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☆ Gold ticks lower but holds near key $2,700 level
▼ + stars: | 2024-11-08 | by ( ) www.cnbc.com time to read: +2 min

Argor Heraeus SA-branded one kilogram gold bars are arranged for a photograph at the Chinese Gold and Silver Exchange Society in Hong Kong, China. Gold prices eased on Friday but hovered around the $2,700 level, as traders assessed the impact of Donald Trump's presidency and its implications for the U.S. interest rate outlook. Spot gold fell 0.4% to $2,697.19 per ounce as of 0251 GMT and was headed for a weekly loss. Gold prices are marginally pressured due to the market's uncertainty over U.S. political and policy developments, said Kyle Rodda, financial market analyst at Capital.com. Spot silver fell 0.8% to $31.75 per ounce, platinum fell 0.2% to $994.80 and palladium shed 0.21% to $1,022.36.

Persons: Argor, Donald Trump's, Kyle Rodda, Rodda, Brian Lan Organizations: Argor Heraeus, Silver Exchange Society, U.S, Federal Reserve, GoldSilver, Gold Locations: Hong Kong, China, Singapore, Beijing

☆ Gold holds steady as market awaits U.S. election outcome
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: +2 min

Gold held steady on Wednesday as investors keenly awaited the outcome of a tightly contested U.S. presidential race. Spot gold held its ground at $2,745.42 per ounce, as of 0218 GMT. Gold is considered a hedge against geopolitical and economic uncertainties and tends to thrive in a low-interest-rate environment. Elsewhere, Perth Mint reported a decline in October gold sales, while silver sales slipped to their lowest in four months. Spot silver fell 0.53% to $32.49 per ounce, platinum shed 0.6% to $993.45 and palladium was down 2.17% to $1,052.25.

Persons: Gold, Republican Donald Trump, Kamala Harris, Kyle Rodda, Jerome Powell's, Matt Simpson Organizations: Republican, D.C, Edison Research, Federal Reserve, Trump, Traders, Perth Mint Locations: Istanbul, Tuesday's U.S, Washington

☆ FBI asked to investigate death of Black man whose body was found hanging in abandoned Alabama home
▼ + stars: | 2024-11-02 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

The Colbert County Sheriff’s Office in Alabama is asking the FBI to investigate a case involving a Black man whose body was found hanging in an abandoned home amid claims from his wife that his death was made to look like a suicide. The sheriff’s office requested the FBI's involvement in the death of 39-year-old Dennoriss Richardson, whose body was found in September, according to The Associated Press. The sheriff's office did not immediately respond Saturday to a request for comment from NBC News. "The FBI is aware of the tragic death of Dennoriss Richardson and takes allegations of federal law violations seriously," the FBI said in a statement. Colbert County Sheriff Eric Balentine said, according to AL.com, that police spoke to other family members of Dennoriss Richardson who said he had been depressed.

Persons: Dennoriss Richardson, Leigh Richardson, AP Richardson, Leigh Ann Richardson, It’s, Dennoriss, Eric Balentine, Balentine, Sheriff Balentine, Leigh Ann, AL.com Organizations: FBI, Associated Press, NBC News, AP, Sheffield City Jail, Department of Forensic Science Locations: Colbert, Alabama, Colbert County, Sheffield, Huntsville

☆ Safe-haven gold on track for best month in seven
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +2 min

Gold Bullion from the American Precious Metals Exchange seen in this picture taken in New York on Sept. 15, 2011. Gold prices climbed to a record high on Thursday and were headed for their best month in seven on safe-haven demand ahead of the U.S. presidential election, while investors awaited U.S. inflation report for clues on the interest rate path. Spot gold was steady at $2,786.89 per ounce, as of 0254 GMT, after hitting a record high of $2,790.15 earlier in the session. "Traders want to buy gold whether it rises or falls, and that has kept retracements small and consolidations tight. All three metals were on track for a monthly gain.

Persons: Donald Trump, Kamala Harris, Kyle Rodda, Matt Simpson, Bullion Organizations: Precious Metals, U.S, Republican, Democratic, Trump, Capital.com, Index Locations: New York, U.S, United States, Index ., China

☆ Lilly Ledbetter, who sued Goodyear for gender discrimination and was an equal pay activist, dies at 86
▼ + stars: | 2024-10-13 | by ( Steve Almasy | ) edition.cnn.com time to read: +4 min

CNN —Lilly Ledbetter, whose gender pay equity legal fight was the inspiration for the Fair Pay Act of 2009, has died at age 86, according to the team making a film about her life. In the 1990s, after 19 years of working for Goodyear, Ledbetter learned she had been making thousands of dollars less each month that other – male – managers. When Barack Obama became president the first bill he signed into law was the Lilly Ledbetter Fair Pay Act. “My heart is with Lilly Ledbetter and her loved ones as they mourn her passing,” he said. “Lilly Ledbetter fought tirelessly for equal pay for men and women.

Persons: CNN — Lilly Ledbetter, Ledbetter, AL.com, Goodyear, Barack Obama, Lilly, ”, “ I’ll, ” Obama, “ Lilly, “ Michelle, Chuck Schumer, Lilly Ledbetter, “, –, “ Lilly Ledbetter, Marc Benioff, ” Benioff, hasn’t, Chuy Garcia, Lilly’s, ” Garcia, Deborah Vagins, CNN’s Vanessa Yurkevich, Jeanne Sahadi Organizations: CNN, Goodyear, AFL, American Federation of Labor, Industrial, Congress, White, National Committee, Pay Equity Locations: backpay

☆ Chipotle's prices vary across the US. Here's how to see the difference.
▼ + stars: | 2024-10-10 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

One patron pulled pricing data and found some wide differences between Chipotle locations. It shows that the same meal can cost up to 40% more at some Chipotle locations than others. "Me and my friends loved going to Chipotle," Cohen said. It's common for prices to vary at US restaurants depending on the cost of living where they're situated. A five-minute drive away, another Chipotle location was charging $10.95 for the same order when Cohen pulled the data.

Persons: Chipotle, —, Adam Cohen, Cohen, — Cohen, Chicken Al Pastor, Adam Cohen Adam Cohen Cohen, chipotlecost.com, I've Organizations: Service, Binghamton University, East, Taco, Purdue University, West Lafayette Chipotle Locations: New York, —, West Lafayette , Indiana, The Bronx, New York City, West Lafayette, Brea , California, West Coasts, Los Angeles, San Francisco, Ohio, Oklahoma, taconomical.com, Taco Bell, Indiana, West, Chipotle

☆ Dollar hovers near two-month peak as Fed easing bets ebb before inflation data
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day. The U.S. dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day. The euro languished near its lowest since Aug. 13, while against the yen, the dollar hovered close to its strongest level since Aug. 15. The dollar index was little changed at 102.86 as of 0024 GMT, sticking close to Wednesday's high of 102.93. The greenback eased 0.18% to 149.035 yen , but was not far from the overnight peak of 146.365.

Persons: Kyle Rodda, —, Rodda, Mary Daly Organizations: U.S ., Federal Reserve, Reuters, U.S, CPI, Francisco Fed, Traders, New Locations: U.S

Covered by homeowners insurance: Not covered by homeowners insurance: FireWaterTheftVandalismHail , wind, lightning*, wind, lightning* Damage by a falling tree Maintenance and repairFloodEarthquake* Standard homeowners insurance covers hail damage, but there may be an exclusion if you live somewhere that gets a lot of it. Contact Information for Major Homeowners Insurance ProvidersState FarmClaims Phone Number: 800-732-5246Website: www.statefarm.comAllstateClaims Phone Number: 800-255-7828Website: www.allstate.comGEICOClaims Phone Number: 800-841-3000Website: www.geico.comUSAAClaims Phone Number: 800-531-8722Website: www.usaa.comLiberty MutualClaims Phone Number: 800-225-2467Website: www.libertymutual.comTips for a Smooth Homeowners Insurance Claim ProcessThough most homeowners insurance companies make it pretty easy to file a claim, the process can still be intimidating if you've never been through it before. Homeowners insurance claim FAQWhat should I do immediately after damage occurs? If your home insurance claim is denied, contact your insurance company to find out why, then file an appeal. She’s reviewed life insurance and pet insurance companies and has written numerous explainers on travel insurance, credit, debt, and home insurance.

Persons: Steve Wilson, you've, you'll, haven't, Jamela Adam, Read, Asis Alani Asis, Forbes, She’s Organizations: Hippo Insurance, Insurance, Major Homeowners Insurance, Allstate, Liberty, Smooth Homeowners, Records, All Communications, National Association of Public Insurance, National Association of Independent Insurance, Chevron, Forbes, . News, Mint Intuit, Asis, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: U.S, Manoa

☆ Gold, silver head for weekly gains on U.S. rate-cut momentum
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +2 min

Gold and silver prices retreated on Friday from record highs, but were positioned for weekly gains on growing anticipation of another bumper U.S. interest rate cut this year, as markets awaited a key inflation report for additional guidance. Gold and silver prices retreated on Friday from record highs, but were positioned for weekly gains on growing anticipation of another bumper U.S. interest rate cut this year, as markets awaited a key inflation report for additional guidance. Silver prices surged due to bullion's strong performance and China's stimulus measures, though some analysts warn that the rally may fade due to concerns over industrial demand. The Federal Reserve's larger-than-usual half-percentage-point reduction last week ignited a rally in gold, which hit consecutive record highs and has gained about 1.8% so far this week. Gold prices are currently supported by anticipated U.S. Fed interest rate cuts and China's stimulus measures, both of them are weakening the dollar, said Kyle Rodda, financial market analyst at Capital.com.

Persons: Kyle Rodda Organizations: FedWatch, U.S, BMI Locations: U.S

☆ Gold set for weekly gain on Fed rate cut boost
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: +2 min

Gold lingered near record high levels on Friday and was on track for a weekly gain after the Federal Reserve's recent super-sized interest rate reduction and on signs that further cuts were on the horizon. Spot gold rose 0.2% to $2,592.17 per ounce, as of 0309 GMT, up about 0.6% for the week so far. Bullion rose to a record high of $2,599.92 on Wednesday after the Fed began easing monetary policy with a half-percentage-point rate cut. "Gold prices are expected to be well supported in the coming months due to a weaker U.S. dollar and lower bond yields, as well as against a backdrop of elevated geopolitical tensions," BMI said in a note. Spot silver rose nearly 1% to $31.09 per ounce and palladium gained 0.6% to $1,086.75.

Persons: Gold, Kyle Rodda Organizations: Federal, Fed, Capital.com, BMI Locations: Birmingham, England, Capital.com . Lower U.S, East, Lebanon, Israel, Lebanese, China, Switzerland

☆ Bulletproofing America’s Classrooms
▼ + stars: | 2024-09-18 | by ( Emily Baumgaertner | Alex Kalman | ) www.nytimes.com time to read: +11 min

Ballistic armor companies are marketing protective products designed for the military to parents and schools. A snippet from a series of demonstration video on First Line Furniture's website. Bulletproof Collapsible Safe RoomsA snippet from a demonstration video on the KT Security Solutions website. Still, with another back-to-school season in full force, some educational leaders are deeply troubled by the proliferation of armored products. “Arm us with books, counselors and resources, not bulletproof vests,” said Randi Weingarten, president of the American Federation of Teachers.

Persons: ’, McGraw Hill, ”, Dewey Cornell, Steve Naremore, you’re, ’ ”, I’m, —, Kenneth Trump, “, Carrie Gaines, Gunnar, Hardwire, Trump, James Bond, Aaron Taormino, Seals, Mr, Daniel Leventry, ’ It’s, we’ll, J.C, Velazquez, Let’s, Ross Kaelin, Steven Lamkin, Randi Weingarten Organizations: National Institute of Justice, “, University of Virginia, Atomic Defense, Tuffy, New York Times, Lineville Elementary, KT, Solutions, KT Security Solutions, 3M, Covenant School, Salisbury Christian School, Police, American Federation of Teachers Locations: United States, Uvalde , Texas, America, Redding, Calif, Parkland, Tampa , Fla, ‘, Alabama, Nashville, Tenn, Maryland, Salisbury, Md, hardwirellc.com

☆ Champions League Tuesday takeaways: Bayern Munich and Endrick make history
▼ + stars: | 2024-09-18 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

CNN —The Champions League returned on Tuesday with a bang. Bayern beat Dinamo Zagreb of Croatia 9-2 at Allianz Arena, becoming the first team in Champions League history to score nine goals in a single match. “What were my chances of setting foot even in the Premier League, playing in the Premier League, winning something as a player, playing for the national team? Kylian Mbappé opened his Champions League account for Real, scoring just after half-time before Deniz Undav equalized for the German side. It was the first game in Champions League history to feature five US players, per Goal.com.

Persons: Vincent Kompany, Striker Harry Kane, Michael Olise, Frenchman, Thierry Henry, Raphaël Guerreiro, Leroy Sané, Leon Goretzka, Daniel Kopatsch, Kompany –, Premier League –, “, ” Kompany, “ I’m, ”, Frank Hoermann, SVEN SIMON, Kylian Mbappé, Deniz Undav, Antonio Rüdiger, Endrick’s, Raúl, Carlo Ancelotti, ” Ancelotti, “ Endrick, Endrick, Thomas Coex, Weston McKennie, McKennie, Tim Weah, Malik Tillman, Richard Ledezma, Ricardo Pepi, Christian Pulisic, Pulisic’s, Ibrahima Konaté, Virgil van Dijk, Dominik Szoboszlai, Zeno Debast, Viktor Gyökeres ’, Angel Gomes, Debast’s, Gualter Fatia Organizations: CNN, Champions League, European soccer’s, Bayern Munich, Bundesliga, Bayern, Dinamo Zagreb, Allianz Arena, UEFA, Anorthosis Famagusta, League, Borussia Dortmund’s, Legia Warsaw, English, Burnley, Premier League, Real, Real Madrid, Blancos, Stuttgart, Getty, American, Juventus ’, PSV Eindhoven, Juventus, PSV, AC Milan, Liverpool, San, Sporting CP’s, Lille, Sporting, Sporting CP, PSV Eindhoven Young Boys, Aston Villa Bayern Munich, Dinamo Zagreb AC Milan, Liverpool Real Madrid, VfB Stuttgart Sporting CP Locations: European, Croatia, Brussels, Congo, Belgium, Madrid, AFP, San Siro, Milan, Lisbon, Lille, Debast

☆ South Alabama racks up highest point total by FBS team since 1991
▼ + stars: | 2024-09-13 | by ( Jamie Barton | ) edition.cnn.com time to read: +3 min

CNN —The South Alabama Jaguars racked up the most points scored by an FBS team in over 33 years on Thursday, as they thrashed the Northwestern State Demons 87-10. Remarkably, the Jaguars did so in just 51 minutes, as both head coaches agreed to shorten the fourth quarter to a six-minute running clock. South Alabama’s point total is the highest by an FBS team in a single game since Fresno State beat New Mexico 94-17 in October 1991. South Alabama dominated the running game with 363 yards on the ground to go with six touchdowns from four different players. Four touchdowns from South Alabama stretched the lead to an impressive 52-10 at halftime, but still the Jaguars did not let up.

Persons: Bothwell, Kentrell Bullock, Major Applewhite’s, I’m, ”, Gio Lopez, ” Lopez, Jamaal Pritchett, Lopez, Jeremiah Webb, Jarvis Durr Organizations: CNN, South Alabama Jaguars, FBS, Northwestern State, Jaguars, Fresno State, New, Sun Belt Conference ., Alabama, Demons, ” Jaguars Locations: New Mexico, North Texas, Ohio, ”, South Alabama

☆ Yen eyes 5-week high as focus turns to U.S. presidential debate, inflation
▼ + stars: | 2024-09-11 | by ( ) www.cnbc.com time to read: +2 min

Markets were also cautious ahead of the first debate between U.S. presidential hopefuls Kamala Harris and Donald Trump, with the candidates neck-and-neck ahead of the November election. The dollar was down 0.2% at 142.18 yen as of 0009 GMT, heading back towards the recent low of 141.75 yen, a level previously not seen since Aug. 5. The euro was little changed at $1.1019, after sliding to $1.10155 overnight for the first time since Aug. 19. Sterling was flat at $1.3080, following its drop to $1.3049 in the prior session, the weakest since Aug. 21. The stakes are particularly high considering the debate between Trump and President Joe Biden ultimately spurred the incumbent to drop out of the race.

Persons: Kamala Harris, Donald Trump, Sterling, —, Kyle Rodda, Trump, Harris, Joe Biden Organizations: Federal Reserve, Capital.com, Republican, Democratic, Trump

☆ Gold prices inch lower as U.S. inflation data looms
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged lower on Wednesday as investors remained on the sidelines ahead of a key U.S. inflation print later in the day that could set the tone for the Federal Reserve's September policy meeting. Gold prices edged lower on Wednesday as investors remained on the sidelines ahead of a key U.S. inflation print later in the day that could set the tone for the Federal Reserve's September policy meeting. Data on Tuesday showed that U.S. producer prices increased less than expected in July, reinforcing market view that cooling inflation will allow the Federal Reserve to cut interest rates soon. Atlanta Fed President Raphael Bostic said he wants to see "a little more data" before he's ready to support lowering interest rates. Gold, often used as a hedge against geopolitical risks, thrives when interest rates are low.

Persons: Kyle Rodda, Raphael Bostic, Ismail Haniyeh Organizations: Federal, Fed, Federal Reserve, Traders, Atlanta Fed, Investors Locations: U.S, Iran, Gaza, Israel

☆ Former Cornell student gets 21 months in prison for posting violent threats to Jewish students
▼ + stars: | 2024-08-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +1 min

SYRACUSE, N.Y. — A former Cornell University student arrested for posting statements threatening violence against Jewish people on campus last fall after the start of the war in Gaza was sentenced Monday to 21 months in prison. Patrick Dai, of suburban Rochester, New York, was accused by federal officials in October of posting anonymous threats to shoot and stab Jewish people on a Greek life forum. The threats came during a spike in antisemitic and anti-Muslim rhetoric related to the war and rattled Jewish students on the upstate New York campus. Dai pleaded guilty in April to posting threats to kill or injure another person using interstate communications. He was sentenced in federal court to 21 months in prison and three years of supervised release by Judge Brenda Sannes, according to federal prosecutors.

Persons: —, Patrick Dai, Dai, Brenda Sannes, Dai “, Dai’s, Lisa Peebles, ” Peebles Organizations: Cornell University, Israel, Ivy League Locations: SYRACUSE, N.Y, Gaza, Rochester , New York, New York, Israel, Ithaca , New York

☆ Markets are rebounding after Monday's massive meltdown, making rate decisions harder for the Fed
▼ + stars: | 2024-08-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewMarkets are rebounding after Monday's meltdown, injecting challenges into central banks' interest-rate decisions. The market volatility is due to a mix of factors including poor earnings results from several tech giants and a weak July payroll report. AdvertisementSome analysts are speculating that the BOJ rate cut was because it was under political pressure to shore up the floundering yen, Bloomberg reported on Monday. Related storiesGoing forward, the BOJ could have a harder time with the timing of its rate hike decisions. Talks of an emergency rate cutThe market selloff has also made the Fed's rate hike timing harder.

Persons: —, Kospi, Taiwan's Taiex, Kyle Rodda, It's, Vishnu Varathan, Mizuho Bank's, Capital.com's Rodda Organizations: Service, Business, Bank of Japan, US Federal Reserve, —, Bloomberg, Nikkei, Japan's, of Finance, Financial Services Agency Locations: Japan, Asia

☆ Gold prices set for monthly gain; traders eye Fed verdict
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: +2 min

An employee arranges one kilogram gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand, on Jan. 13, 2016. Gold prices held steady on Wednesday and headed for a monthly gain, supported by rising optimism surrounding U.S. interest rate cuts, while focus shifted to Federal Reserve's policy verdict due later in the day. Spot gold held its ground at $2,407.85 per ounce, as of 0200 GMT, and has gained more than 3% for the month. Gold will rally if the Fed language indicates that multiple cuts are coming," said Kyle Rodda, a financial market analyst at Capital.com. Traders will also keep an eye on the ADP employment report due later in the day and Friday's U.S. payrolls report.

Persons: Fed's, Kyle Rodda, Israel, Hezbollah's, Rodda Organizations: Traders, Reuters Locations: Bangkok, Thailand, Federal, U.S, United States, Iraq, Beirut, Israel

☆ Biden's withdrawal from the presidential race spells uncertainty for the 'Trump trade'
▼ + stars: | 2024-07-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Joe Biden's withdrawal from the 2024 presidential race is causing market uncertainty. Analysts now expect more market volatility after Biden pulled out of the race. AdvertisementUS President Joe Biden's withdrawal from the presidential election is throwing fresh uncertainty into the markets for a second straight week. Investors were already trying to position themselves for the so-called "Trump trade" following the failed assassination attempt on former President Donald Trump on July 13. Markets at large were relatively calm following Biden's withdrawal after the Trump trade gripped sentiment last week.

Persons: Joe Biden's, Trump, Biden, —, Donald Trump, Mark Haefele, Jim Reid, Kyle Rodda, Harris, Chris Weston, Pepperstone, Kamala Harris, Biden's, Haefele Organizations: Service, Trump, Republican, UBS Global Wealth Management's, Nasdaq, Treasury, Deutsche Bank, Democrats, Democratic Party, Democratic, UBS

☆ Safe-haven gold firms as Biden move sparks market uncertainty
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: +2 min

A one kilogram gold bar sits on top of silver bars at London bullion dealers Gold Investments in London, United Kingdom, on April 4, 2013. Gold prices firmed on Monday as the dollar eased following U.S. President Joe Biden's decision to withdraw from the 2024 presidential race, with investors turning to bullion as a hedge against an uncertain political and market outlook. Spot gold rose 0.2% at $2,405.40 per ounce, as of 0510 GMT, while U.S. gold futures gained 0.3% to $2,407.20. The prospect of rate cuts and political uncertainty in the United States are supporting gold prices, and conditions are in place for gold to see another record high before the end of 2024, said Kyle Rodda, a financial market analyst at Capital.com. Among other metals, spot silver fell 0.5% to $29.11 per ounce, platinum slipped 0.3% to $959.99, while palladium rose 1.1% to $916.18.

Persons: Joe Biden's, Kyle Rodda, Joe Biden, Donald Trump, Trump, Gold, Rodda Organizations: London, Investments, Republican, U.S Locations: London, United Kingdom, United States, U.S, China

☆ Yen jumps on suspected intervention, sterling hits one-year high
▼ + stars: | 2024-07-17 | by ( ) www.cnbc.com time to read: +4 min

The yen rose sharply on Wednesday in what traders suspected was likely the result of yet another intervention from Japanese authorities to prop up the battered currency from multidecade lows. The euro was last down 0.8% at 171.15 yen, while sterling fell 0.76% to 203.75 yen. Combined with the estimated amount spent a day earlier, Japan is suspected to have bought nearly 6 trillion yen via intervention last week. That sent traders paring back bets of a rate cut from the Bank of England in August, providing a small boost to sterling , which was last up 0.43% to $1.3029. But the more important data is the inflation data, and that's telling the market that the Fed is in a position to cut fairly soon."

Persons: Geoff Yu, Masato Kanda, Michael Brown, Kyle Rodda Organizations: Mellon, Kyodo, Bank of Japan, Bank of England, Monetary, MPC, Tuesday's, Federal Reserve, New Zealand, Reserve Bank of New Locations: London, Tokyo, Japan, Reserve Bank of New Zealand

☆ The marks of the failed Donald Trump assassination attempt are already all over the markets
▼ + stars: | 2024-07-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The failed assassination attempt on Donald Trump is likely to be on investors' minds this week. Bitcoin surged on haven trade following the event, while the dollar also rose as the "Trump trade" returned. AdvertisementThe failed assassination attempt on former President Donald Trump is expected to dominate markets this week as investors focus on the so-called "Trump trade." Even before the weekend events, economists and analysts were already debating what a Trump presidency would mean for the markets. "Judging by historical parallels, this event will galvanize the Trump vote, meaning the markets will gradually price in the so-called 'Trump trade,'" wrote Rodda.

Persons: Donald Trump, Bitcoin, Trump, —, Kyle Rodda, TMTG, Hong, Rong Organizations: Trump, Service, Investors Locations: United States, Tokyo, Paris, Frankfurt

☆ Stock market today: Stocks rise as Trump bets rally after failed assassination attempt
▼ + stars: | 2024-07-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks surged to record highs as markets mulled the impact of the attempted assassination of Donald Trump over the weekend. Investors anticipate the attempt will boost Trump's chances in the November Presidential election. AdvertisementUS stocks moved higher on Monday to test record highs after former President Donald Trump survived an assassination attempt over the weekend. Investors are betting that the tragic attempt on Trump's life will help hand him to the Presidency once again in November. A higher US dollar could also be in store under a potential Trump Presidency in November, though the dollar was about flat in early Monday trades.

Persons: Donald Trump, —, bitcoin, Tesla, Trump, Kyle Rodda Organizations: Trump Media, Service, Trump Media & Technology Group, GEO Group, Trump Presidency, Treasury, Here's Locations: United States

☆ Gold eases from May peak on profit taking
▼ + stars: | 2024-07-08 | by ( ) www.cnbc.com time to read: +2 min

A view of ingots of 99.99 percent pure gold, which are placed in a workroom, at Novosibirsk Refining Plant, Russia's leading gold refining and bar manufacturing plant, in Novosibirsk, Russia on Sept. 15, 2023. Spot gold fell 0.4% at $2,382.17 per ounce as of 0346 GMT, after rising to its highest level since May 22 on Friday. Traders are also pricing in a rising chance of a second rate cut in December. Elsewhere, top consumer China's central bank refrained from gold purchases to its reserves for a second consecutive month in June. "China may have paused their gold purchases, but it remains in demand overall.

Persons: We're, Kyle Rodda, CME's, Jerome Powell's, Powell, Matt Simpson, bullish, Simpson Organizations: Novosibirsk Refining Plant, Capital.com, Federal, Fed Locations: Novosibirsk, Russia, China

☆ Gold edges higher on softer yields; U.S. inflation data in focus
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged up on Monday as Treasury yields fell, while investors awaited key U.S. inflation data and Federal Reserve officials' comments through the week for fresh clues on the potential timing of the central bank's interest rate cut. Gold prices edged up on Monday as Treasury yields fell, while investors awaited key U.S. inflation data and Federal Reserve officials' comments through the week for fresh clues on the potential timing of the central bank's interest rate cut. Spot gold was up 0.2% at $2,325.53 per ounce as of 0333 GMT, after falling more than 1% on Friday. Benchmark 10-year U.S. Treasury yields edged down, making non-yielding bullion more attractive for investors. There are at least five Fed officials speaking this week, including San Francisco Fed President Mary Daly and Fed Governors Lisa Cook and Michelle Bowman.

Persons: Kyle Rodda, Rodda, Mary Daly, Lisa Cook, Michelle Bowman Organizations: Federal Reserve, Treasury, Capital.com, Traders, San Francisco Fed Locations: Capital.com .

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