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Yet April’s surprisingly strong U.S. inflation print spooked some, leading to a cautious run into the May numbers later on Thursday in case of another upside surprise. Ahead of both key events, market sentiment remained subdued with MSCI’s broadest gauge of global stocks flat at 715.77 points, just off a record high of 718.19 hit last week. U.S. stock futures pointed to a mixed open on Wall Street, with the S&P called flat and Nasdaq down 0.3%. Ankit Gheedia, BNP Paribas’ head of equity and derivative strategy for Europe, said he expected inflation to pick up “sharply” in the coming months. So we think there will be higher inflation during summer,” although stock volatility would likely remain low in the coming days, absent a shock on inflation.
Persons: April’s, Ankit Gheedia, Kit Juckes Organizations: Global, eyeing, Federal Reserve, European Central Bank, Nasdaq, BNP, , Morgan, Treasury, U.S, CPI, Reuters, , Generale, Brent Locations: eyeing U.S, COVID, Europe, Asia, Pacific, Japan, U.S, Treasuries, United States
LONDON/SYDNEY (Reuters) - Global shares hovered near a record high and the dollar also held steady on Thursday, eyeing U.S. inflation data for any sign the Federal Reserve could start tapering its massive stimulus. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 9, 2021. Yet April’s surprisingly strong U.S. inflation print spooked some, leading to a cautious run in to the May numbers later on Thursday in case of another upside surprise. Ahead of the U.S. CPI data, analysts polled by Reuters said they expected a rise of 0.4% in May, taking the annual pace to 3.4%. Activity was muted in the currency market with the dollar flat against a basket of major currencies.
Persons: April’s, , That’s, , Jim Reid Organizations: Global, eyeing, Federal Reserve, REUTERS, Staff, Deutsche Bank, Morgan, Treasury, U.S, CPI, Reuters, ANZ, Brent Locations: SYDNEY, eyeing U.S, Frankfurt, Germany, COVID, Europe, Asia, Pacific, Japan, U.S, Treasuries, United States
LONDON (Reuters) - World shares were rangebound and trading just off record highs on Monday as markets digested Friday’s disappointing U.S. jobs report and a global tax deal between the G7 group of countries, while also looking ahead to inflation data due this week. [.EU]MSCI’s All-Country World index, which tracks shares across 49 countries, traded just below record highs and was flat on the day by midday in London. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.05% and risked a fourth session of losses. While the 559,000 rise in May U.S. jobs missed forecasts it was still a relief after April’s shockingly weak report. “With a fiscal and monetary tailwind, a cyclical recovery in corporate revenue growth and margins appears likely looking ahead,” UBP’s Villamin said.
Persons: , Sebastien Galy, Norman Villamin, Villamin, April’s, Joe Biden’s, ” UBP’s Villamin, Brent Organizations: REUTERS, Staff, Nasdaq, Nordea Asset Management, , Nikkei, Electronics, Federal, European Central Bank Locations: Frankfurt, Germany, U.S, EU, London, UBP, Asia, Pacific, Japan, Taiwan
Investors were wary about how shares of major tech firms would react to the G7’s agreement on a minimum global corporate tax rate of at least 15%, although securing approval from the whole G20 could be a tall order. The early reaction was muted, with Nasdaq futures down 0.4% and S&P 500 futures down 0.2%. MSCI’s All-Country World index, which tracks shares across 49 countries, traded just below record highs and was flat on the day by midday in London. While the 559,000 rise in May U.S. jobs missed forecasts it was still a relief after April’s shockingly weak report. “With a fiscal and monetary tailwind, a cyclical recovery in corporate revenue growth and margins appears likely looking ahead,” UBP’s Villamin said.
Persons: , Sebastien Galy, Norman Villamin, Villamin, April’s, Joe Biden’s, ” UBP’s Villamin, Brent Organizations: Investors, Nasdaq, Nordea Asset Management, , Nikkei, Electronics, Federal, European Central Bank Locations: U.S, London, UBP, Asia, Pacific, Japan, Taiwan
GLOBAL MARKETS-Asia shares turn subdued ahead of U.S. inflation test
  + stars: | 2021-06-07 | by ( Wayne Cole | ) www.reuters.com + 0.00   time to read: +4 min
EUROSTOXX 50 futures and FTSE futures eased 0.1%. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2% and risked a fourth session of losses. Taiwan stocks lost 0.6% as a spike in COVID-19 cases hit three tech companies in northern Taiwan, including chip packager King Yuan Electronics. While the 559,000 rise in May U.S. jobs missed forecasts it was still a relief after April’s shockingly weak report. The pullback in the dollar helped gold steady at $1,885 an ounce, up from a low of $1,855 on Friday.
Persons: Joe Biden’s, April’s, , John Briggs, Briggs, Brent Organizations: U.S, CPI, ECB, SYDNEY, Investors, Nasdaq, FTSE, Nikkei, Electronics, Federal, NatWest Markets, European Central Bank Locations: Taiwan, China, Asia, Pacific, Japan, U.S,
Asia shares turn cautious ahead of U.S. inflation
  + stars: | 2021-06-07 | by ( Wayne Cole | ) www.reuters.com + 0.00   time to read: +3 min
SYDNEY (Reuters) - Asian shares turned lower on Monday as relief over the benign U.S. jobs report was chilled by caution ahead of key inflation data later this week, while a coronavirus outbreak in Taiwan took a toll on chip manufacturers. So far, the reaction was muted with both Nasdaq and S&P 500 futures down 0.2%. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.3% and risked a fourth session of losses. Chinese blue chips were off 0.3% ahead of data on exports and imports for May. The pullback in the dollar helped gold steady at $1,885 an ounce, up from a low of $1,855 on Friday.
Persons: Athit, Joe Biden’s, payrolls, April’s, , John Briggs, Briggs, Brent Organizations: SYDNEY, REUTERS, Nasdaq, FTSE, Nikkei, Electronics, NatWest Markets, European Central Bank Locations: Taiwan, Tokyo, Japan, Asia, Pacific, U.S,
LONDON (Reuters) - World shares were range bound on Monday as markets digested Friday’s disappointing U.S. jobs report and a global tax deal between the G7 group of countries, while also looking ahead to inflation data due this week. REUTERS/StaffInvestors were wary about how shares of major tech firms would react to the G7’s agreement on a minimum global corporate tax rate of at least 15%, although securing approval from the whole G20 could be a tall order. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.05% and risked a fourth session of losses. While the 559,000 rise in May U.S. jobs missed forecasts it was still a relief after April’s shockingly weak report. [O/R]Brent slipped 0.4% to $71.61 a barrel, while U.S. crude eased 0.4% to $69.31.
Persons: , Sebastien Galy, April’s, John Briggs, Briggs, Joe Biden’s, Brent Organizations: REUTERS, Staff, Nasdaq, Nordea Asset Management, Nikkei, Electronics, Federal, NatWest Markets, European Central Bank Locations: Frankfurt, Germany, U.S, China, EU, Asia, Pacific, Japan, Taiwan,
LIMA, Peru—Voters began casting ballots in a presidential election between two candidates on opposite ends of the political spectrum in a nation reeling from one of the world’s worst Covid-19 pandemics. About 25 million Peruvians are eligible to choose between Pedro Castillo, a teachers union activist who wants to ditch the country’s market economy, and Keiko Fujimori, an ex-congresswoman and head of a right-wing party based on the ideals of her father, former autocratic President Alberto Fujimori. Mr. Castillo will await the results at his rural home in the northern Andes, where he prayed with his family early Sunday. Ms. Fujimori will vote in Lima, her base of support. César Hildebrandt, a political analyst and columnist in Lima, worries about the survival of Peru’s democracy no matter who wins.
Persons: Pedro Castillo, Keiko Fujimori, Alberto Fujimori, Mr, Castillo, Ms, Fujimori, César Hildebrandt, , Organizations: Peru — Voters Locations: LIMA, Peru, Lima, Andes, April’s
Peru’s Presidential Election Turns Into Referendum on Free-Market Model
  + stars: | 2021-06-05 | by ( Ryan Dube | ) www.wsj.com sentiment -0.92   time to read: +2 min
LIMA, Peru—After 15 months contending with a brutal Covid-19 pandemic and sharply rising poverty, Peruvians on Sunday will choose between presidential candidates on opposite ends of the political spectrum and who have sharply different visions for Peru’s future. Candidate Pedro Castillo, a teachers union activist from a Marxist-inspired party, wants to scrap the country’s market economy that until several years ago had been one of Latin’s America’s biggest success stories. Keiko Fujimori is an ex-congresswoman and head of a right-wing party based on the ideals of her father, former autocratic President Alberto Fujimori, who overhauled the economy three decades ago. César Hildebrandt, a political analyst and columnist in Lima, worries about the survival of Peru’s democracy no matter who wins. Back then, anger at the political class led to the rise of a populist outsider, Mr. Fujimori.
Persons: Pedro Castillo, Keiko Fujimori, Alberto Fujimori, César Hildebrandt, , Fujimori Organizations: Sunday Locations: LIMA, Peru, Andes, April’s, Lima
Peru to Choose Far-Left Teacher or Right-Wing Politician as Next President
  + stars: | 2021-06-05 | by ( Ryan Dube | ) www.wsj.com sentiment -0.95   time to read: +2 min
LIMA, Peru—After 15 months contending with a brutal Covid-19 pandemic and sharply rising poverty, Peruvians on Sunday will choose between presidential candidates on opposite ends of the political spectrum who have sharply different visions for Peru’s future. Candidate Pedro Castillo, a teachers union activist from a Marxist-inspired party, wants to scrap the country’s market economy that until several years ago had been one of Latin’s America’s biggest success stories. The other candidate, Keiko Fujimori, is an ex-congresswoman and head of a right-wing party based on the ideals of her father, former autocratic President Alberto Fujimori, who overhauled the economy three decades ago. César Hildebrandt, a political analyst and columnist in Lima, worries about the survival of Peru’s democracy no matter who wins. Back then, anger at the political class led to the rise of a populist outsider, Mr. Fujimori.
Persons: Pedro Castillo, Keiko Fujimori, Alberto Fujimori, César Hildebrandt, , Fujimori Organizations: Sunday Locations: LIMA, Peru, Andes, April’s, Lima
Growth is being supported by vaccinations against COVID-19, massive fiscal stimulus and the Federal Reserve’s ultra-easy monetary policy stance. “There would have been many more hires if employers could find more people.”Nonfarm payrolls increased by 559,000 jobs last month. Data for April was revised higher to show payrolls rising by 278,000 jobs instead of 266,000 as previously reported. The unemployment rate fell to 5.8% from 6.1% in April. The jobless rate has been understated by people misclassifying themselves as being “employed but absent from work.” Without this problem, the unemployment rate would have been 6.1%.
Persons: April’s nonfarm, , Chris Low, Marty Walsh, jobseeking, Walsh, Amira Karaoud Stocks, Jerome Powell, Jim O’Sullivan, Charlie Ripley Organizations: WASHINGTON, Labor, COVID, Federal, FHN, Reuters, U.S . Centers for Disease Control, Government, REUTERS, Treasury, Fed, Securities, Manufacturing, Allianz Investment Management Locations: COVID, New York, America, Louisville, U.S
April’s nonfarm payrolls count, which delivered about a quarter of the new jobs economists had forecast, caused handwringing among some analysts and investors that growth was stagnating at a time when inflation was rising. “There would have been many more hires if employers could find more people.”Nonfarm payrolls increased by 559,000 jobs last month after rising 278,000 in April. That left employment about 7.6 million jobs below its peak in February 2020. Graphic: Net change in jobs since Feb. 2020 -WILLING WORKERS SCARCEBut labor shortages could remain a fixture. Graphic: Jobs by industry -The unemployment rate fell to 5.8% from 6.1% in April.
Persons: April’s nonfarm, , Chris Low, Marty Walsh, Walsh, ” Stocks, Amira Karaoud, Jerome Powell, Powell, Kevin Cummins Organizations: WASHINGTON, Labor, Federal, FHN, Reuters, Government, Treasury, Chamber of Commerce, REUTERS, Fed, NatWest Markets, Manufacturing Locations: COVID, New York, America, U.S, Louisville, Stamford , Connecticut
UPDATE 1-Sterling slips as U.S. data points to economic rebound
  + stars: | 2021-06-03 | by ( Lawrence White | ) www.reuters.com sentiment -0.99   time to read: +2 min
Investors had piled on bets against the dollar in recent months but have lately grown more cautious, wondering whether a surprisingly strong U.S. economic rebound threatened the theory that interest rates will stay low for a long time. Sterling fell 0.41% to $1.4110 following the stronger than expected U.S. private payrolls data, having touched a three-year high of $1.4250 earlier this week. April’s big miss on payrolls, when monthly hiring of 266,000 confounded expectations for 1 million, had left investors jumpy as to the strength of the U.S. recovery. Britain’s currency has been a top performer among its G10 peers this year, thanks to optimism around the country’s rapid vaccination programme and hopes its economy will therefore rebound quicker than some others. (Reporting by Lawrence White; Editing by Angus MacSwan and Mark Potter)
Persons: Sterling, April’s, jumpy, Boris Johnson, Lawrence White, Angus MacSwan, Mark Potter Organizations: Investors, Delta Locations: United States, India
UPDATE 2-Sterling slips as dollar buoyed by strong jobs data
  + stars: | 2021-06-03 | by ( Lawrence White | ) www.reuters.com sentiment -0.99   time to read: +2 min
Investors had piled on bets against the dollar in recent months but have lately grown more cautious, wondering whether a surprisingly strong U.S. economic rebound threatened the theory that interest rates will stay low for a long time. Sterling fell 0.43% to $1.4108 following the stronger than expected U.S. private payrolls data, having touched a three-year high of $1.4250 earlier this week, not far off its post-Brexit peak of $1.4307 in April 2018. April’s big miss on payrolls, when monthly hiring of 266,000 confounded expectations for 1 million, had left investors jumpy as to the strength of the U.S. recovery. Traders also awaited U.S. nonfarm payrolls report for May, due on Friday, which could set the tone at central bank meetings later this month. The government is mulling a delay to the June 21 date for the lifting of the remaining restrictions, according to media reports on Wednesday.
Persons: Sterling, April’s, jumpy, nonfarm, Boris Johnson Organizations: LONDON, Investors, Traders, Delta Locations: United States, India
In Japan, the Nikkei share average rose 0.4%, while Australian shares climbed to all-time highs as investors cheered stronger-than-expected economic growth data released on Wednesday. The MSCI world equity index, which tracks shares in 49 countries, was 0.1% down, below Tuesday’s record high. A weekly U.S. unemployment report and May private payrolls data on Thursday will be followed by the monthly jobs numbers on Friday. So far though, “increases in inflation expectations have coincided with equities performing well recently,” said Oliver Jones, senior markets analyst at Capital Economics. In the U.S., 10-year Treasury yield were also steady ahead of the U.S. economic data release.
Persons: Germany’s DAX, , Oliver Jones, ” Jones, Larry Fink, Patrick Harker, Christine Lagarde, Brent Organizations: CAC, PMI, Nikkei, Capital Economics, , , Investment, BlackRock, Philadelphia Fed Bank, Treasury, European Central Bank, Wednesday Locations: Europe, U.S, April’s, Asia, Pacific, Japan, COVID, United States, China, Australia
LONDON (Reuters) -Euro zone business activity surged in May as the easing of some coronavirus related restrictions injected life into the bloc’s dominant services industry, a survey showed, echoing data on Tuesday which showed factories had their best month on record. “The euro zone composite and services PMIs for May came out in line with expectations and continue to show that confidence is high,” said Neil Birrell, chief investment officer at Premier Miton. [ECILT/EU]ECB chief Christine Lagarde said on Wednesday the Bank would support the euro zone “well into” its recovery from a pandemic-induced double dip recession. French business activity surged as an easing of the coronavirus lockdown fired up the service industry while in Spain the service sector expanded at the fastest pace since 2015. The services business expectations index rose to 71.2 from 68.4, its highest since January 2004.
Persons: Fiori, Yara, , Neil Birrell, Christine Lagarde, bode, Jack Allen, Reynolds Organizations: Campo de, REUTERS, Premier Miton, ECB, European Central Bank, European Union, Capital Economics Locations: Campo, Lazio, Rome, Italy, April’s, EU, Spain, Britain
WASHINGTON (Reuters) - Global equities markets were little changed on Thursday after stepping back from near-record levels earlier in the week, as investors studied strong U.S. data reports for economic recovery and inflation signals. Gold slid more than 2% as a strengthening labor market helped propel the dollar higher and boosted expectations that the strong economic readings may reignite taper talk from the Federal Reserve. The strong data could force the Federal Reserve to pare back its crisis support sooner than expected, despite central bank officials’ reassurances to the contrary. The MSCI world equity index, which tracks shares in 50 countries, fell 3.85 points or 0.54 percent, to 704.54. So far though, “increases in inflation expectations have coincided with equities performing well recently,” said Oliver Jones, senior markets analyst at Capital Economics.
Persons: Joe Biden, Gold, pare, ’ reassurances, , Oliver Jones, ” Jones Organizations: WASHINGTON, Global, London Stock Exchange, REUTERS, Neil Hall U.S, Federal Reserve, Federal, Dow Jones, Nasdaq, PMI, Capital Economics, , Locations: London, Britain, April’s, COVID
BEIJING (Reuters) -China’s factory activity growth slowed slightly in May as raw materials costs grew at their fastest pace in over a decade, weighing on the output of small and export-oriented firms. A sub-index for raw material costs in the official PMI stood at 72.8 in May, up from April’s 66.9 and hitting the highest level since 2010. Some are able to pass on the higher costs to overseas customers, while some small firms are stopping taking orders to avoid losses. A sub-index for the activity of small firms stood at 48.8 in May, sharply down from April’s 50.8. Policymakers have pledged to support job-creating small firms that were hit harder by the coronavirus pandemic.
Persons: Iris Pang, , Louis Kuijs Organizations: REUTERS, National Bureau of Statistics, PMI, Greater China, ING, Oxford Economics, Citi, Communist Party Locations: BEIJING, Hangzhou, Zhejiang province, China, Greater, United States, Europe, China’s Guangdong, Asia, April’s
BEIJING (Reuters) -China’s factory activity slowed slightly in May as raw materials costs grew at their fastest pace in over a decade, weighing on the output of small and export-oriented firms. The official PMI, which largely focuses on big and state-owned firms, has stood above the 50-point mark that separates growth from contraction for over a year. A sub-index for raw material costs in the official PMI stood at 72.8 in May, up from April’s 66.9 and hitting the highest level since 2010. Some are able to pass on the higher costs to overseas customers, while some small firms are stopping taking orders to avoid losses. A sub-index for the activity of small firms stood at 48.8 in May, sharply down from April’s 50.8.
Persons: Iris Pang, , Louis Kuijs Organizations: REUTERS, National Bureau of Statistics, PMI, Greater China, ING, Oxford Economics Locations: BEIJING, Hangzhou, Zhejiang province, China, Greater, United States, Europe, Guangdong, Asia, April’s
Euro zone business growth hits three-year high but ECB cautious
  + stars: | 2021-05-21 | by ( Jonathan Cable | ) www.reuters.com + 0.00   time to read: +5 min
LONDON (Reuters) -Euro zone business growth accelerated at its fastest pace in over three years in May, a survey showed on Friday, but European Central Bank President Christine Lagarde said an uncertain recovery still needed emergency support from the ECB. “We don’t think today’s euro area PMI data will cause the ECB to taper the PEPP next month,” said George Buckley at Nomura. The new business index - which has been below 50 almost throughout the pandemic - soared to 56.7 from 49.7, its highest since January 2018. Its flash PMI dipped from April’s record high of 62.9 to 62.8 but was ahead of the 62.5 Reuters poll estimate. An index measuring output that feeds into the composite PMI dropped to 61.9 from 63.2.
Persons: Christine Lagarde, Sarah Meyssonnier, it’s, ” Lagarde, , Paschal Donohoe, , George Buckley, Nomura, Jessica Hinds, Bert Colijn Organizations: European Central Bank, REUTERS, ECB, April’s, Reuters, PMI, Capital Economics, European Union, ING, IHS Locations: Paris, France, Germany, Europe’s
World stocks steady after flip-flopping week
  + stars: | 2021-05-21 | by ( Carolyn Cohn | ) www.reuters.com + 0.00   time to read: +3 min
LONDON (Reuters) - World stocks steadied on Friday after a volatile week, taking their lead from a stronger Wall Street as U.S. data tempered inflation fears, while the dollar approached three-month lows on reduced bets of early Federal Reserve rate hikes. REUTERS/Issei KatoInflation worries have spooked markets after recent data, and Fed minutes on Wednesday suggested a possible change in policy towards tapering bond purchases. Futures pointed to a further 0.25% rise for the S&P 500 at the open, following a more than 1% rise on Thursday. European stocks rose 0.22%, though UK stocks dipped 0.16%. Both contracts are down nearly 5% this week and on track to post their biggest weekly loss since March.
Persons: Issei Kato, , , Giles Coghlan, Brent Organizations: REUTERS, Philadelphia Federal Reserve Bank, HYCM, Nasdaq, Dow Jones, IHS, April’s, Texas Locations: Tokyo, Japan, U.S, Asia, Pacific, Iran
Overall output growth over the past three months was the highest since December 2018 and represented the first material growth in almost two years, the CBI said. Other surveys of manufacturers, such as the monthly Purchasing Managers’ Index, have also pointed to strong growth. However, the pandemic is still having a knock-on impact on global supply chains, with shortages of everything from micro-chips to building supplies. Last month carmaker Jaguar Land Rover temporarily stopped production at two factories in Britain due to a lack of semi-conductors. “Firms are still feeling the chill as supply shortages fuel cost pressures, reflected in expectations for strong output price inflation in the coming quarter,” CBI economist Anna Leach said.
Persons: ” Samuel Tombs, Tombs, Anna Leach, David Milliken, William Schomberg Organizations: CBI, Pantheon, Export, PMI, Land Rover, Locations: British, Britain, April’s
UK factories boom but bottlenecks pushing up prices - CBI
  + stars: | 2021-05-20 | by ( David Milliken | ) www.reuters.com sentiment -0.92   time to read: +2 min
FILE PHOTO: A woman exercises with a dog near the City of London financial district, in London, Britain, April 30, 2021. Overall output growth over the past three months was the highest since December 2018 and represented the first material growth in almost two years, the CBI said. Other surveys of manufacturers, such as the monthly Purchasing Managers’ Index, have also pointed to strong growth. Last month carmaker Jaguar Land Rover temporarily stopped production at two factories in Britain due to a lack of semi-conductors. “Firms are still feeling the chill as supply shortages fuel cost pressures, reflected in expectations for strong output price inflation in the coming quarter,” CBI economist Anna Leach said.
Persons: John Sibley, ” Samuel Tombs, Tombs, Anna Leach Organizations: REUTERS, CBI, Pantheon, Export, PMI, Land Rover, Locations: City, London, Britain, British, April’s
FILE PHOTO: An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas PeterFew believe the bull run that broader U.S. stock markets have experienced over the past year is set for a reversal. Wednesday’s selloff zeroed in on many of the assets that rallied the most over the last year. The Russell 1000 Value index, for instance, is up 15% for the year to date, while the Russell 1000 Growth index is up 2.6%. “It’s very difficult to see a situation where value continues to outperform growth by the same extent through 2022,” he said.
Persons: Thomas Peter Few, , David Mazza, Bitcoin, April’s, Kathy Bostjancic, Jackson, Brian Jacobsen, Mazza Organizations: YORK, REUTERS, , Energy, Federal, Oxford Economics, ” Fed, Asset, Wells, Wells Fargo Asset Management, BoFA Global, BlackRock Inc, Russell Locations: cryptocurrencies, Beijing, China, Wells Fargo, Direxion
PRECIOUS-Gold falls ahead of U.S. inflation data on firm yields, dollar
  + stars: | 2021-05-12 | by ( Shreyansi Singh | ) www.reuters.com sentiment -1.00   time to read: +2 min
Spot gold was down 0.6% at $1,826.89 per ounce by 0313 GMT. The dollar index was up 0.3%, making gold less appealing for other currency holders. The U.S. consumer price data due at 1230 GMT is keenly awaited by market participants to gauge inflationary pressure. Benchmark U.S. 10-year Treasury yields scaled a more than one-week peak, increasing the opportunity cost of holding gold. Some investors view gold as a hedge against higher inflation that could follow stimulus measures, but higher Treasury yields have weighed on non-yielding bullion’s appeal this year.
Persons: , Margaret Yang, grappled, April’s, Shreyansi Singh, Rashmi Aich, Subhranshu Sahu Organizations: U.S, Treasury, Benchmark Locations: U.S, Bengaluru
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