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☆ Gold's record rally pauses due to stronger dollar, higher yields
▼ + stars: | 2024-10-23 | by ( ) www.cnbc.com time to read: +2 min

Gold prices surged to a record high on Wednesday as the conflicts in the Middle East and uncertainty surrounding the upcoming U.S. election spurred demand for safe-haven assets. Gold prices fell over 1% after hitting a record high on Wednesday, as a stronger dollar and a rise in U.S. Treasury yields countered support from safe-haven demand linked to the Nov. 5 U.S. election and Middle East war. Spot gold was down 1% to $2,721.12 per ounce as of 12:25 p.m. EDT (1410 GMT) after hitting a record high of $2,758.37 earlier in the session. However, gold could see the $2,800/oz level by the week's end on safe-haven demand, Haberkorn added. The dollar index rose 0.3% to near a three-month high, making gold less appealing for other currency holders, while U.S. bond yields climbed to a three-month high.

Persons: Bob Haberkorn, Haberkorn, Ole Hansen, Kamala Harris, Donald Trump Organizations: Treasury, Saxo Bank, U.S, Republican, Reuters Locations: U.S

☆ Inside Biden’s 2024 campaign media strategy that bypasses the Beltway press
▼ + stars: | 2024-04-02 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

In fact, Biden has engaged in a number of interviews this year, particularly with the Black and Hispanic press. “People in D.C. and New York may not always see it,” Michael Tyler, the Biden campaign communications director, told me by phone. The campaign argues that it adds up to media playbook that is inclusive of new media entities and other platforms with broad reach. “Number of times Jason Bateman has done a sit-down interview with President Biden: 2. Some of Biden’s hesitation to speak with the traditional news media likely stems from his frustration with how members of the press have covered him and his campaign.

Persons: Joe Biden, Bill Clinton, Barack Obama, “, ”, Jason Bateman, Sean Hayes, Will Arnett, —, Biden, Univision’s Enrique Acevedo, Adrian Carrasquillo, ” Michael Tyler, ” Tyler, Tyler, ” Jennifer Haberkorn, Robert Hur’s, Donald Trump, Obama, Zach Galifianakis, Trump Organizations: New York CNN, New York City, Hollywood, Black, Black Americans, D.C, Biden, Star, POLITICO, Biden White House Locations: 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

She left her job at Walmart because it was too physical, but her current job is mentally taxing. Nearly every Republican in the poll rated the economy unfavorably, and 59 percent of Democrats did. Steven Cabrera, 35, who works for the military in Phoenix, was among the 57 percent of voters who said economic issues were a bigger priority than societal ones. He wanted to know: Is that the reason our economy is “slowing down?” He wasn’t sure, but he thought it might be. He plans to vote for “the Republican, any Republican,” he said.

Persons: Suzanne Haberkorn, won’t, “, Steven Cabrera, Alexandria Ocasio Cortez, ” Organizations: Walmart, Research, Republican Locations: Waukesha, Wis, Phoenix, Alexandria Ocasio Cortez of New York, Ukraine

☆ Gold falls for the week on stronger dollar
▼ + stars: | 2023-05-12 | by ( ) www.cnbc.com time to read: +2 min

Gold prices fell to a one-week low on Friday, and was lower for the week, weighed down by a stronger dollar and an uptick in U.S. bond yields. Spot gold was last 0.24% lower at $2,010.84 per ounce, after falling as much as 0.7% earlier in the session. U.S. gold futures fell 0.2% to $2,016.40. Spot silver fell 1.02% to $23.9257 per ounce, down about 7% for its worst week in seven months. Fawad Razaqzada, market analyst at City Index, attributed the drop to the dollar rebound and concerns over China's economic recovery.

☆ Gold flirts with all-time highs as banking concerns deepen
▼ + stars: | 2023-05-04 | by ( ) www.cnbc.com time to read: +2 min

Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. REUTERS/Alexander ManzyukGold made another run toward record highs on Thursday as U.S. banking concerns accelerated a flight to the safe-haven asset and sustained its stellar rally driven by bets for a pause in U.S. rate hikes. Spot gold was up 0.3% at $2,045.79 per ounce after climbing earlier to $2,072.19, shy of a record high of $2,072.49. The Fed Funds target rate stands in the 5%-5.25% range, with markets expecting rate cuts in the second half of the year. In physical markets, lofty prices have tarnished gold demand in top Asian retail hubs.

☆ Gold retreats to weekly loss on hawkish Fed
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: +2 min

Gold fell sharply on Friday and was headed for its worst week in eight as hawkish remarks by U.S. Federal Reserve officials through the week bolstered bets for at least one more interest rate hike and buoyed the dollar. Spot gold dropped 1.4% to $1,976.27 per ounce by 12:18 p.m. U.S. gold futures fell 1.5% to $1,987.10. Bullion has shed about 1.2% so far this week, pressured by the dollar's gains overall, which made bullion more expensive for overseas buyers. Markets now see an 89% chance of a 25-basis point rate hike at the Fed's May 2-3 meeting.

☆ The red-hot labor market might be coming off its boil. Here's what jobseekers need to know about looking for work in an economic downturn.
▼ + stars: | 2022-06-23 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +8 min

Experts recommend making a few key adjustments to your job search during a downturn. Are you out of your mind to even consider quitting your job and looking for a new one right now? Set a strict schedule for how much time you spend on your job search each day. Expand your target list of employersIn a tight labor market, employers do what they can to widen their potential pool of qualified applicants. But the dynamics shift in an employer's market.

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