9 articles
The US dollar strengthened near a two-week high following hawkish Federal Reserve comments, while oil prices rose nearly 2% due to reported US strikes on Iranian territory.
Spot gold fell 0.5% to $4,576.30 per ounce as traders awaited Federal Reserve Chair Warsh's Jackson Hole speech, with rate hike probabilities rising amid inflation concerns.
Asian shares turned cautious ahead of Federal Reserve Chair Warsh's speech, while oil prices faced weekly losses amid geopolitical developments and gold slipped in commodity markets.
The Federal Reserve held interest rates steady despite three dissenters, citing persistent inflation driven by geopolitical tensions raising energy costs. Policymakers await further economic data befo
Gold prices rose after the Federal Reserve held interest rates unchanged, as markets weighed inflation comments from Chairman Warsh. Meanwhile, a drone attack on an Egyptian gas storage tanker and bro
Copper prices fell more than 1% after Fed Chair Warsh signaled potential rate hikes, dampening metal demand sentiment. Meanwhile, a shipment blockade at Rio Tinto's Oyu Tolgoi mine has ended.
Markets await Fed Chair Warsh's debut while oil prices stabilize following potential U.S.-Iran sanctions relief, influencing inflation and rate projections.
Brent crude futures fell below $80 as U.S. sanctions on Iranian oil may be waived, boosting supply prospects. Investors also monitor Federal Reserve Chair Warsh's debut meeting while bond yields dip a
US Treasuries fell as oil prices exceeded $90 amid Strait of Hormuz tensions, overshadowing Fed Chair nominee Kevin Warsh's testimony on monetary policy independence.
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