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☆ Ford prepares to resume F-150 Lightning shipments, drops prices on some models
▼ + stars: | 2024-04-11 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

The F-150 Lightning on display at the New York International Auto Show on March 28, 2024. DEARBORN, Mich. — Ford Motor is lowering the starting prices of some all-electric F-150 Lightning pickup trucks as it prepares to resume shipping the vehicles after quality issues. That was followed by $2,500 off Lariat models, now priced at $74,995, as well as a $2,000 reduction for XLT models, with a new price of $62,995. Prices on the $54,995 entry-level Pro model and an $84,995 top-end Platinum model were unchanged. Ford's cuts come three months after it adjusted Lightning prices, including increasing some model prices.

Persons: Kumar Galhotra Organizations: New York, Ford Locations: DEARBORN, Mich, Dearborn , Michigan

☆ Gold near record high as inflation risk lifts safe-haven appeal
▼ + stars: | 2024-04-10 | 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 held steady on Wednesday near a record peak hit in the previous session, as a favourable mix of emerging inflationary risks and ongoing geopolitical tensions underpinned the safe-haven metal. Spot gold was little changed at $2,351.94 per ounce, as of 0339 GMT, after hitting a record high of $2,365.09 on Tuesday. Strong central bank buying, safe-haven inflows amid elevated geopolitical risks, and demand from momentum-following funds have fuelled bullion's 14% gain so far this year. Spot silver was little changed at $28.15 per ounce, after hitting its highest levels since June 2021 on Tuesday.

Persons: Soni Kumari, ANZ Kumari Organizations: Co, ANZ, Federal, Fed Locations: Bangkok, Thailand, ., U.S

☆ Gold hovers near record high with focus on U.S. data, Fed minutes
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: +2 min

One kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Spot gold was up 0.3% at $2,345.09 per ounce, as of 0621 GMT, after hitting a record high of $2,353.79 on Monday. The minutes of the Fed's March policy meeting and the U.S. Consumer Price Index, or CPI, data are due on Wednesday. "Inflation data this week poses a risk if the readings come out on the hotter side of the ledger. Spot silver rose 0.2% to $27.90 per ounce, after hitting its highest levels since June 2021 earlier in the session.

Persons: Tim Waterer, Waterer, Kelvin Wong Organizations: Co, Federal, KCM Trade, U.S . Consumer, Fed, Asia Pacific, OANDA Locations: Bangkok, Thailand, ., U.S

☆ The Toyota 4Runner is finally entering the future with a hybrid
▼ + stars: | 2024-04-09 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

CNN —It’s been almost 15 years since there has been any major change to the popular Toyota 4Runner SUV, a fan favorite among off-road enthusiasts. The new 2025 Toyota 4Runner, like the Tacoma, will be available with Toyota’s iForce Max hybrid system, adding another popular model to Toyota’s broadening hybrid line-up. It comes as more consumers, who may be wary of buying fully electric vehicles, are increasingly turning to hybrids. Toyota’s hybrid compromiseAdding a hybrid option to the 4Runner is part of Toyota’s broad strategy to “electrify” nearly every model in the automaker’s line-up while, for now, offering few fully electric vehicles. The 2025 Toyota 4Runner will also be available in a more luxurious Limited trim.

Persons: CNN — It’s, Max Organizations: CNN, Toyota, EV, Lexus, Tacoma, Cruiser, Energy Locations: Tacoma, ”

☆ Photos challenge misconceptions about what it means to be an American Muslim
▼ + stars: | 2024-04-09 | by ( Leah Dolan | ) edition.cnn.com time to read: +8 min

These are some of the faces featured in “Muslims in America,” an ongoing photography series by British artist Mahtab Hussain. Mahtab HussainSo far, Hussain has documented subjects living in New York, LA, Baltimore and Toronto, Canada. I’ve met people from all over the world in the US who are Muslim: Palestinians, people from all over Africa. Not only do Hussain’s photographs visually challenge the way American Muslims have been portrayed, he has also offered space for his subjects to share their experiences. Mahtab HussainMany members of Dearborn’s Arab American and Muslim American communities have openly rejected Biden for his handling of the Israel-Hamas war.

Persons: Julo, Adbul, Candace, Mahtab Hussain, “, ” Hussain, Hussain, Arslan, ”, Riz Ahmed, creatives, I’ve, ” Julo Cisse, Mahtab Hussain Syeda Monique Legette, he’s, ” Itar Mechmechia, ” Dayana Aziz, Abdullah Hammoud, Joe Biden’s, Biden, Netanyahu, Candace Ashley, that’s, Adbul Warsame, Mahtab Hussain Ahmed Mohamed Organizations: CNN, Nike Air Jordans, Pew Research Center, USC, Initiative, USC Annenberg, British Pakistani Muslim, American, The New York Times, Hamas Locations: United States, America, British, New York, UK, Australia, New Zealand, Glasgow, Kashmir, Pakistan, LA, Balitmore, Baltimore, Toronto, Canada, British Pakistani, Africa, Britain, New York City, Dearborn , Michigan, Gaza, American, Israel, Michigan

☆ Toyota's first new 4Runner SUV in 15 years will offer a hybrid engine
▼ + stars: | 2024-04-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Toyota's "truck family" is also known as the "five brothers": the Tacoma and Tundra pickup trucks and the 4Runner, Land Cruiser and Sequoia SUVs. 2025 Toyota 4Runner Trailhunter ToyotaToyota said pricing of the 2025 4Runner will be released closer to its on-sale date. 2025 Toyota 4Runner Limited ToyotaThe 4Runner's available hybrid engine is a turbocharged 2.4-liter engine with a 48-horsepower electric motor integrated into the eight-speed transmission to produce up to 326 horsepower and 465 foot-pounds of torque. Production of the 2025 4Runner is taking place at Toyota's Tahara plant in Japan. Correction: The 2025 Toyota 4Runner is the first new version of the vehicles in 15 years.

Persons: Dave Christ, We've, Jack Hollis Organizations: Toyota, Pro Toyota Toyota, Toyota Tacoma, Tacoma, Cruiser, Sequoia, Land Cruiser, Toyota Toyota, Toyota Motor North America, CNBC, Toyota 4Runner Limited, TRD Locations: Toyota's, Japan

☆ The big, month-long rally in commodities is turning these ETFs into winners
▼ + stars: | 2024-04-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Some equity funds closely tied to those commodities, such as those that invest in gold and silver miners, have soared even more. Five of the six biggest gold ETFs have seen outflows this year, totaling almost $3 billion, according to FactSet. GLD 5Y mountain Gold, and the ETFs that track it, are trading at record highs in early 2024. The fund's holdings include gold, silver, platinum and palladium. Meanwhile, Teucrium has several ETFs focused on agricultural commodities that have climbed over the past month as well, including the the Teucrium Soybean Fund (SOYB) , up over 3%.

Persons: Jake Hanley, Hanley, Robert Minter, Minter, Teucrium Organizations: United States Oil Fund, Hershey Locations: East, Europe

☆ Gold pauses record rally ahead of U.S. jobs data
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: +2 min

Two Argor-Heraeus SA 250 gram gold bars at Solar Capital Gold Zrt. Spot gold was down 0.5% at $2,278.50 per ounce, as of 0328 GMT, after hitting a record high of $2,305.04 on Thursday. "Gold will continue to rally with normal pull-backs," Luca Santos, an analyst at ACY Securities said. Bullion was on track for a third straight weekly gain, up 2.3% so far, also driven by strong central bank buying and demand from momentum-following funds. Traders are currently pricing in about 65% chance that the Fed will cut rates in June, according to the CME FedWatch tool.

Persons: Luca Santos, Santos, Bullion, Hugo Pascal, Pascal, Jerome Powell Organizations: Heraeus, Solar, U.S ., Federal, ACY Securities, NFP, Palladium Locations: Budapest, Hungary, U.S

The information for the following product(s) has been collected independently by Business Insider: Navy Federal Credit Union® Platinum Credit Card, Navy Federal Credit Union® More Rewards American Express® Credit Card, Navy Federal Credit Union® nRewards® Secured Credit Card, Citi® Diamond Preferred® Card, Citi® Diamond Preferred® Card. Navy Federal Credit Union® Platinum Credit Card QualificationsYou'll need to be a Navy Federal Credit Union member to be eligible for the Navy Federal Credit Union® Platinum Credit Card. Navy Federal Credit Union® Platinum Credit Card RewardsThe Navy Federal Credit Union® Platinum Credit Card doesn't earn rewards from spending. Navy Federal Credit Union® More Rewards American Express® Credit Card vs. Navy Federal Credit Union® Platinum Credit CardThe Navy Federal Credit Union® More Rewards American Express® Credit Card is designed for consumers with good to excellent credit. Navy Federal Credit Union® nRewards® Secured Credit Card vs. Navy Federal Credit Union® Platinum Credit CardThe Navy Federal Credit Union® nRewards® Secured Credit Card is designed for people who want to build or repair their credit, and may be a good option if you can't qualify for a Navy Federal Credit Union® Platinum Credit Card due to low credit.

Persons: Federal nRewards, cardholders, Read, Cardholders, — Organizations: Business Insider, Navy Federal Credit, Card, Navy Federal Credit Union, Citi, Federal Credit, Credit, National Guard, Department of Defense, DOD, The Navy Federal Credit, Federal Credit Union, Emergency Assistance Navy Federal Credit, Federal, American, Walmart, Wells, Citi Diamond Preferred, Navy, Navy Federal, of Defense, Business Locations: Wells

☆ Gold continues record rally after Fed comments; U.S. data in focus
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: +1 min

Gold prices rallied to a record high on Thursday as Federal Reserve officials reiterated expectations of interest rate cuts in 2024, even if their timing was unclear, while traders await key U.S. jobs data. Spot gold was steady at $2,299.28 per ounce, as of 0343 GMT, and hit a record high of $2,304.09 earlier in the session. Bullion has hit record highs in each session since last week's Thursday. The U.S. jobs report for March is due to be released on Friday, with new inflation data coming next week. Lower interest rates reduce the opportunity cost of holding bullion.

Persons: Bullion, Michael Langford, Jerome Powell, Langford Organizations: Federal, U.S, Scorpion Minerals Locations: U.S

☆ Gold smashes record again as U.S. inflation worries loom
▼ + stars: | 2024-04-03 | by ( ) www.cnbc.com time to read: +2 min

Gold prices extended a record run on Wednesday as concerns of rising inflation boosted demand for gold as a hedge, with bullion traders shrugging off doubts over an imminent U.S. interest rate cut and rising Treasury yields. Gold prices extended a record run on Wednesday as concerns of rising inflation boosted demand for gold as a hedge, with bullion traders shrugging off doubts over an imminent U.S. interest rate cut and rising Treasury yields. Spot gold was up 0.3% at $2,286.24 per ounce, as of 0406 GMT, and hit a record high of $2,288.09 earlier in the session. Data this week showed U.S. manufacturing unexpectedly rebounded, with the rise in raw materials prices triggering fears that inflation could resurge. "With commodity prices rising in general, it brings the risks of another round of inflation - so perhaps investors are hedging for inflation," Simpson said.

Persons: Bullion, Matt Simpson, Simpson, Edward Meir said Organizations: Index, Federal Locations: U.S, Ukraine, Asia

☆ Gold hovers below record peak as U.S. dollar, yields firm after upbeat data
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: +2 min

Gold prices on Tuesday hovered below record highs hit in the previous session, as the U.S. dollar and Treasury yields held firm after strong U.S. data flagged doubts on whether the Federal Reserve would deliver three interest rate cuts this year. Spot gold was unchanged at $2,250.79 per ounce, as of 0415 GMT, holding below an all-time high of $2,265.49 hit on Monday. "Gold notched up a new record price, though with that high watermark also came some overbought conditions, which has resulted in a mild pullback. Traders pared bets of a June interest rate cut to 63% after the data, according to the CME Group's FedWatch Tool. Gold tends to gain when interest rates are cut as it reduces the opportunity cost of holding bullion.

Persons: Tim Waterer, Jerome Powell, Waterer Organizations: U.S ., Treasury, Federal Reserve, KCM Trade, U.S Locations: .

☆ The symbolism in Beyoncé’s “Cowboy Carter” album has fans talking
▼ + stars: | 2024-03-28 | by ( Aj Willingham | ) edition.cnn.com time to read: +8 min

CNN —Beyoncé knows how to get people talking, and her new album “Cowboy Carter,” had tongues wagging long before its release date on March 29. “Cowboy Carter” is the much-anticipated followup to her 2022 album “Renaissance” and her 2016 album “Lemonade,” both of which injected the culture with paradigm-shifting art and symbolism. This is Black American culture.”“Beyoncé’s album cover makes complete sense to Black Texans” guest columnist Taylor Crumpton wrote for Bloomberg. Of course, a new Beyoncé album is bound to ignite all sorts of conversations. The discourse is part of the experience as much as any cowboy hat, and “Cowboy Carter” is already taking fans to school.

Persons: CNN — Beyoncé, Cowboy Carter, ”, Cowboy Carter ”, Carter ”, Beyoncé’s, Carter, Azaelia Banks, Banks, “, Vanessa Vaillareal, Tory Shulman, Beyoncé, Napoleon, George Washington, James Baldwin, Maya Angelou, Angelou, ” Baldwin, Taylor Crumpton, Randy, ” Beyoncé, ” Kacey, John Shearer, Jim Crow, Linda Martell, Martell Organizations: CNN, Sony, AP, YouTube, Daily, Black Texans, Texans, Bloomberg, ”, Los Angeles Magazine, Grand Ole Opry Locations: Parkwood, Columbia, American, Texas, Houston, Los Angeles , California

☆ Gold holds steady as traders await U.S. data for more Fed cues
▼ + stars: | 2024-03-28 | by ( ) www.cnbc.com time to read: +2 min

Gold prices steadied on Thursday as investors digested comments from Federal Reserve Governor Christopher Waller on interest rate cuts and looked forward to more U.S. economic data for policy clues. Gold prices steadied on Thursday as investors digested comments from Federal Reserve Governor Christopher Waller on interest rate cuts and looked forward to more U.S. economic data for policy clues. Fed Governor Waller on Wednesday said recent disappointing inflation data affirms the case for the U.S. central bank holding off on cutting its short-term interest rate target. Traders are currently pricing in a 62% probability the Fed will begin cutting rates in June, according to the CME Group's FedWatch Tool. Lower interest rates reduce the opportunity cost of holding bullion.

Persons: Christopher Waller, Ilya Spivak, Fed Governor Waller Organizations: Federal Reserve, Fed, U.S, Traders Locations: Ukraine

As a result, premium credit cards are more likely than others to be impacted by this legislation. You might soon pay more for the privilege of paying with a premium credit card like the Chase Sapphire Reserve or The Platinum Card from American Express. Premium credit cards: Worth paying a premium per purchase? But we've seen premium credit card annual fees steadily rise over the past few years, and this legislation may further impact loyalty rewards. But be prepared to potentially shift your payment strategy, especially if merchants begin charging variable rates based on different costs for premium credit cards.

Persons: —, Michael Spelfogel, John Ulzheimer, Ulzheimer Organizations: Visa, Mastercard, Service, Chase Sapphire Reserve, American Express, cardholders, Chase, Capital, Citi Locations: FICO, Wells Fargo

☆ Gold subdued as dollar firms, investors seek more Fed cues
▼ + stars: | 2024-03-27 | by ( ) www.cnbc.com time to read: +2 min

Gold prices held steady on Tuesday despite a stronger dollar and elevated Treasury yields, as investors awaited the minutes of the last U.S. Federal Reserve policy meeting for more clues on its interest rate cut timing. Gold prices edged lower on Wednesday due to an uptick in the dollar, although bullion traded in a narrow range as investors stayed on the sidelines awaiting more cues on the U.S. Federal Reserve policy. Spot gold was down 0.1% at $2,176.80 per ounce, as of 0533 GMT. The dollar index strengthened 0.1% against its rivals, making gold more expensive for other currency holders. "It's difficult to construct an overly bearish case for gold prices with the current backdrop of geopolitics and potential central easing," City Index senior analyst Matt Simpson said.

Persons: Matt Simpson, Austan Goolsbee, JP Morgan Organizations: Federal Reserve, U.S . Federal, Index, Chicago Fed, Fed Locations: U.S

☆ Gold holds tight range as focus turns to U.S. inflation data
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: +2 min

Gold bars of different sizes lie in a safe on a table at the precious metals dealer Pro Aurum. Gold prices were stuck in a tight range on Tuesday as investor focus turns to U.S. inflation data due later this week, which could shed more light on the timing of the Federal Reserve's first interest rate cut this year. Gold prices hit a record high last week after Fed policymakers indicated they still expected to reduce interest by three-quarters of a percentage point by 2024 end despite recent high inflation readings. Meanwhile, Fed Governor Lisa Cook cautioned the U.S. central bank needs to proceed carefully as it decides when to begin cutting interest rates. Lower interest rates reduce the opportunity cost of holding bullion.

Persons: Kyle Rodda, Capital.com, Austan Goolsbee, Lisa Cook Organizations: Aurum, Federal, Chicago Fed Bank, Traders, Fed Locations: U.S

☆ How Diddy got to be one of hip-hop's biggest businessmen
▼ + stars: | 2024-03-26 | by ( Madeline Berg | Kelsey Vlamis | ) www.businessinsider.com time to read: +10 min

AdvertisementFederal officials raided the Los Angeles and Miami homes of Sean Combs on Monday. Despite media speculation, neither Mr. Combs nor any of his family members have been arrested nor has their ability to travel been restricted in any way. Within the first two years of the partnership, annual sales grew from 75,000 to 400,000 cases, according to a lawsuit Combs filed against Diageo last year. "She recognized that she was powerless, and that reporting Mr. Combs to the authorities would not alter Mr. Combs's status or influence but would merely give Mr. Combs another excuse to hurt her." AdvertisementIn a separate lawsuit filed in November, Joi Dickerson-Neal alleges that Combs drugged and assaulted her in 1991.

Persons: Sean, Diddy, Combs, He's, —, Sean Combs, Casandra Ventura, Ventura, Cassie, Rodney Jones Jr, Lil Rod, groping, Aaron Dyer, Mr, Craig Mack, Faith Evans, Mase, B.I.G, Forbes, Sean Jean, they'd, DeLeon, He'd, Mark Wahlberg, Ciroc, Ethan Miller, Zack O'Malley Greenburg, Jay, — he's, he's, Kerry James Marshall, Andy Warhol, Keith Haring, Jean, Michel Basquiat, Joi Dickerson, Neal, Jane Doe Organizations: Service, Federal, Federal Homeland Security, AP, Business, Bad Boy Records, Uptown Records, East, Bad, Arista Records, Global Brands Group, Diageo, of, Hulu, Combs Enterprises Locations: Los Angeles, Miami

☆ Diddy is one of hip-hop's richest and most powerful businessmen. Take a look at his net worth and web of influence.
▼ + stars: | 2024-03-26 | by ( Madeline Berg | Kelsey Vlamis | ) www.businessinsider.com time to read: +10 min

Read previewFederal officials raided the Los Angeles and Miami homes of Sean Combs on Monday. Despite media speculation, neither Mr. Combs nor any of his family members have been arrested nor has their ability to travel been restricted in any way. Mr. Combs is innocent." Within the first two years of the partnership, annual sales grew from 75,000 to 400,000 cases, according to a lawsuit Combs filed against Diageo last year. "She recognized that she was powerless, and that reporting Mr. Combs to the authorities would not alter Mr. Combs's status or influence but would merely give Mr. Combs another excuse to hurt her."

Persons: —, Sean Combs, Combs, Casandra Ventura, Ventura, Cassie, Rodney Jones Jr, Lil Rod, groping, Aaron Dyer, Mr, Diddy, Craig Mack, Faith Evans, Mase, B.I.G, Forbes, Sean John, they'd, DeLeon, He'd, Mark Wahlberg, Ciroc, Ethan Miller, Zack O'Malley Greenburg, Jay, — he's, he's, Kerry James Marshall, Andy Warhol, Keith Haring, Jean, Michel Basquiat, Joi Dickerson, Neal, Jane Doe, Sean Jean Organizations: Service, Federal Homeland Security, AP, Business, Bad Boy Records, Uptown Records, East, Bad, Arista Records, Global Brands Group, Diageo, of, Hulu, Combs Enterprises Locations: Los Angeles, Miami

☆ Gold rises on hopes for Fed rate cut in June, softer dollar
▼ + stars: | 2024-03-25 | 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 rose on Monday as renewed bets that the U.S. Federal Reserve would begin cutting interest rates in June and a softer dollar lifted bullion's appeal. The dollar was down 0.1% against its rivals, making gold less expensive for other currency holders. Looks like June is being the most probable time when they are sort of expected to pull the trigger on that first rate cut." Lower interest rates reduce the opportunity cost of holding bullion.

Persons: Tim Waterer Organizations: Co, U.S . Federal Reserve, KCM, Traders, Fed Locations: Bangkok, Thailand

☆ Kate’s cancer revelation throws royal family into fresh turmoil
▼ + stars: | 2024-03-23 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com time to read: +15 min

Yet again, the royal family could face some difficult questions about what they chose to reveal to the public, and when. Kin Cheung/Pool/AFP/Getty Images Kate Middleton, seen here at age 3, was born on January 9, 1982, in Reading, England. Richard Heathcote/Getty Images Kate and Prince William pose for photographers during an event to mark their engagement in 2010. Hannah McKay/Reuters From left, Prince William, Kate, Prince Harry and Meghan, the Duchess of Sussex, wave to a crowd outside Windsor Castle ahead of the Queen's funeral in 2022. Yui Mok/WPA Pool/Getty Images Kate attends the National Service of Remembrance at The Cenotaph in London in November 2023.

Persons: Catherine , Princess, Wales, ”, Kate, “ KATE, Prince William, Kate –, Queen Camilla, King Charles III’s, Catherine , Princess of, Kelly Holmes, Kelly Holmes Trust —, Kin Cheung, Kate Middleton, Middleton, Pippa, Michael, Clarence House, Stephen Lock, Shutterstock Prince William, Richard Heathcote, William, Princess Diana, Ben Stansall, Prince Harry, Pippa Middleton, Kirsty Wigglesworth, John Stillwell, Charles Dharapak, Queen Elizabeth II, Stefan Wermuth, Elizabeth II, Arthur Edwards, Harry Potter, Chris Jackson, Prince George, Princess Charlotte, Prince Philip, Prince Charles, Camilla, Dominic Lipinski, Prince Louis, Charlotte, Aaron Chown, Oli Scarff, Queen, Hannah McKay, Meghan, Duchess of, Emilio Morenatti, Paul Grover, King Charles III, Yui Mok, Reuters Kate, Turlough Mor, Seamus, Karwai Tang, Choo Kyung, Max Mumby, Henry Nicholls, David Cliff, Diana, of, Rishi Sunak, “, Princess, Princess of Wales, CNN Kate, Easter, Prince William –, Gupta, George, Louis, Prince, Kate’s Organizations: London CNN, Times, Sun, Kelly Holmes Trust, Getty, University of St, English rugby, Nations, Italy, Westminster Abbey, Buckingham Palace, Queen, Mary's, Trench, Culture Yard, Royal Air Force, Reuters, Hall, Horse Guards, Irish Guards, National Service of, Images Police, London Clinic, Getty Images, Press Association, Britain, Mary’s, British, CNN, CNN’s Royal Locations: British, Catherine , Princess of Wales, Bath, England, Reading, Jerash, Jordan, Blenheim, Oxfordshire, Andrews, Scotland, AFP, Westminster, London, Buckingham, South Pacific, Tuvalu, St, St . Austell, Kingston , Jamaica, Caribbean, Duchess of Sussex, Windsor, South Korea, Kensington, Wales, Lindo, London’s St, of Wales, Princess

☆ Gold holds ground as investors seek direction from Fed
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: +2 min

An employee arranges one kilogram gold bars for a photograph in Bangkok, Thailand, on Jan. 13, 2016. Gold held steady on Tuesday as investors stayed on the sidelines ahead of the U.S. Federal Reserve policy meeting this week, which could offer further clues on the timing of likely interest rate cuts this year. With the Fed widely expected to hold rates steady at the end of its two-day monetary policy meeting on Wednesday, the market is awaiting policymakers' updated economic and interest rate projections. Gold prices fell 1% last week after data showed that U.S. consumer prices increased solidly in February and producer prices rose more than expected, reducing hopes around early Fed rate cuts. Traders are currently pricing in an about 51% chance of a Fed rate cut in June, compared with 56% on Monday, according to the CME FedWatch Tool.

Persons: Gold, Jerome Powell, Tim Waterer Organizations: U.S . Federal Reserve, Fed, KCM, PPI, Traders Locations: Bangkok, Thailand, Japan, England, Australia, Norway, Switzerland, Mexico, Taiwan, Brazil, Indonesia

☆ Gold slips as dollar firms, cenbank meetings in focus
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: +1 min

Gold prices slipped on Monday as the dollar held firm and investors braced for a slew of policy decisions from major global central banks including the U.S. Federal Reserve this week. The Fed is considered certain to keep rates at 5.25%-5.5% at the end of its two-day meeting on Wednesday. The dollar held steady near a two-week high against its rivals, making gold more expensive for other currency holders. Meanwhile, the Bank of Japan is expected to exit its ultra-dovish monetary policy at its two-day meeting ending on Tuesday. The Bank of England will hold its meeting on Thursday and is expected to stay put on rates.

Persons: Kyle Rodda Organizations: U.S . Federal Reserve, Bank of, Bank of England Locations: Bank of Japan

☆ Japan wage negotiations unlikely to affect the BOJs policy direction
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWage negotiations are unlikely to significantly shift the BOJ's policy direction: Portfolio managerJamie Halse of Platinum Asset Management thinks says wage increases at Japan's large companies is unlikely to affect the Bank of Japan's cautious approach to monetary policy.

Persons: Jamie Halse Organizations: Asset Management, of

☆ Gold's three-week winning streak under pressure amid U.S. inflation heat
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: +2 min

Gold prices were on track on Friday to snap a three-week winning streak as surprisingly hot U.S. inflation readings prompted traders to re-think on how swiftly and deeply the Federal Reserve could cut interest rates this year. A reading on consumer inflation earlier this week also showed some stickiness in inflation. Higher inflation adds pressure on the U.S. Fed to keep interest rates elevated, weighing on non-yielding assets such as gold, and increasing appeal for bonds, raising the dollar. Other data showed U.S. retail sales rebounded last month, but were below analyst estimates, while fewer people sought unemployment claims. Spot platinum fell 0.4% to $927.35 per ounce, palladium dropped 0.2% to $1,066.86, while silver was up 0.6% at $24.97.

Persons: Hugo Pascal Organizations: U.S, Fed, Traders Locations: Singapore, InProved .

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