Gold Holds Near US$4,400 as Oil Surge Strengthens Fed Rate-Hike Case
Gold remained near US$4,400 as rising oil prices and stronger US economic data increased expectations of a Federal Reserve rate hike, offsetting safe-haven demand.
Trusted Insights. Asian Perspective.
Gold remained near US$4,400 as rising oil prices and stronger US economic data increased expectations of a Federal Reserve rate hike, offsetting safe-haven demand.
Wall Street heads into Wednesday with Apple, AI-related stocks and several earnings reports in focus as investors weigh rising oil prices, Treasury yields and inflation risks.
Concentrix has acquired CastleHill Managed Risk Solutions, adding governance, third-party risk and AI oversight capabilities to its enterprise services portfolio.
JPMorgan Chase has appointed its Asia-Pacific and European technology investment-banking leaders as co-heads of international technology investment banking, tightening coordination across two regions central to cross-border transactions.
Fiscal pressure, currency uncertainty and improving mining-sector economics are restoring gold’s appeal across defensive portfolios and selected equities.
Italy's vice-premier has proposed examining Spain's bank-tax model, but the levy’s design and fiscal impact remain subject to budget negotiations.
Deutsche Telekom, Orange, Vodafone and Telefonica are discussing a satellite-to-mobile consortium that could strengthen Europe’s communications sovereignty and challenge Starlink.
Tesla’s Cybercab is testing the boundaries of US vehicle regulation as the automaker expands its Robotaxi service with fully autonomous cars designed without steering wheels or pedals.
Gold remained near US$4,430 an ounce after a one per cent decline, as stronger US employment data lifted the prospect of a September interest-rate increase.
US payrolls rose by 162,000 in August, beating expectations as unemployment held at 4.1%, complicating the global outlook for interest rates and capital flows.