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☆ The Amex Platinum gets you automatic elite status at Marriott and Hilton — here's what that unlocks at thousands of hotels around the world
▼ + stars: | 2023-07-14 | by ( David E. Slotnick | Sarah Silbert | Senior Reporter | ) www.businessinsider.com time to read: +15 min

Amex Platinum; InsiderIf you have The Platinum Card® from American Express , you can get complimentary Gold elite status with both Hilton and Marriott**. Without the Amex Platinum Card, you'd generally need to spend at least 25 nights in Marriott hotels to earn Gold status in the Bonvoy program, or a whopping 40 nights in Hilton hotels to earn Hilton Honors Gold status. Here's how Marriott and Hilton Gold elite status with the Amex Platinum card works. Marriott Gold Elite Status BenefitsHere's what you can get with Marriott Bonvoy Gold status from your Amex Platinum Card. Hilton Gold status comes with a handful of extremely valuable perks, of which I'm definitely a fan.

Persons: Hilton, We're, Uber, Peacock, Uber Cash, you'll, You'll, I'm, — Hilton Organizations: Marriott Bonvoy, Hilton, American Express, Marriott, Service, American, Express, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, Credit, TSA, Global, Saks Fifth, Reading Chevron, Hilton Gold, Marriott Gold, Hilton Honors American, Hilton Honors, Card, Hilton loyalists Locations: Wall, Silicon, Marriott, Hilton, Hulu

☆ Gold scales 1-month peak as dollar, yields drop on rate-hike pause hopes
▼ + stars: | 2023-07-13 | by ( ) www.cnbc.com time to read: +2 min

Gold prices hovered near 1-month highs on Thursday as the dollar and Treasury yields fell on expectations the U.S. Federal Reserve could end its rate-hike cycle soon. Spot gold was up 0.1% at $1,958.16 per ounce by 11:50 a.m. EDT (1550 GMT), after hitting its highest since June 16. U.S. gold futures rose 0.2% to $1,964.60. "After yesterday's data, we saw a strong rally in the gold market. This comes a day after data showed that U.S. consumer prices rose modestly in June, registering their smallest annual increase in more than two years.

Persons: Phillip Streible, Commerzbank Organizations: Aurum, Treasury, . Federal, Blue, Federal, Market Locations: Chicago

☆ Gold near one-month high on hopes of Fed nearing end of rate hikes
▼ + stars: | 2023-07-13 | by ( Arundhati Sarkar | ) www.reuters.com time to read: +2 min

Spot gold was up 0.1% to $1,959.79 per ounce by 0241 GMT, hitting its highest since June 16. Therefore, a lot of focus remains on the central bank's next rate-setting meeting, which could dictate near-term gold prices, said Brian Lan of Singapore dealer GoldSilver Central. Recent hawkish comments from policymakers have weighed on gold, with bullion down more than $100 since its May highs. Among other precious metals, spot silver rose 0.3% to $24.2163 per ounce and palladium advanced 0.7% to $1,292.19. Reporting by Arundhati Sarkar in Bengaluru; Editing by Rashmi Aich and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

Persons: Silver, Brian Lan, Lan, Price, Arundhati Sarkar, Rashmi Aich, Sohini Organizations: Federal Reserve, GoldSilver, Thomson Locations: Brian Lan of Singapore, Bengaluru

Unlike Prime Day, where you must be an Amazon Prime member, anyone can take advantage of Walmart Plus Week. To compare the Walmart Plus Week deals to Amazon, visit our best Prime Day deals live blog. Walmart is holding a competing Prime Day sale called Walmart Plus Week. Do I need a Walmart Plus subscription to get Walmart Plus Week deals? Walmart Plus Week started with early access deals for Walmart Plus members on July 10.

Persons: Price Dyson, Dyson, Price, Opal Organizations: Walmart, Amazon, Glide, Price Samsung Galaxy, Samsung Galaxy, Android, Price GE, Deal, Monitor, Amazon Prime

SummaryCompanies Dollar down 0.3%, at lowest since May 11Inflation data expected at 1230 GMTJuly 12 (Reuters) - Gold prices rose on Wednesday after the dollar and bond yields retreated as investors awaited U.S. inflation data that could offer more cues on the Federal Reserve's rate-hike policy path. Making gold cheaper for holders of other currencies, the dollar index (.DXY) fell 0.3% to its lowest level since May 11. "There has been some renewed confidence in gold prices lately, given the broad expectations for the upcoming U.S. CPI to reflect further moderation in pricing pressures," said Yeap Jun Rong, market strategist at IG. Economists polled by Reuters expect June core inflation rate to have dropped to 5% from 5.3%, still significantly above the Fed's 2% target. In the wider base metals market, prices rose, supported by a weaker dollar, although a gloomy demand outlook loomed over the market.

Persons: Jun Rong, Barot, Seher, Sherry Jacob, Phillips, Sohini Organizations: Treasury, CPI, IG, Reuters, Metals, Thomson Locations: Bengaluru

☆ Auto industry braces for contentious contract talks as UAW formally kicks off bargaining
▼ + stars: | 2023-07-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

Rebecca Cook | ReutersDETROIT — United Auto Workers President Shawn Fain promised union members he'd do things differently during contract talks with the Detroit automakers this year. Playing hard ball"We're in the process of changing the culture of this union from a reactionary, defensive union, to an aggressive and offensive-minded union," Fain said last month during a Facebook livestream. The deals cover roughly 150,000 UAW members who work for the automakers. United Auto Workers members on strike picket outside General Motors' Detroit-Hamtramck Assembly plant in Detroit, Sept. 25, 2019. "The federal government is pouring billions into the electric vehicle transition, with no strings attached and no commitment to workers," Fain said earlier this year.

Persons: Shawn Fain, Rebecca Cook, he'd, Fain, Gary Jones, Bill Ford, Ford Fain, —, Jim Farley, Chuck Browning, We've, … We're, Joe Biden, John Murphy, Stellantis, Reuters Stellantis, What's, Michael Wayland, BofA's Murphy, Steve Fecht Organizations: Reuters DETROIT — United Auto Workers, Detroit, UAW, Motors, Ford Motor, Ford, Headquarters, Facebook, " Bank of America Securities, General Motors, BofA Securities, GM, Fiat Chrysler, Fiat Chrysler Automobiles, FCA Sterling Heights Assembly, Reuters, United Auto, United Auto Workers, Hamtramck Assembly, CNBC, Center for Automotive Research, Deere, Co, Caterpillar, Ultium Cells, LG Energy, Tech Center Locations: Detroit, Illinois, Stellantis, Sterling Heights , Michigan, Hamtramck, Lordstown , Ohio, Warren , Michigan

☆ Gold rises on softer dollar, yields ahead of U.S. inflation data
▼ + stars: | 2023-07-12 | by ( ) www.cnbc.com time to read: +2 min

Gold prices rose on Wednesday after the dollar and bond yields retreated as investors awaited U.S. inflation data that could offer more cues on the Federal Reserve's rate-hike policy path. Spot gold rose 0.4% to $1,939.43 per ounce by 0518 GMT, its highest since June 20. U.S. gold futures rose 0.4% to $1,944.90. Economists polled by Reuters expect June core inflation rate to have dropped to 5% from 5.3%, still significantly above the Fed's 2% target. In the wider base metals market, prices rose, supported by a weaker dollar, although a gloomy demand outlook loomed over the market.

Persons: Jun Rong, Barot Organizations: Pro Aurum, Treasury, CPI, IG, Reuters, Metals Focus, greenback

Below, you'll find our live coverage of all of the best Prime Day deals on sought-after gaming laptops, PCs, consoles, SSDs, headsets, and more. Amazon gaming deal quick links:Prime Day gaming laptop dealsDeal icon An icon in the shape of a lightning bolt. $999.00 from Walmart Originally $1,649.00 Save 39%Prime Day gaming PC dealsDeal icon An icon in the shape of a lightning bolt. $1,029.99 from Amazon Originally $1,079.99 Save 5%Prime Day SSD dealsDeal icon An icon in the shape of a lightning bolt. $469.99 from Amazon Originally $599.99 Save 22%Prime Day Nintendo Switch dealsDeal icon An icon in the shape of a lightning bolt.

Persons: That's, they're, Price, 4TB, it’s, it's, It's, we've, Price Razer, SteelSeries, Price Hori, Con, Ed, it'll, Price LG, Price Dell, You'll, Zelda Organizations: Amazon, ASUS, Intel, AMD, Razer, Walmart, Asus, Nvidia, Prime, SK, SK Hynix, Deal SK hynix, Samsung, PlayStation, Seagate, Toshiba, Price Samsung, Price Logitech, Logitech, Bluetooth, Wired, Meta, Amazon Deal, Gray, Super Nintendo Entertainment, Duo, Stratus, Nintendo, Lightspeed, Apex, Monitor Samsung, LG Locations: it's

☆ NASA's James Webb telescope spotted two stars crashing into each other so violently it could have created gold in space
▼ + stars: | 2023-07-11 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

The James Webb Space Telescope picked up the blast from two neutron stars colliding. The blast, called a kilonova, created the perfect conditions to make space gold and platinum. The death of two neutron starsAn artist's impressino of a kilonova NASA's Goddard Space Flight Center/CI LabA kilonova happens when two neutron stars — collapsed supermassive stars — gravitate around one another and eventually crash. This particular blast, called GRB 230307A, was first detected by NASA's Fermi Gamma-ray Space Telescope on March 7, 2023, per Space.com. These only arise in very limited circumstances, like when two neutron stars collide.

Persons: James Webb, JWST, Fermi, Gold, Uli Deck, Andrew Levan Organizations: James Webb Space Telescope, Service, James Webb Space, Space Flight, Getty, Radboud University Locations: Wall, Silicon, Netherlands

And unlike Amazon Prime Day, Walmart+ Week sales are open to all customers, even if you don't have a Walmart+ subscription. Here are some of the best Walmart+ Week deals we've found so far from our favorite brands. And to see how Walmart+ Week compares to Amazon Prime Day, make sure to check out our best Prime Day deals live blog. During Walmart+ Week 2023, it's down to $599 for the king size, which is $30 less than Amazon's deal price. What deals should I expect from Walmart during Walmart+ Week 2023?

Persons: we've, Price, Dyson, Opal Organizations: Walmart, Amazon, Amazon Prime, Glide, Price Samsung Galaxy, Samsung Galaxy, Android, Price GE, Deal, Monitor

We're also in the middle of Walmart+ Week, a big sales event taking place both on Walmart's website and in stores. Here are some of the best Walmart+ Week deals we've found so far from our favorite brands. The best Walmart+ Week deals you can buy right nowDeal icon An icon in the shape of a lightning bolt. $198.00 from Walmart Originally $499.00 Save 60%Is Walmart holding a sale during Amazon Prime Day 2023? Do I need a Walmart+ subscription to get Walmart+ Week deals?

Persons: We're, we've, Price, Dyson Organizations: Amazon, Walmart, Glide, Monitor

☆ China gallium curbs raise chip questions for future EV models
▼ + stars: | 2023-07-11 | by ( Nick Carey | ) www.reuters.com time to read: +4 min

Gallium is found in trace amounts in zinc ores and in bauxite, and gallium metal is produced when processing bauxite to make aluminium. Transphorm uses ultra thin layers of gallium nitride that are a micron, or one thousandth of a millimetre thick, on its semiconductors. "If you are already banking on gallium nitride and designing it into your platform, then you're in trouble," he said. A source at a Japanese automotive supplier told Reuters the company was weighing up whether to use gallium nitride or silicon carbide for future power semiconductors. "People have to look for other options, but gallium nitride is hard to replace, said the CMI's Neill.

Persons: Umesh Mishra, Mishra, Transphorm, Alastair Neill, Transphorm's Mishra, Neill, Nick Carey, Daniel Leussink, Christina Amann, Zoey Zhang, Matt Scuffham, David Evans Organizations: Alliance, micron, Critical Minerals Institute, Reuters, Infineon, Canada's GaN Systems, Thomson Locations: China, Goleta , California, Tokyo, Berlin, Shanghai

Spot gold held its ground at $1,926.19 per ounce by 0231 GMT. The dollar (.DXY) was near a two-month low on prospects of lower rates, while benchmark U.S. yields hovered near Monday's lows at 4.0018%. A weaker dollar makes gold cheaper for holders of foreign currencies. "As we've become accustomed to inflation decelerating, an upside surprise would spark the most volatile reaction and weigh on gold. Gold bulls need inflation to behave to justify a bullish breakout," Simpson added.

Persons: Matt Simpson, we've, Simpson, Seher, Sherry Jacob, Phillips Organizations: Index, U.S, Investors, U.S . CPI, Consumer, Thomson Locations: Wednesday's U.S, China, Bengaluru

Rafael Henrique/SOPA Images/LightRocket via Getty ImagesSelect enrolled American Express cardholders can save up to 50% (maximum discount $80) on Amazon Prime Day purchases by using 1 Amex Membership Rewards point. You'll need a Membership Rewards points-earning card linked to your Amazon account to take advantage, and not everyone is eligible. $0 Rewards Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. $0 Rewards Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. This is a great opportunity to stack credit card rewards and deals with this promotion.

Persons: Rafael Henrique, Read, you’ve, Wells, We're, you'll, there's Organizations: American Express, Getty, Express, Amazon Prime, Service, Amazon, Card Wells Locations: Wall, Silicon

☆ Gold firms as US jobs data raises doubts on aggressive rate hikes
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +2 min

FUNDAMENTALS* Spot gold was up 0.1% at $1,925.49 per ounce by 0104 GMT. * An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Invesco survey of central bank and sovereign wealth funds published on Monday. * SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.3% on Friday. * Data on Friday showed COMEX gold speculators raised net long position by 12,733 contracts to 99,205 in week ended July 3. * In other precious metals, spot silver gained 0.1% to $23.09, platinum added 0.4% to $911.40, and palladium climbed 0.2% to $1,246.86.

Persons: Janet Yellen, Swati Verma, Sherry Jacob, Phillips Organizations: Labor, . Treasury, West, Trust, Thomson Locations: U.S, Beijing, Russia

☆ Gold flat on doubts over U.S. rate hike trajectory
▼ + stars: | 2023-07-10 | 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 in Munich. Gold prices were little changed on Monday after U.S. jobs data last week cast doubts over the labor market's strength, prompting investors to be more skeptical of the Federal Reserve's rate hike trajectory. Spot gold was steady at $1,923.62 per ounce by 0347 GMT. Data on Friday showed COMEX gold speculators raised their net long position by 12,733 contracts to 99,205 in the week ended July 3. In other precious metals, spot silver was steady at $23.05 per ounce, platinum fell 0.1% to $907.34 and palladium eased 0.4% to $1,238.86.

Persons: Nicholas Frappell Organizations: Aurum, Labor, ABC Refinery, U.S, West, Trust Locations: Munich, U.S, U.S . Federal, Russia

☆ Big changes are coming to the Citi AAdvantage Executive card, including a 100,000-mile bonus and new statement credits — but it's not all good news
▼ + stars: | 2023-07-10 | by ( Jasmin Baron | Sarah Silbert | Read More | ) www.businessinsider.com time to read: +16 min

The downside is that the annual fee will increase, and you'll have to pay to add authorized users. Cardholders and up to 10 authorized users (currently free to add) receive American Airlines Admirals Club access for themselves and up to two guests (or immediate family) when they fly American Airlines or its partners. For a $450 annual fee, that's a fabulous deal, considering Admirals Club membership currently starts at $650 (which will increase to $850 shortly). Full Admirals Club membership gets you (and authorized users) access to American Airlines lounges Check mark icon A check mark. But this, along with an improved earning rate on American Airlines purchases, is a huge upgrade for cardholders.

Persons: Read, We're, it's, That's, cardmembers, cardholders, Citi's, What's, you'll Organizations: Citi AAdvantage, Admirals Club, American Airlines, Citi, Mastercard, Service, American, Chase, Chevron, Target, Walmart, Capital, Airlines, AA, Business, Admirals Clubs, American Express, Avis Locations: Wall, Silicon, Miami, Washington ,

☆ Gold heads for fourth weekly loss on calls for more rate hikes
▼ + stars: | 2023-07-07 | 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 on Friday were on track for a fourth consecutive weekly loss as recent U.S. jobs data and hawkish comments from Federal Reserve policymakers strengthened bets for higher-for-longer interest rates, weighing on non-yielding bullion. Spot gold was flat at $1,910.20 per ounce by 0240 GMT, but down 0.5% for the week. "A resilient and tight U.S. jobs market effectively strengthens the case for the Fed to keep pushing the benchmark interest rate higher. Right now, it's all about interest rates and a guessing game about where the terminal rate setting will land," said Tim Waterer, chief market analyst at KCM Trade.

Persons: Tim Waterer, Waterer, Lorie Logan, Janet Yellen's Organizations: Aurum, Federal Reserve, Fed, KCM, Fed Bank of Dallas, Treasury, Palladium Locations: Janet Yellen's Beijing

☆ Google Pixel Watch vs. Fitbit Sense 2: The Pixel Watch has the smarts but the Sense 2 is the better fitness tracker
▼ + stars: | 2023-07-07 | by ( Alexander Johnson | Rick Stella | Tech Updates Editorial Fellow | ) www.businessinsider.com time to read: +9 min

Despite taking over a wearable lineup that included premium smartwatch lines like the Fitbit Sense and Fitbit Versa, Google released its own namesake wearable in 2022 called the Google Pixel Watch. Google Pixel Watch vs. Fitbit Sense 2: Smartwatch performanceRick Stella/InsiderThe Pixel Watch relies on Wear OS for most day-to-day tasks, which makes it about as good of a smartwatch as you can get. Google Pixel Watch vs. Fitbit Sense 2: Health and fitness trackingRick Stella/InsiderWhen it comes to health and fitness tracking, the Sense 2 is the clear winner. The Fitbit app is also available for use with the Google Pixel Watch, but functionally, the Pixel just can't beat Fitbit at its own game. Google Pixel Watch vs. Fitbit Sense 2: Battery lifeThe Google Pixel Watch's battery life isn't anything special for a smartwatch, requiring a nightly recharge with regular use.

Persons: Fitbit, Rick Stella, It's Organizations: Google, Watch, Apple, Steel, Pixel Watch, Amazon Alexa, GPS, Pixel Locations: Fitbit

Fitbit's Versa line of wearables remains some of the best fitness trackers on the market. Because Fitbit stopped selling the Versa 3, you may even consider a refurbished model of the device instead of upgrading to the Versa 4. Fitbit Versa 4 vs. Fitbit Versa 3: Smartwatch performanceOne of our biggest gripes about the Fitbit Versa 4 is its lack of support for third-party apps. Fitbit Versa 4 vs. Fitbit Versa 3: Health and fitness trackingRick Stella/InsiderTracking features are roughly identical for the Versa 3 and 4, which means there isn't much of an upgrade. Fitbit Versa 4 vs. Fitbit Versa 3: Battery lifeFinally, the Versa 4 can boast one advancement: The battery life is markedly better than the Versa 3's.

Persons: we've, Fitbit, Pink Clay, Rick Stella, it's, we're, hasn't, we'd Organizations: Google, Amazon Alexa, iOS Battery, Versa, Spotify, Walgreens, Fitbit, Apple

lydia polgreenI’m Lydia Polgreen, and this is “Matter of Opinion.” Today, we’re going to do something a little bit different. And the great sort of brilliant twist of the show is at the end, the winner is chosen by the people that the contestants have voted off. Like, that just seems really, really American. I don’t think we need to go that far, but she is the best version of America, like America as it fancies itself to be. And if they happen to come out while I’m outside, I’m like, you!

Persons: michelle cottle, I’m Michelle Cottle, ross douthat I’m Ross Douthat, carlos lozada I’m Carlos Lozada, lydia polgreen, Lydia Polgreen, ross, departmentwide, carlos lozada, ross douthat, polgreen, ross douthat I’ll, Gatsby, Jay Gatsby, it’s, We’d, carlos lozada I didn’t, Lozada, Michelle, there’ll, you’ve, I’ll, ”, I’ve, lydia polgreen It’s, Lydia, — ross, Sue Hawk, winder, — carlos lozada Wow, Richard Hatch, he’s, Rudy, carlos lozada “, carlos lozada “ Survivor ”, Mark Burnett, — carlos lozada There’s, ” lydia polgreen There’s, ” ross douthat, “, — ross douthat That’s, Ross, you’re, Carlos, carlos lozada You, JD Fitzgerald, Fitzgerald, Tom, TD Fitzgerald, Standish, who’s, ” ross, — carlos lozada, ross douthat —, Donald Trump, JD, ” Michelle, I’m, Dolly Parton, lydia polgreen Legend, She’s, scrappy, she’s, “ Jolene, michelle cottle Don’t, Dolly, Dolly Parton’s, michelle cottle I’m, polgreen It’s, It’s, — carlos lozada Oh, lydia polgreen — Henry Grabar, Mother Teresa, Henry Grabar, carlos lozada Ross, we’re, Sienna, Sienna’s, we’re Honda Organizations: New York, ”, Harvard, “, Blacks, Navy, carlos lozada “ Survivor, Trump, Housewives, HBO, America, Survivor, City Hall, DC Locations: United States of America, America, United States, Trump, Utah, Northern California, Adenville, Lydia, Park City , Utah, West

☆ Lazard, facing a dealmaking drought, is on a mission to boost its money management business. It won't be easy.
▼ + stars: | 2023-07-06 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +11 min

The group extends guidance on geopolitical matters to clients as well as colleagues, like the asset management arm's sprawling salesforce. The firm is making a series of changes to ramp up its asset management business. Lazard has had an asset management business for decades, but it's a business that's finding new relevance on Wall Street. Incoming Lazard CEO Peter Orszag, pictured here in May, has made improving the asset management business a priority. "When it comes to the asset management business, the picture is probably more blurry," said Richard Bruyère, managing partner of the Paris-based asset management advisory firm Indefi.

Persons: Lazard, Evan Russo, Yevgeny Prigozhin, Peter Orszag, Barack Obama, Bill Clinton, it's, Russo, Orszag, Ray McGuire, Jennifer Ryan, Goldman Sachs, Brennan Hawken, Richard Bruyère, Bruyère, Ryan, Hartley, Morgan Stanley, Janus Henderson, Ashmore, Devin Ryan, AllianceBernstein, Larry Cohen, " Russo, Peter Organizations: Lazard, BlackRock, Citi, New York, North, Incoming Lazard, REUTERS, UBS, Investors, Firms, Virtus, Liontrust, Bank's JMP Securities Locations: Russia, New York, Washington, North America, Paris, Taft, Asia

☆ Gold flat as investors await U.S. data for rate cues
▼ + stars: | 2023-07-06 | 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 was flat on Thursday as investors awaited a raft of U.S. economic data that could influence the Federal Reserve's policy trajectory, after minutes of its June meeting reaffirmed expectations that interest rates could remain higher for longer. Spot gold held its ground at $1,917.46 per ounce by 0459 GMT, while U.S. gold futures fell 0.2% to $1,924.10. Therefore, a series of labor market data will be on watch, but much will still revolve around a continued moderation in wage pressures, he added. Rising U.S. interest rates increase the opportunity cost of holding non-yielding bullion.

Persons: Gold, Jun Rong, Wang Tao, Janet Yellen's Organizations: Aurum, IG, Traders, Investors, U.S . Labor, Labor, Survey, Treasury Locations: U.S, Janet Yellen's Beijing

Accounts pay high interest rates Check mark icon A check mark. Open accounts you might not be able access outside of Raisin Check mark icon A check mark. High interest rate Check mark icon A check mark. Accounts pay high interest rates Check mark icon A check mark. High interest rate Check mark icon A check mark.

Persons: Jennifer, Read Organizations: Credit Union, of Oklahoma, GreenState Credit, Credit, Mint, FDIC, Chevron, Crescent, Crescent Bank, Reading Chevron, Savings, Western Alliance, Bank, CIT Bank, UFB, Business, Black Enterprise Magazine, CNBC, Forbes, Twitter Locations: of, Louisiana

☆ Gold trades in narrow range as markets wait for Fed minutes
▼ + stars: | 2023-07-05 | 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 stuck to a narrow range on Wednesday as investors awaited the release of the U.S. Federal Reserve's latest monetary policy meeting minutes later in the day, with a stronger dollar also weighing on prices. Spot gold was little changed at $1,923.66 per ounce by 0243 GMT, while U.S. gold futures rose 0.1% to $1,931.20. "Fed minutes are likely to reveal a lively debate where still more rate hikes are to come. High interest rates discourage investing in non-yielding gold, which is otherwise seen as a safe investment amid economic uncertainties.

Persons: Gold, Clifford Bennett, Bennett Organizations: Aurum, U.S, U.S . Federal, ACY Securities Locations: U.S ., United States, China

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