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UVALDE, Texas — Relatives and friends of the victims of the Uvalde school shooting shouted “Coward! Gonzales and former school district police chief Pete Arredondo had been in the courtroom a few minutes earlier for the hearing. A Justice Department report said it was possible some children might have been saved had officers gone into the classroom earlier. Gonzales’ attorney had stopped to talk to the media. Gonzales’ attorney told reporters that investigative reports on the shooting by the Justice Department and the Texas House did not suggest prosecuting his client.
Persons: “ Coward, Coward, , Adrian Gonzales, Gonzales, Pete Arredondo, Gonzales ’, Brett Cross, Uziyah Garcia, Arredondo, Cross, , Uziyah, Cazares, Jesse Rizo, Rizo, ” Rizo, Torres ’, Ruben Torres, Christina Mitchell, Mitchell Organizations: Justice Department, Texas House, NBC News, Border Patrol, Judicial, Protection Locations: UVALDE, Texas, Uvalde’s, Arredondo
Three Israeli hostages, whose bodies were found last year in underground tunnels in Gaza, were likely killed in a military airstrike aimed at a Hamas commander, an investigation into their deaths concluded. The IDF said this was a "high probability" assessment but that it was "not possible to definitively determine" the cause of the three hostages' deaths. Both Beizer and Sherman were members of the Israeli military. Earlier this month, the IDF said it found the bodies of six hostages killed by Hamas and returned them to Israel. The IDF estimated that 101 hostages remain in Gaza.
Persons: Nik Beizer, Ron Sherman, Elia Toledano, Ahmed Ghandour, Sherman, Sherman’s, Benjamin Netanyahu, Netanyahu Organizations: Northern, Israel Defense Forces, IDF, Forensic Medicine Institute, NBC News Locations: Gaza, Israel
“It’s a huge turning point in our lives,” said Fischer, who was 6 when a gunman killed 20 first graders and six educators at Sandy Hook Elementary School on Dec. 14, 2012. Emma brown, giffords executive directorSince 2013, at least 122 people have been killed by gunfire in 64 planned school shootings, according to NBC News’ tracker. “We were told this would be what turns everything around,” said Emma Ehrens, 18, who was next to the Sandy Hook gunman as he shot her classmates. “It really breaks your heart a little bit more every time.”A memorial site along a road in Sandy Hook after the mass shooting at Sandy Hook Elementary School in Newtown, Conn., in 2012. Since Sandy Hook, states have passed more than 620 gun safety laws, Brown said.
Persons: Grace Fischer, Fischer, It’s, , Henry Terifay, Lilly Wasilnak, Matt Holden, Harris, Lawrence Jackson, Emma Brown, Giffords, Gabby Giffords —, ” Brown, Trump, Emma, giffords, Emma Ehrens, Sandy, Sandy Hook, Lisa Wiltse, Kamala Harris, , you’ve, ” Harris, Ella Seaver, Donald Trump, JD Vance, “ We’ve, they’re, ” Vance, Vance, Biden, JT Lewis, Jesse, ” Lewis, Brown, Joe Biden, Holden, ” Wasilnak Organizations: Sandy Hook Elementary, Sandy Hook Elementary School, White, Las, NBC News, Apalachee High, Johns Hopkins Center for Gun Violence Solutions, Getty, Republican, National Rifle Association, , Federal School Safety Commission, Safer Communities Locations: Sandy, Newtown , Connecticut, U.S, Newtown, Conn, Ohio, Phoenix
China’s Risky Power Play in the South China SeaChina’s coast guard ships have swarmed and collided with Philippine boats. A New FlashpointFor months, the latest target of China’s power play was a Philippine coast guard ship, the Teresa Magbanua. Philippine coast guard Chinese ships Noon, June 17 A group of Chinese ships moved to block the Philippine vessel. SECOND THOMAS SHOAL SABINA SHOAL A Chinese ship began tailing a Philippine ship around 8 a.m. More Chinese ships waited here. 6 p.m. SECOND THOMAS SHOAL SABINA SHOAL The Chinese ships followed the Philippine ship.
Persons: Teresa Magbanua, Sabina, Thomas, , Jay Batongbacal, Sabina Shoal, Hu Bo, Ferdinand R, Marcos Jr, Mr, Hu, Marcos, Manlia, Jan, Thomas Shoal, , Rommel Ong, Wu Yanan, Samuel Paparo, General, Lei Organizations: South China, Bank, University of the, Philippine Coast Guard, Coast Guard, Associated Press, Armed Forces, Facebook, Ateneo School of Government, Philippine Navy, Philippine, China Coast Guard, Reuters, THOMAS, SECOND, Strategic, International Studies, Pacific Command, Theater Command, United, Liberation Army’s Academy of Military Sciences, People’s Liberation Army Locations: South, Philippine, China, Philippines, United States, Chinese, Spratly, Scarborough Shoal, Vietnam, PHILIPPINES SPRATLY, Palawan, SPRATLY, PHILIPPINES Palawan, Sabina, Manila, Asia, University of the Philippines, South China, Beijing, Shoal, Palawan ., China’s, U.S, United
A special prosecutor announced Friday that Georgia Lt. Gov. Burt Jones will not be charged over efforts to overturn Donald Trump’s electoral defeat in the 2020 presidential election. Jones had denied wrongdoing in the case and blasted Willis in a statement Friday. Trump and more than a dozen other people were indicted in August 2023 on state felony charges in Georgia tied to efforts to overturn the 2020 election results. The case remains on hold over efforts to disqualify Willis in her role as prosecutor.
Persons: Burt Jones, Donald, Peter Skandalakis, Jones, Joe Biden, Mike Pence, ” Skandalakis, Fani Willis, Skandalakis, Willis, , ” Jones, Trump Organizations: Gov, , of, Trump, College, Atlanta Judicial, Attorney’s Office, Futon, Attorney’s Locations: Georgia, of Georgia, Fulton County
Chad McQueen, son of the legendary actor Steve McQueen who played “Dutch” in “The Karate Kid” film series, died Wednesday in Palm Springs. As a family, we need to navigate this difficult time, and we kindly ask for privacy as we remember and celebrate his extraordinary life.”McQueen is best known for his role as “Dutch” in “The Karate Kid” (1984) and its sequel, “The Karate Kid Part II” (1986). Following in his father’s footsteps, however, McQueen had a successful career in auto racing, his true passion. In 2006, McQueen suffered a near-fatal crash while practicing for the Daytona International Speedway’s Rolex 24 event. Though he eventually pulled through, the crash effectively ended his professional racing career, but he has remained involved in motorsports through his company and other ventures.
Persons: Chad McQueen, Steve McQueen, Jeanie, Chase, Madison, , ” McQueen, Kai, Johnny Lawrence, William “ Billy ” Zabka, Daniel LaRusso, Ralph Macchio, McQueen, Organizations: Dutch, Le, Sebring, McQueen, Rolex Locations: Palm Springs, New Jersey, Los Angeles, Malibu, Madison
Gold rallies to record high on U.S. rate-cut optimism
  + stars: | 2024-09-13 | by ( ) www.cnbc.com   time to read: +2 min
One kilogram gold bars are displayed for a photograph at the YLG Bullion International headquarters in Thailand on January 13, 2016. Gold prices soared to an all-time high on Friday as the dollar weakened amid prospects of a U.S. interest rate cut next week, while palladium has gained 15% so far this week. Spot gold was up 0.2% at $2,565 per ounce, as of 0258 GMT, after hitting a record high of $2,567.93 earlier in the session. The dollar fell to a one-week low, making gold less expensive for other currency holders. Palladium climbed 0.16% to $1,048.06 and was headed for the best week since Dec. 11, 2023, fueled by export curb concerns.
Persons: Bullion, Tim Waterer, Vladimir Putin Organizations: KCM, Monetary Fund, Fed, West Locations: Thailand, U.S, Moscow
A Minneapolis man was sentenced to more than three decades in prison for killing a transgender woman in November, though prosecutors said they couldn’t prove the crime was bias-motivated. “Savannah deserved safety.”Bible told police that he shot Williams following a sex act because he felt “suspicious” about her. “Across the country and in our community, hateful acts of violence against transgender people are on the rise. Kim Stillday, Williams’ mother, described her daughter as her best friend. “Savannah Ryan Williams was a beloved member of the trans and Two Spirit community, and she should be alive today,” Finke said, according to KARE.
Persons: Damarean, Savannah Ryan Williams, KARE, Mary Moriarty, “ Savannah, Williams, Moriarty, ” Moriarty, , Courtuni Mason, Savannah Williams, Ben Hovland, Kim Stillday, , Gabrielle Stillday, I’ll, ” Stillday, Kelly Stillday, ” KARE, ” Kelly Stillday, Leigh Finke, ” Finke Organizations: NBC, Williams Institute, UCLA School of Law, Human Rights, HRC, Minnesota Star Tribune, Minnesota Public Radio, state’s, Queer Caucus, Capitol Locations: Minneapolis, Hennepin County , Minnesota, Cuban, Savannah, ” Hennepin County, St, Paul, “ Savannah, ” Minnesota
The European Central Bank on Thursday delivered a quarter-point interest rate cut, marking its second reduction to the deposit rate this year. The widely anticipated move comes after a period of sluggish economic growth across the euro zone and cooling inflation, which fell back toward the central bank's 2% target in August. The ECB lowered its 2024 growth forecast to 0.8%, down slightly from an earlier projection of 0.9%, citing "weaker contribution from domestic demand over the next few quarters." For many market participants, the big question was not whether the ECB would cut rates in September — but whether the central bank will provide any clues as to what will follow. The ECB's meeting comes just days before the Federal Reserve appears poised to start its own rate-cutting cycle.
Organizations: European Central Bank, ECB, Federal
Dollar firm as inflation data douse bets for big Fed rate cut
  + stars: | 2024-09-12 | by ( ) www.cnbc.com   time to read: +3 min
The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week. The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week. Meanwhile, a quarter-point rate reduction from the European Central Bank is widely expected later on Thursday, with investors anxious for hints on how soon the monetary authority will cut again. Early on Wednesday, Bank of Japan board member Junko Nakagawa reinforced the central bank's tightening bias by saying low real rates leave room for further rate hikes. As a result, traders essentially priced out the chances of a 50-basis point rate cut on Sept. 18, paring the odds to 15% versus 85% probability for a 25-bp reduction.
Persons: Junko Nakagawa, Naoki Tamura, Tony Sycamore Organizations: Federal, European Central Bank, Bank of Japan, IG, ECB, Sterling, Swiss Locations: U.S
China begins anti-dumping probe into Canadian rapeseed
  + stars: | 2024-09-10 | by ( ) www.cnbc.com   time to read: +1 min
Cooking oils made from canola from Canada and soybeans are offered for sale at a grocery store on April 26, 2022 in Chicago, Illinois. China announced on Monday the start of a one-year anti-dumping investigation into imports of rapeseed from Canada, just weeks before Ottawa's 100% tariffs on Chinese-made electric vehicles and other products come into force. There has been growing trade tension between Beijing and the West in recent weeks after Canada, the United States and the European Union opted to impose tariffs on imports of electric vehicles from China. While noting that Canada adheres to "rules-based trade," Canadian Minister of Agriculture Lawrence MacAulay said the country's products meet the highest standards and its inspection systems are robust. Chinese President Xi Jinping met with Spanish Prime Minister Pedro Sanchez on Monday in a bid to avoid a broad trade war.
Persons: Agriculture Lawrence MacAulay, Xi Jinping, Pedro Sanchez Organizations: European Union, Agriculture, Spanish Locations: Canada, Chicago , Illinois, China, rapeseed, Beijing, United States
President Donald Trump and his first attorney general, Jeff Sessions, in Quantico, Va., on Dec. 15, 2017. “Please beware that this legal exposure extends to Lawyers, Political Operatives, Donors, Illegal Voters, & Corrupt Election Officials." Since leaving the Trump administration, Clark has argued that the attorney general should not be independent. Davis told NBC News that he does not expect he would fill the role of acting attorney general but that another Trump ally could. Donald Trump, left, and Attorney General William Barr at the White House on May 22, 2019.
Persons: Donald Trump, Trump, “ Trump, , Stephen Gillers, Mark Zuckerberg, Jeff Sessions, Evan Vucci, ” Trump, , Joe Biden, Kamala Harris, Nancy Pelosi, Anthony Fauci, Bill Gates, Jack Smith, Barack Obama, Liz Cheney, Richard Nixon’s, Robert Mueller, general’s, Jeffrey Clark, Jose Luis Magana, Clark, Russ Vought, , ” Clark, Mike Davis, Sen, Chuck Grassley, Neil Gorsuch, ” Davis, Hillary Clinton, George Soros, Davis, General Merrick Garland’s, Trump’s, Stephen Richer, ” Richer, Ilya Somin, Gene Hamilton, William Barr, Chip Somodevilla, Hamilton, ” Gillers, Zuckerberg Organizations: of Justice, New York University Law School, , and Drug Administration, Centers for Disease Control, WIN, Political, Illegal Voters, Democratic National Convention, Republican, Justice Department, White, White House, Democratic, Trump, Conservative Political, DOJ, , Supreme, Washington , D.C, NBC News, Trump DOJ, Capitol, D.C, FBI, George Mason University, Partisan, America, NYU Locations: Quantico, Va, Oxon Hill, Md, America, Iowa, Washington ,, Albany , Atlanta, New York City, Palm Beach, Phoenix, Fort Pierce , Florida, Lago, Maricopa County , Arizona
After last week's steep sell-off, oil prices suggest traders are pricing in a demand slowdown that is similar to a mild recession, according to a Morgan Stanley analysis. Crude oil futures have declined precipitously in September, with Brent and U.S. crude oil on Friday posting their worst weeks since October 2023. Morgan Stanley is forecasting a surplus of about 1 million barrels per day in 2025. Demand Morgan Stanley looked for similar patterns in the past 35 years of Brent oil price data. Over the past five U.S. recessions, these stockpiles built by 150 million to 220 million barrels.
Persons: Morgan Stanley, Morgan, Martijn, Brent Organizations: Brent Locations: U.S, Brent, OPEC, Canada, Brazil, Guyana
Hunter Biden pleaded guilty to all nine counts in his criminal tax case in Los Angeles federal court on Thursday afternoon, hours after jury selection was due to begin for a trial of the son of President Joe Biden. If the Alford plea had been accepted by U.S. District Judge Mark Scarsi, Biden would have been convicted of the charges. "Will Mr. Biden agree that that is the truth? Wise would like Mr. Biden to say, 'and in addition, I was a really bad person when I did this,' but that's not what the law requires." Scarsi said, "So we're going to take an open plea from Mr. Biden.
Persons: Hunter Biden, Joe Biden, Melissa Cohen, Biden, Alford, Mark Scarsi, David Weiss, Weiss, Abbe Lowell, Hunter, Lowell, Scarsi, Mr, Leo Wise, Wise, Will Mr Organizations: U.S, District, Department of Justice, Biden, Department Locations: Los Angeles , California, Los Angeles, Delaware
watch nowA National Football League team today is a $6.5 billion business. That is the average value of the NFL's 32 franchises, according to CNBC's Official 2024 NFL Team Valuations. Across the past 10 NFL teams to be sold, seven of the 10 outperform the S&P 500 on a percentage-gained basis in the period since the sale. Rising valuationsThe escalation in football team values is largely the result of the league's massive and growing media deals. The typical NFL team has an EBITDA margin of 19%.
Persons: Robert McNair, That's, Peacock, Taylor Swift, Allen J, Tampa Bay's Raymond James, Ryan Flournoy, Matt Hankins, Ron Jenkins, Rob Walton, Josh Harris, Jerry Jones, Jones Organizations: National Football League, Pro, Houston Texans, NFL, Texans, Super, Washington, Denver Broncos —, Miami Dolphins, Comcast, Disney, Paramount, Fox, YouTube, NFL Sunday, Amazon Prime, Thursday, Netflix, CNBC, ESPN, Chicago Bears, Minnesota Vikings, Soldier, Kansas City Chiefs, Los Angeles Times, Getty, Tampa, New England's Gillette, Lincoln Financial, Dolphins, Dallas Cowboys, Los Angeles Chargers, T, Denver Broncos, Tampa Bay Buccaneers, Cowboys, The Cowboys, Dallas Locations: U.S, Chicago, Green Bay ; Wisconsin, Buffalo , New York, New York, Los Angeles, Inglewood , California, Arlington , Texas
An inverted yield curve, in which the nearer-duration yield is higher, has signaled most recessions since World War II. However, a normalization of the curve does not necessary signal good times ahead. In fact, the curve usually does revert before a recession hits, meaning the U.S. could still be in for some rough economic waters ahead. Job openings had exceeded labor supply by more than 2 to 1 at one point, aggravating inflation that had been at its highest level in more than 40 years. That part of the curve is still steeply inverted, with the difference now at more than 1.3 percentage points.
Persons: Raphael Bostic, Quincy Krosby Organizations: CME Group, Atlanta Fed, LPL, Labor Department, Atlanta Federal Reserve Locations: Chicago, U.S
Trump Media ended the trading day at $16.98 per share, a 6% decline on the day. Trump Media shares on Wednesday closed below where they stood at the end of 2023, as the Truth Social maker's stock continued to slide ahead of the date when majority owner Donald Trump can begin selling his stake . The stock price has ricocheted since then, as traders and analysts increasingly viewed Trump Media as a meme stock and as its value rose and fell with the political fortunes of the Republican presidential nominee. A Trump Media spokesperson told CNBC in a statement, "Trump Media is rapidly building out our platform while maintaining a strong balance sheet." That upcoming deadline has stoked speculation about whether Trump will try to cash out his shares or hold on to his stake.
Persons: Donald Trump, Trump Organizations: Nasdaq, Trump, Trump Media, Republican, CNBC, Truth Social, Forbes
The Education Department is assuring schools and students that its financial aid process is under control, after a botched overhaul over the past year that some colleges say has dented incoming classes. Education Secretary Miguel Cardona has vowed that the FAFSA process is being improved after recent missteps. I want to close up [the] Department of Education, move education back to the states. In May, Cardona announced a “full-scale review” of the Federal Student Aid office that oversees FAFSA and promised “transformational changes” at the division. I’ve taken a college and career readiness class from my high school, but it all sounded really confusing,” she said.
Persons: Miguel Cardona, he’s, We’ve, miguel cardona, “ We’ve, ” Cardona, , Peter G ., NAICU, couldn’t, ” Mark Becker, Donald Trump, disburses Pell, ” Trump, Elon, Cardona, “ We’re, they’re, ” “, falloff, Beth Maglione, Hanalise Yarbrough, Kristi Childs, Kristi Childs Kristi Childs, Childs, Mason Yarbrough, , ” Childs, Hanalise, John Jay, she’s “, I’ve, who’s “ Organizations: Department, Education, Federal Student Aid, NBC News, National Association of Independent Colleges, Universities, Education Department, Association of Public, Grant Universities, Department of Education, Republican, Federal, Aid, College, Network, National Association of Student Financial, Madison, Northwest Mississippi Community College, John, John Jay College of Criminal Locations: U.S, DeSoto County , Mississippi, New York City
Twenty years ago, a case that gripped the world came to an end when Scott Peterson was convicted of killing his wife, Laci Peterson, and their unborn son. Scott Peterson, who has always maintained his innocence, was convicted of murder in 2004 and sentenced to death the next year. Netflix’s “American Murder: Laci Peterson” and Peacock’s “Face to Face with Scott Peterson” are docuseries that will once again delve into what has become one of the most notable true crime cases in American history. Who was Laci Peterson? Laci Peterson poses for a photo showing her baby bump in an undated photo.
Persons: Scott Peterson, Laci Peterson, Netflix’s, Scott Peterson ”, Laci, Scott Peterson’s, Conner, Sharon Rocha, Scott, Berkeley Marina, Rocha, , ” Rocha, Organizations: Prosecutors, Berkeley Marina, United Press International, NBC, Berkeley, Netflix Locations: California, Scott Peterson’s Modesto , California, NBC Bay
watch nowBy most accounts, the rollout of the new Free Application for Federal Student Aid, better known as FAFSA, was disastrous from the start. Even now, some college students don't know the status of their aid awards for the fall. "The Department's poor planning has led to a stunning failure: Some college students might not have financial aid dollars in their hands in time to start classes in the next few weeks," said Beth Maglione, interim president and CEO of the National Association of Student Financial Aid Administrators. Families 'are falling back on borrowing for college'For many families, financial aid is crucial when it comes to covering college costs, which have now crept into the six figures. The share of parents taking out federal parent PLUS loans to help cover the costs of their children's college education has also grown, other studies show.
Persons: Beth Maglione, Education Miguel Cardona, Mark Kantrowitz, , Kantrowitz, Sallie Mae's, Jennifer Berg, Sallie Mae, " Berg Organizations: Federal Student Aid, National Association of Student Financial, U.S . Department of Education, Education Department, Department, Education, Finance, Harvard, College
A Sports Agent Went Viral. He Isn’t Ready to Fade Away.
  + stars: | 2024-08-13 | by ( Eve Peyser | ) www.nytimes.com   time to read: +1 min
On a Friday morning in late July, the New York Giants were deep into training camp for the upcoming season, with dozens of athletes hoping to secure one of 52 spots on the team. Across the street, at MetLife Stadium, Sean Stellato swaggered through the largely empty corridors, totally at ease. Naturally, Mr. Stellato also wore a fedora — his signature accessory. It was big and crimson, made by the Italian company Borsalino, which, he said, manufactures “the Rolex of fedoras.”He walked up to the stands: Section 109, Row 36, Seat 20. The exact place he had been sitting on Dec. 11, 2023.
Persons: Sean Stellato swaggered, Stellato, Tommy DeVito, snakeskin Gucci loafers, Organizations: New York Giants, MetLife, Giants, Rolex, National Italian American Sports Hall of Fame
Students and their families, along with college financial aid administrators, hoped the 2025-26 school year would be a return to normalcy. Financial aid administrators continue to deal with problems even as the school year quickly approaches. But ultimately, financial aid advocates conceded that they'd rather have a delayed-yet-functional application than an on-time and glitchy one. There's not much applicants can do at this point to ease stress about the financial aid timeline. Still, Vasconcelos shares three tips for incoming or current college students as the upcoming financial aid cycle approaches.
Persons: they'd, Shannon Vasconcelos, It's, Vasconcelos, Vasoncelos, We've Organizations: of Education, Federal, Congressional, Bright Horizons, CNBC, didn't, Aid, Social
There's still plenty of top technology stocks to buy even as the market unease continues, according to Bank of America. Apple Services saw record revenue, leading Mohan to conclude there's plenty of upside ahead for Apple shares as new products debut in September. Apple shares are down about 3% this month. Meanwhile, Netflix shares are down almost 8% over the last month. Palantir "PLTR's dominant position in the AI-powered software market, differentiated end-to-end, ontology-powered & highly secure solutions and first mover advantages should support revenue growth and improving profits in the midterm.
Persons: Palantir, Wamsi Mohan, Tim Cook, Mohan, Jessica Reif Ehrlich, Reif Ehrlich, BofA, Uber, Justin Post, Post, he's bullish, Nvidia, Blackwell Organizations: Bank of America, CNBC, Netflix, Nvidia, Apple, Apple Intelligence, Apple Services, Post, Uber, intel, TAM Locations: Bank
Hunter Biden, son of President Joe Biden, makes a statement to the press outside the U.S. Capitol about testifying publicly to the House Oversight and Accountability Committee on Wednesday, Dec. 13, 2023. Prosecutors in the U.S. criminal tax case against Hunter Biden accused him of accepting payments from a Romanian businessman who sought to "influence U.S. government agencies" in connection with a criminal probe in Romania. ABC said the claim stems from Hunter Biden's work for Gabriel Popoviciu, a wealthy Romanian identified as "G.P." in the filing, and who prosecutors say hired Hunter Biden for legal work in late 2015 when Joe Biden was U.S. vice president. Lawyers for Hunter Biden did not immediately respond to requests for comment.
Persons: Hunter Biden, Joe Biden, Joe Biden's, Hunter Biden's, Gabriel Popoviciu, Popoviciu Organizations: U.S, Capitol, Prosecutors, U.S . Department of Justice, ABC, Reuters Locations: U.S, Romanian, Romania, Los Angeles
Gold buoyed by Fed rate-cut hopes, geopolitical concerns
  + stars: | 2024-08-07 | by ( ) www.cnbc.com   time to read: +2 min
An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices firmed on Wednesday on mounting bets of U.S. interest rate cuts in September and rising geopolitical tensions in the Middle East, with markets awaiting U.S. economic data for clues on the Federal Reserve's interest rate path. Spot gold rose 0.4% to $2,399.38 per ounce, as of 11:29 a.m. Bullion is considered a hedge against geopolitical and economic uncertainties and tends to thrive in a low interest rate environment. Meanwhile, China's central bank held back on buying gold for its reserves for a third straight month in July, official data showed on Wednesday.
Persons: Everett Millman, Bart Melek, they're, Millman Organizations: Co, Gainesville, TD Securities Locations: Bangkok, Thailand, U.S, Israel, China's, China
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