about half of its late Wednesday surge from around 157.55

  #Oil_prices rose in #Asian_trade on Thursday, recovering from near two-month lows as a sharp drop in the dollar following a #Federal_Reserve meeting offered some relief to markets. But gains in crude were limited, as a recent spike in #usa_inventories and crude production pushed the notion that oil markets were not as tight as initially

  #USA_stock index futures rose in evening deals on Wednesday after a whipsaw session on #Wall_Street as #Federal_Reserve Chair #Jerome_Powell warned that interest rates will remain high for longer, but dismissed the prospect of a rate hike.  #Powell’s comments offered some relief to markets, which had fallen sharply in recent sessions amid growing concerns over