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☆ Safe-haven gold gains on renewed Fed cut bets
▼ + stars: | 2024-01-15 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged up on Monday, holding above the $2,050 level on safe-haven appeal from elevated tensions in the Middle East and on renewed bets for an early rate cut by the U.S. Federal Reserve. Spot gold was up 0.2% at $2,053.69 per ounce, as of 0435 GMT, after marking its biggest daily gain since Dec. 12 on Friday. Overall, traders are betting on 166 basis points (bps) of Fed rate cuts this year, higher than Friday morning's bets of 150 bps. According to Reuters technical analyst Wang Tao, spot gold may break resistance at $2,060 per ounce and rise into the $2,071-$2,079 range. Spot silver rose 0.4% to $23.25 per ounce, platinum climbed 0.8% to $913.07, and palladium gained 1.6% to $990.48.

Persons: Kyle Rodda, Wang Tao Organizations: U.S . Federal, Hamas, Traders Locations: Singapore, Israel, U.S, Yemen

☆ Ford could do 2 things to really shine in a challenging 2024 for the auto industry
▼ + stars: | 2024-01-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Underscoring our optimism, total hybrid sales last week came in strong for the fourth quarter and the year. They grew 55.5% for the quarter while EV sales rose 27.5%. With higher-margin hybrid sales topping the quarter and the year, the Maverick Hybrid was the best performer, with a 67% increase in 2023 sales from the year-ago period. Morgan Stanley and Wells Fargo analysts are taking a pretty pessimistic view of the auto industry in the year ahead. F 1Y mountain Ford 1 year Reflecting that apprehension, the late-2023 upswing in Ford stock has been reversing a bit in the new year.

Persons: Ford, Jim Farley, Jim Cramer, Morgan Stanley, Wells, Tesla, Wells Fargo, Jim Cramer's, Jim, Michael Nagle Organizations: Ford, ICE, General Motors, Federal Reserve, Management, CNBC, New York, Auto, Bloomberg, Getty Locations: New York, U.S

☆ CD and Savings Rates Today: Explore Today's Best Rates
▼ + stars: | 2024-01-14 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? See more savings account bonuses »Leading Checking & Savings Combo Account BonusSofi Checking and SavingsEarn up to a $300 bonus with qualifying direct deposits for eligible customers. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates. Products in this post: BrioDirect High-Yield Savings Account, Customers Bank High Yield Savings Account, UFB Secure Savings, CIT Bank Platinum Savings, TotalDirectBank 6 Month CD, Popular Bank CD, Valley Direct 3 Year Variable CD, BMO Alto 5 Year High Yield CD, CIBC Agility Online Savings Account, SoFi Checking and Savings, Mission Valley Bank 3 Month No Penalty CD

Persons: Banks, —, Cash, we've Organizations: Bank, Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations: —

☆ CD and Savings Rates Today: Earn More on Your Cash
▼ + stars: | 2024-01-12 | by ( Business Insider | ) www.businessinsider.com time to read: +6 min

With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? Leading High-Yield Savings Account RatesLeading CD RatesAbout High-Yield AccountsHigh-yield savings accounts aren't the only accounts paying favorable rates right now. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates. Products in this post: BrioDirect High-Yield Savings Account, Customers Bank High Yield Savings Account, UFB Secure Savings, CIT Bank Platinum Savings, TotalDirectBank 6 Month CD, Popular Bank CD, Valley Direct 3 Year Variable CD, BMO Alto 5 Year High Yield CD, CIBC Agility Online Savings Account, SoFi Checking and Savings, Mission Valley Bank 3 Month No Penalty CD

Persons: Banks, —, Cash, we've Organizations: Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations: —

☆ Gold slides on brewing concerns of U.S. rate cuts still far off
▼ + stars: | 2024-01-11 | by ( ) www.cnbc.com time to read: +2 min

Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Spot gold was down 0.1% at $2,024.99 per ounce, after rising as much as 0.8% before the data. The dollar index extended gains after data showed U.S. consumer prices rose more than expected in December, which could delay a much anticipated U.S. rate cut in March. Traders see a 67% probability of a rate cut in March, according to the CME FedWatch tool, compared with about a 71% chance seen before the report. Higher rates dim the appeal of gold, which pays no interest.

Persons: Gold, hawkish, Loretta Mester, Tom Barkin, Phillip Streible, Streible, Tai Wong, Silver Organizations: Aurum, Federal Reserve, Cleveland Fed, Richmond Fed, Blue, Traders Locations: Chicago, New York

☆ Gold subdued as traders gear up for US inflation print
▼ + stars: | 2024-01-10 | by ( ) www.cnbc.com time to read: +2 min

A worker handles an Argor-Heraeus SA one kilogram gold bar at Solar Capital Gold Zrt. Spot gold was down 0.3% at $2,023.48 per ounce. U.S. consumer inflation data is due on Thursday. Economists polled by Reuters see year-on-year inflation at 3.2% in December, but think core inflation likely fell to 3.8%, its lowest since mid-2021. "Still, bullion bulls would have no qualms restoring spot gold back above that psychologically important mark once markets get a firmer grasp on the Fed's policy pivot."

Persons: Bob Haberkorn, Michelle Bowman, denting, Han Tan Organizations: Heraeus SA, Solar, Reuters, New York Federal Reserve, Treasury, Exinity Locations: Budapest, Hungary, U.S

☆ A driver made over $110,000 from Uber and Lyft in 2022 but took home only $14,000. After 6 years on the job, he's working toward a degree and a new career.
▼ + stars: | 2024-01-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Michael, a ride-hailing driver in his late 30s, made more than $110,000 in gross earnings driving for Uber and Lyft in 2022. He said he'd noticed ride-hailing driving had become increasingly less profitable after more than 17,000 rides across six years. AdvertisementAmericans with disabilities are increasingly looking to gig work — particularly ride-hailing driving — to pay their bills and to find work schedules that fit their needs. But for drivers such as Michael, gig work is unsustainable, given all the associated costs that go into ride-hailing driving and the lack of benefits. AdvertisementHe switched to Uber full-time shortly after, driving in the nighttime as rides were most profitable and competition was sparse.

Persons: Michael, Uber, who's, he'd, He's, we're, —, wasn't, hasn't Organizations: Service, Business, Uber, New Jersey —, Arizona State University, Diamond Locations: New Jersey, New York City, New Jersey — New York, York, nsheidlower@businessinsider.com

☆ Gold retreats to three-week low ahead of U.S. inflation data
▼ + stars: | 2024-01-08 | by ( ) www.cnbc.com time to read: +2 min

Bars of gold are seen at Krastsvetmet, one of the world's largest producers of precious metals, in Moscow, January 31, 2023. Gold prices fell to a three-week low on Monday, pressured by elevated Treasury yields as expectations for an imminent Federal Reserve interest rate cut faded, with investors looking ahead to this week's U.S. inflation data for more clarity. Higher interest rates increase the opportunity cost of holding non-yielding bullion. The market currently sees a 69% chance of a rate cut at the Fed's March 19-20 policy meeting, according to the CME FedWatch Tool. "If and when a recession becomes apparent, the Fed can be expected to cut rates, likely weakening the dollar and benefiting the dollar gold price," Heraeus Metals said in a note.

Persons: Daniel Pavilonis, Heraeus Organizations: Treasury, Metals, Palladium, Heraeus Metals Locations: Moscow, U.S

☆ Gold posts weekly decline as dollar, yields climb
▼ + stars: | 2024-01-05 | by ( ) www.cnbc.com time to read: +2 min

Spot gold rose 0.1% to $2,044.21 per ounce after falling and then rising by about 1% earlier in the session. "First, the nonfarm payrolls data came in stronger than expected, due to which we saw some pressure applied to gold ... Both the U.S. dollar and 10-year Treasury yields hit their highest levels in three weeks, heading for their best weeks since July and October, respectively. On the physical front, gold buying in major consumer India rose this week, as domestic prices fell back from record highs. Palladium fell 0.9% to a three-week low of $1,027.11 in its ninth consecutive session of declines and was down 6.4% on the week.

Persons: David Meger, Saxo, Ole Hansen Organizations: Singapore Gold, Institute for Supply Management, High, U.S ., U.S . Federal Locations: Singapore, India

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Review: Wells Fargo Active Cash card reviewInk Business Cash® Credit CardBest for office supplies Ink Business Cash® Credit Card Apply now lock icon An icon in the shape of lock. The Capital One Venture X Rewards Credit Card is a premium travel credit card that earns 2 Capital One miles per dollar on most purchases. Excellent, Good, Fair Pros Check mark icon A check mark. Annual Fee $0 Intro APR N/A Regular APR 20.49% Variable Intro Offer N/A Recommended Credit Excellent Pros Check mark icon A check mark.

Persons: Chase, —, takeout, cardholders, Cash, you'll, American Express cardholders, Wells, you've, It's, You'll, doesn't, Amex Organizations: Business, Citi, Bank, Amazon.com, Foods, Chase Travel, Amazon, Visa, FDIC, Chase, PayPal, American Express, Express, Disney, ESPN, Wells, Ink, Capital, One, Air, Turkish Airlines, Wyndham, Wholefoods, Card, Citi Best, EV, Costco, Costco.com, Cash, Cashback, Amex, Dell Locations: U.S, Hulu, Wells, Air Canada

☆ The creation of a new high-entropy alloy is opening up possibilities in manufacturing, from 3D printing to paste-like inks
▼ + stars: | 2023-12-18 | by ( Sponsor Post | Created Tanaka With | ) www.businessinsider.com time to read: +4 min

Using micro-order uniform powder alloys with unprecedented chemical properties opens up new possibilities for manufacturing that have never been seen before, such as in 3D printing and the use of paste-like inks. A high-entropy alloy powder of precious metals can potentially be used as a raw material for automotive exhaust gas sensors, resistors, and water electrolysis catalysts. Creating new value through exhaustive studyTANAKA began working on high-entropy alloy powders in response to the world's rapid development. TANAKAHosoi noticed that high-entropy alloys have recently been attracting international attention, largely due to their potential for unprecedented properties. Click here for more information on high-entropy alloy powders.

Persons: Tanaka Kikinzoku Kogyo, TANAKA, Takuya Hosoi, Yoshie Kondo, Hosoi, TANAKA Hosoi, Hosai Organizations: Tanaka Kikinzoku Kogyo KK, Metals, Insider Locations: Japan

☆ CD and Savings Rates Today: Uncover Top Rates
▼ + stars: | 2023-12-05 | by ( Business Insider | ) www.businessinsider.com time to read: +8 min

With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? See more savings account bonuses »Leading Checking & Savings Combo Account BonusSofi Checking and SavingsEarn up to a $250 bonus with qualifying direct deposits for eligible customers through 12/31/2023. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. Certificates of DepositThe best CD rates may outpace any of the other accounts we've described above. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: Banks, —, Cash, we've Organizations: BMO Alto, Customers Bank, CIT Bank, Savings, Bank, Cash, Products, Secure Savings, Mission Valley Bank, Newtek, United States, Federal Credit Union, Technology Credit Locations: —

☆ Gold prices sprint to all-time peak on Fed rate-cut bets
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: +2 min

Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum. Gold prices bolted to an all-time high above $2,100 per ounce on Monday as Federal Reserve Chair Jerome Powell's remarks elevated traders' confidence that the U.S. central bank could cut interest rates early next year. Lower interest rates reduce the opportunity cost of holding a non-interest-bearing bullion. Investor focus now shift to U.S. non-farm payrolls data — a key employment report due on Friday, that could influence the outlook for U.S. interest rates. Spot silver rose 0.1% to $25.45 per ounce, palladium fell 0.4% to $929.93 per ounce, and platinum was down 0.1% at $999.35.

Persons: Jerome Powell's, Powell, we're, Tim Waterer, Waterer, CME's, Christopher Waller Organizations: Aurum, KCM Trade, Traders, U.S, Fed Locations: U.S

☆ 'Renaissance: A Film by Beyonce' tops box office
▼ + stars: | 2023-12-04 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +2 min

REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsDec 4 (Reuters) - "Renaissance: A Film by Beyonce" premiered at the top of the U.S. box office, raking in $21.8 million during the typically anemic first weekend of December, according to research firm Comscore. Beyonce Knowles' concert film marked the first time a movie crossed the $20 million mark on this weekend since the 2003 movie "The Last Samurai" starring Tom Cruise, Comscore said. Live Nation reported that the superstar’s 56-stop Renaissance World Tour earned more than $579 million worldwide - a hot ticket that economists say may have fanned inflation in Europe. In addition to the concert scenes, the film gave a rare glimpse at how Beyonce grapples with stardom and motherhood. Although "Renaissance's" box office fell short of Swift's $96 million opening weekend, Comscore's Dergarabedian said the result will likely be the same.

Persons: Beyonce, Mario Anzuoni, Beyonce Knowles, Tom Cruise, Comscore, Paul Dergarabedian, Taylor, Comscore's Dergarabedian, Dawn Chmielewski, Kat Stafford, Matthew Lewis Organizations: REUTERS, Labor, Thomson Locations: Los Angeles , California, U.S, New York

☆ CD and Savings Rates Today: Elevate Your Savings
▼ + stars: | 2023-12-04 | by ( Business Insider | ) www.businessinsider.com time to read: +8 min

With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? See more savings account bonuses »Leading Checking & Savings Combo Account BonusSofi Checking and SavingsEarn up to a $250 bonus with qualifying direct deposits for eligible customers through 12/31/2023. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. Certificates of DepositThe best CD rates may outpace any of the other accounts we've described above. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: Banks, —, Cash, we've Organizations: Limelight, Customers Bank, CIT Bank, Savings, Bank, Cash, Products, Secure Savings, Mission Valley Bank, Newtek, United States, Federal Credit Union, Technology Credit Locations: —

☆ CD and Savings Rates Today: Secure Top Rates
▼ + stars: | 2023-12-03 | by ( Business Insider | ) www.businessinsider.com time to read: +8 min

With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? See more savings account bonuses »Leading Checking & Savings Combo Account BonusSofi Checking and SavingsEarn up to a $250 bonus with qualifying direct deposits for eligible customers through 12/31/2023. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. Certificates of DepositThe best CD rates may outpace any of the other accounts we've described above. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

☆ CD and Savings Rates Today: Maximize Your Money
▼ + stars: | 2023-12-02 | by ( Business Insider | ) www.businessinsider.com time to read: +8 min

With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? See more savings account bonuses »Leading Checking & Savings Combo Account BonusSofi Checking and SavingsEarn up to a $250 bonus with qualifying direct deposits for eligible customers through 12/31/2023. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. Certificates of DepositThe best CD rates may outpace any of the other accounts we've described above. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

☆ Beyoncé ’s platinum ‘Renaissance’ look was triggering for some in the Black community. Here is why.
▼ + stars: | 2023-12-02 | by ( Nicquel Terry Ellis Cnn | ) edition.cnn.com time to read: +7 min

“Her music is unapologetically, boundlessly and globally Black,” Thomas said. In many cases, lighter skinned slaves were the product of sexual violence by White men against enslaved Black women. Lighter skinned Black women were often deemed “redbones,” a term that for some undermined their Black heritage by implying that the women were mixed non-Black ancestry. A 2023 survey by nonprofit Catalyst found women with darker skin tones were more likely to experience workplace racism than women with lighter skin. “I also get to be critical of Beyoncé,” Thomas said.

Persons: Queen Bey, “, Tina Knowles, ” Knowles, “ Brown, Geneva Thomas, ” Thomas, ”, JeffriAnne Wilder, Wilder, White, ” Wilder, Beyoncé, India Arie, ” Arie, Arie, ” Beyoncé, Kevin Mazur, Oscar, Octavia Spencer, Thomas, she’s Organizations: CNN, Los Angeles, Catalyst, University of Chicago Press, Tottenham Hotspur Stadium Locations: America, New York, Black America, London, England

☆ Gold eyes 3rd weekly gain as lower inflation cements Fed cut bets
▼ + stars: | 2023-12-01 | by ( Harshit Verma | ) www.reuters.com time to read: +2 min

Spot gold rose 0.3% at $2,042.58 per ounce by 0621 GMT on Friday, and is up about 2% for the week so far. The metal rose $60 in November in its second straight monthly gain. Data on Thursday showed U.S. consumer spending rose moderately in October, while the annual increase in inflation was the smallest in more than 2-1/2 years. "However, month-end flow may have also been a factor, and seasonality tends to favour gains for gold between November and December," City Index's Simpson added. Spot silver and platinum edged up 0.1% to $25.29 and $927.44 per ounce, respectively, while palladium rose 0.4% to $1,011.65.

Persons: Alexander Manzyuk, Powell, Matt Simpson, CME's, Index's Simpson, Hugo Pascal, Harshit Verma, Nivedita Bhattacharjee, Mrigank Organizations: REUTERS, Federal, Reuters, Federal Reserve, Traders, U.S, Thomson Locations: Novosibirsk, Siberian, Russia, U.S, Bengaluru

☆ Gold set for 3rd weekly gain as cooler data cements Fed cut bets
▼ + stars: | 2023-12-01 | by ( ) www.cnbc.com time to read: +2 min

Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Gold prices were set to mark a third straight weekly rise on Friday, after data showing cooling inflation cemented bets for a rate cut in the U.S., with traders looking forward to comments from Federal Reserve's Chair Powell later in the day. Spot gold rose 0.2% at $2,039.42 per ounce by 0427 GMT, after marking an over $60 rise in November — its second straight monthly rise. Data on Thursday showed U.S. consumer spending rose moderately in October, while the annual increase in inflation was the smallest in more than 2-1/2 years. "However, month-end flow may have also been a factor, and seasonality tends to favor gains for gold between November and December," City Index's Simpson added.

Persons: Powell, Matt Simpson, CME's, Index's Simpson, Hugo Pascal Organizations: Aurum, Traders, U.S Locations: U.S, InProved

☆ The Bank of America Preferred Rewards program can get you bonus credit card rewards, waived fees, and more — here's how to qualify
▼ + stars: | 2023-11-30 | by ( Holly Johnson | Tessa Campbell | Freelance Writer | ) www.businessinsider.com time to read: +38 min

Bank of America® Unlimited Cash Rewards Credit Card Apply now lock icon An icon in the shape of lock. Bank of America® Customized Cash Rewards Credit Card Apply now lock icon An icon in the shape of lock. Insider’s Take The Bank of America® Customized Cash Rewards Credit Card is worth considering if you're looking for a no-annual-fee cash-back credit card that lets you choose your highest rewards category. Bank of America® Customized Cash Rewards Credit Card review External link Arrow An arrow icon, indicating this redirects the user." How to earn more credit card rewards by joining Bank of America Preferred RewardsAt this point, you're probably wondering how much more you'll earn in rewards by becoming a Bank of America Preferred Rewards member.

Persons: you’ve, takeout, Wells, We're, Merrill, Susan G Organizations: Business Insider, Alaska Airlines Visa, Virgin Atlantic, Mastercard, Bank of America, of America, ® Wells, Chase, Bank of America's, Vehicle, Cable, Services, Bank of America Travel Center, TSA, Travel Insurance, Komen, Rewards Bank of America, Business, Mobile Banking, Cash, Travel, Merrill, Bank, America, Merrill Guided

☆ Gold holds ground ahead of U.S. inflation test
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: +2 min

A technician cleans impurities from melted gold bars at Primera Gold's laboratory in Bukavu, South Kivu Province, eastern Democratic Republic of Congo, May 12, 2023. Gold prices consolidated in a tight range on Thursday, hovering close to a near seven-month high, as investors awaited a key inflation print to gauge whether interest rate cuts in the U.S. would come sooner than expected. Spot gold was down 0.1% at $2,041.76 per ounce by 0543 GMT, after hitting its highest since May 5 on Wednesday, and was poised for its second straight monthly gain. U.S. gold futures for December delivery fell 0.2% to $2,042.40 per ounce. Spot silver fell 0.2% to $24.95 per ounce.

Persons: Bullion, Yeap Jun Rong, Jerome Powell Organizations: Primera Gold's, U.S, Federal, Traders Locations: Bukavu, South Kivu Province, Democratic Republic of Congo, U.S

Sibanye-Stillwater announced the layoffs Wednesday at the only platinum and palladium mines in the United States, near Nye, Montana, and other Sibanye-owned facilities in Montana, including a recycling operation. Another 187 contract workers — about 67% of the mining contract workers at the mine — will also be affected. Some contract work has been phased out over the past couple of months, said Heather McDowell, a vice president at Sibanye-Stillwater. Palladium prices have since fallen from a peak of about $3,000 an ounce in March 2022 to about $1,000 per ounce now. South Africa-based Sibanye bought the Stillwater mines in 2017 for $2.2 billion.

Persons: Heather McDowell, McDowell, Sibanye, Jason Small, Noah Dinger, Matthew Brown Organizations: Stillwater, of Labor, Forest Service, Mine, Montana AFL, Department of Labor, Industry, Associated Press Locations: Montana, Sibanye, United States, Nye , Montana, Stillwater, Nye, South Africa, Boulder, Falls , Idaho, Billings , Montana

Its 2022 annual report, filed on January 19, said the deal desk should review any deals greater than $500,000. SUSE sales growth was slowing at the time. Reuters could not determine if the deal was vetted by the deal desk nor how many deals have been going through the unit. SUSE and Reuters parent company, Thomson Reuters, are involved in litigation over the use of SUSE software products. SUSE claims that Thomson Reuters breached the terms that allegedly governed its use of SUSE software products.

Persons: SUSE, Reuters wasn't, EQT, Melissa Di Donato, Di Donato greenlighted, Di Donato, Eskom, BNY, BNY Mellon, Di, Christian Strenger, Di Donato's, Thomson, Karin Strohecker, Stefania Spezzati, Emma, Victoria Farr, Elisa Martinuzzi, Daniel Flynn Organizations: Microsoft, BMW, Sales, Reuters, Bank of New York Mellon, BNY Mellon, BNY, Corporate Governance Institute, Frankfurt School of Finance & Management, Thomson Reuters, Thomson Locations: Frankfurt

☆ Gold holds ground ahead of US inflation test
▼ + stars: | 2023-11-30 | by ( Harshit Verma | ) www.reuters.com time to read: +2 min

An employee casts ingots of 99.99 percent pure gold at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. Spot gold was flat at $2,044.30 per ounce by 0728 GMT, trading in a range of about $6. It hit its highest since May 5 on Wednesday, and was poised for its second straight monthly gain. U.S. gold futures for December delivery fell 0.1% to $2,045.40 per ounce. Reporting by Harshit Verma in Bengaluru; Editing by Rashmi Aich, Mrigank Dhaniwala and Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Alexander Manzyuk, Yeap Jun Rong, Jerome Powell, Harshit Verma, Rashmi Aich, Mrigank Dhaniwala, Sonia Cheema Organizations: REUTERS, PCE, U.S, Fed, Traders, Thomson Locations: Novosibirsk, Siberian, Russia, U.S, Bengaluru

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