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Some 74% of girls who received their first smartphone at age six said they felt distressed or were struggling, the study found. This decreased to 52% for those who got their first smartphone at age 15. Meanwhile, 42% of boys who got their first smartphone at age 6 experienced feeling distressed or struggling, and this reduced to 36% for those who received a smartphone at age 18. "Social media, we suggest delaying until 16, so a little older." Some academics and scientists remain unconvinced of a causal link between smartphones and poor mental health, however.
Persons: Zach Rausch, Jonathon Haidt's, Rausch, Christopher Ferguson Organizations: Research, New York University Stern School of Business, New York Times, CNBC Locations: preteens, U.S
Walmart shares have outperformed the market. Analysts remain overwhelmingly bullish on the stock with more than 80% of analysts rating shares a buy or overweight, according to FactSet. Target shares reflect the strain of the competition. And if Walmart continues to win over wealthier customers, that's more bad news for Target. On Tuesday, KeyBanc Capital Markets analyst Bradley Thomas reiterated that Walmart remains one of his top stock ideas.
Persons: Lindsay Rosner, Piper Sandler, Peter Keith, Keith, Daniel Kurnos, Kurnos, FactSet, Alexis Deladerriere, JLL, Christopher Horvers, JPMorgan's Horvers, Cowen, Oliver Chen, Chen, hasn't, Bradley Thomas, Thomas Organizations: Walmart, Target, Goldman Sachs Asset Management, Analysts, Keith, P Retail, Amazon, Microsoft, Apple, Adobe Analytics, Adobe, Amazon's, Costco, Amazon Prime, Sam's, Paramount, KeyBanc Capital Locations: Wednesday's
CNN —Five activists of the Just Stop Oil environmental campaign have been handed prison sentences for their involvement in organizing protests that blocked a major London highway in 2022, PA media reported, sparking a wave of criticism from climate advocates. Hallam was sentenced to five years’ imprisonment while the remaining four defendants were each handed four years in prison each. ‘Obscene perversion of justice’The sentences have drawn criticism from environmental agencies and scientists. The judge’s characterisation of climate breakdown as a matter of opinion and belief is completely nonsensical and demonstrates extraordinary ignorance. The judge’s characterisation of climate breakdown as a matter of opinion and belief is completely nonsensical and demonstrates extraordinary ignorance.
Persons: Roger Hallam, Daniel Shaw, Louise Lancaster, Lucia Whittaker De Abreu, Cressida Gethin, Christopher Hehir, Hallam, , , Jocelyn Ledward KC, Bill McGuire, Amy Cameron, Sir David King Organizations: CNN —, Prosecutors, Metropolitan Police, University College London, Greenpeace UK’s, Geophysical Locations: London
Read previewBarely a week after the failed assassination of former US President Donald Trump, investors are already moving on from the "Trump trade." The "Trump trade" refers to investor strategies that reflect the market consequences of a second Trump presidency. Schumacher said the "Trump trade" has run its course and is "about done for now." Focus on Fed interest rate decisionTo be sure, a second Trump presidency — including his administration's trade and tariff policies — would have important implications for the macroeconomy and markets, say most analysts. On Wednesday, Fed Governor Christopher Waller indicated that the central bank would cut "in the not-too-distant future."
Persons: , Donald Trump, Trump, Michael Schumacher, Schumacher, Vishnu Varathan, Mizuho Bank's, Jerome Powell, Christopher Waller Organizations: Service, Trump, Business, Federal Reserve, US Treasury, Bloomberg, Wells, Wells Fargo Securities, Fed, Swiss, UBS Locations: Wells Fargo, Asia, Japan
AdvertisementA wave of violence against political leadersAround the world, politics has been rocked by a wave of assassinations of political leaders, dissidents, and other high-profile figures. In the UK, political assassinations were once rare, but two members of parliament were assassinated in five years. Political violence is on the riseA 2018 protest in Turkey against the murder of Jamal Khashoggi, a Saudi dissident. Bruce Hoffman, an expert on terrorism at the Council on Foreign Relations, told Business Insider that rising political violence is the outcome of increasing global instability. - Getty ImagesAnother factor behind the spike in assassinations is the increasing instability of the global political order.
Persons: , Donald Trump, It's, Jo Cox, Sir David Amess, Robert Fico, Alexander Navalny, Vladimir Putin, Shinzo Abe, Fernando Villavicencio, Zoran Djindjic, Jamal Khashoggi, Mohammed bin Salman, Emrah, Bruce Hoffman, Hoffman, Trump, Joe Biden, General Merrick Garland, Christopher Wray, Gretchen Whitmer, Paul Pelosi, Nancy Pelosi, who'd, Tommy Mair, John Bolton, Volodymyr Zelenskyy, Nicholas Maduro, Abe, Jacob Ware Organizations: Service, CNN, Business, Slovakian, Kremlin, Serbian, CIA, University of Maryland's, Council, Foreign Relations, Trump, New York Times Locations: Pennsylvania, Saudi Arabian, Saudi, Turkey, Saudi Arabia, Michigan, Washington , DC, Slovakia, India, Iran
Wells Fargo says it's time to buy banks as a Trump trade
  + stars: | 2024-07-18 | by ( Pia Singh | ) www.cnbc.com   time to read: +2 min
Banks are headed for a significant period of outperformance in the near term as the "Trump Trade" heats up, according to Wells Fargo. The analyst replaced health care with banks in the firm's recommended sector barbell under the belief the group will outperform under an improved regulatory environment. Harvey added that banks' macroeconomic backdrop is already improving with the Treasury curve beginning to steepen, the pace of mergers and acquisitions accelerating, and consumer credit in line with expectations. Bank stocks are trading at a "significant discount," Harvey noted. That kind of move implies roughly 15% of outperformance over the next one to three months.
Persons: Banks, Saturday's, Donald Trump, Morgan Stanley, Wells, Christopher Harvey, Harvey Organizations: Trump, Republican, Fund, Traders, Bank of America, Citigroup Locations: Wells Fargo
The yield on the 10-year Treasury was trading around 4.1672% at 2:20 a.m. The yield on the 2-year Treasury was also 2 basis points higher at 4.4524%. U.S. Treasury yields moved higher on Thursday as investors digested a range of comments by Federal Reserve officials and what they could mean for interest rates. It comes as traders increasingly bet on a September interest rate cut by the Federal Reserve, with a reduction in July now seen as highly unlikely. Earlier this week, Federal Reserve Chair Jerome Powell said interest rates would likely be cut before inflation reaches 2%.
Persons: Christopher Waller, John Williams, Thomas Barkin, Jerome Powell, you've, Powell, Dow Jones, , Jeff Cox Organizations: Treasury, U.S, Federal Reserve, Federal, York Fed, Wall Street Journal, Richmond Fed, Deutsche Bank, Economic, of Washington D.C
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe gunman who nearly killed Donald Trump last weekend had also searched for information about Joe Biden, according to a report from The New York Times. They found that he had looked up photos and public appearances of both Trump and Biden, The Times reported. A bystander standing near Trump was killed in the shooting, two more were injured, and Crooks himself was shot and killed by Secret Service snipers.
Persons: , Donald Trump, Joe Biden, Thomas Matthew Crooks, Trump, Biden, Crooks, Christopher Wray, General Merrick Garland, Crooks's Organizations: Service, The New York Times, FBI, The Times, Business, Trump, Democratic National Convention, Republican, Times, Secret Service Locations: Pennsylvania, Bethel Park , Pennsylvania, Trump
Gold shines on rising Fed rate-cut outlook
  + stars: | 2024-07-18 | by ( ) www.cnbc.com   time to read: +2 min
Spot gold rose 0.1% to $2,461.27 per ounce, as of 0218 GMT. Fed Governor Christopher Waller and New York Fed President John Williams both noted the shortening horizon toward looser monetary policy. Separately, Richmond Fed President Thomas Barkin said he is "very encouraged" on broadening declines in inflation. "Over the next 6-12 months, regardless of who wins the (U.S.) election, we see gold rising to $2700-$3000 and silver to $38," Citi Research said. Spot silver rose 0.2% to $30.35, platinum steadied at $994.81 and palladium gained 0.4% to $955.77.
Persons: Ryan McIntyre, Christopher Waller, John Williams, Thomas Barkin, CME's Organizations: Sprott Asset Management, Holdings, New York Fed, Richmond Fed, Federal, Citi Research, Investors, U.S Locations: U.S, ., China
Mortgage rates are down this week, with 30-year mortgage rates averaging around 6.30%, according to Zillow data. This should remove some of the upward pressure off of mortgage rates and allow them to trend down. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Now that the Fed has paused hiking rates, mortgage rates have come down a bit. Once the Fed starts cutting rates, which may happen this year, mortgage rates should fall even further.
Persons: Christopher Waller, Waller, Freddie Mac Organizations: Federal Reserve Bank of Kansas City, Fed, Zillow, Federal Reserve Locations: Chevron
Two-and-a-half years after Chancellor Olaf Scholz vowed to overhaul Germany’s military, his government’s proposed budget for 2025 calls for only a modest increase in defense spending. The draft budget was deeply disappointing to those looking for signs that Germany would live up to Mr. Scholz’s promise of a “Zeitenwende,” defined by the chancellor himself as an “epochal tectonic shift” in strategy, which he announced with great fanfare in the wake of Russia’s invasion of Ukraine. With the war in Ukraine grinding on, Russia continuing to saber-rattle and Donald J. Trump gaining momentum for a return to the White House, Germany has been under increasing pressure from its allies to step into a more robust security role. To live up to that pledge, Boris Pistorius, Germany’s defense minister, had asked for an increase of 6.7 billion, or $7.3 billion, over the 52 billion euros, or nearly $57 billion, in this year’s budget. The shortfall deepened concerns that Mr. Scholz’s unpopular government lacks the will or political backing to push Germans to overcome their historical reluctance to take the lead militarily since the calamity of World War II.
Persons: Chancellor Olaf Scholz, Scholz’s, Donald J, Boris Pistorius Organizations: Trump, White Locations: Germany, Ukraine, Russia
But the Secret Service, the agency charged with protecting Mr. Trump, did not stop him from taking the stage. Eight minutes after Mr. Trump started to speak, Mr. Crooks fired off bullets that left the Republican presidential nominee bloodied and a rally visitor dead. Image Secret Service snipers surveilling the surrounding area before Mr. Trump began to speak. But that created a blind spot, outside the security perimeter but well within rifle range of Mr. Trump. Mr. Crooks also typed in “major depressive disorder” and searched for dates and places for appearances for both Mr. Biden and Mr. Trump.
Persons: Donald J, Trump, — Thomas Matthew Crooks, Crooks, Eric Lee, Marsha Blackburn, Biden, Alejandro N, Mayorkas, Kimberly A, Cheatle, Butler, Kristian Thacker, , Richard Goldinger, General Merrick B, Garland, Christopher A, Wray, Trump’s, Crooks’s, Pittsburgh’s WTAE, Doug Mills, Mr, , Edward Natali, Crooks “, Natali, , bloodying, Corey Comperatore, Eduardo Medina, Jeanna Smialek, Chelsia Rose Marcius, Mark Walker, John Ismay, William K Organizations: Service, Republican, Secret, New York Times, Secret Service, Biden Sunday . Homeland, ABC News, The New York Times, The Times, AGR International, Mr, Police Department Locations: Butler, Pa, Tennessee, ” Butler County, Bethel Park, Butler County, Washington, New York
A former Goldman Sachs and Blackstone analyst was sentenced to 28 months in prison Wednesday for insider trading, after admitting that his conduct was “catastrophically stupid.”Anthony Viggiano, 27, of Baldwin, New York, was sentenced by US District Judge Valerie Caproni in Manhattan, after pleading guilty in January to securities fraud. Viggiano was accused of passing tips on eight planned corporate mergers and partnerships between 2021 and 2023 to college friend Stephen Forlano and construction sales representative Christopher Salamone, a childhood neighbor. Forlano passed some tips to a US Army captain he was friends with, prosecutors added. The eight transactions included American International Group’s sale of part of a business to Blackstone and the purchase of satellite operator Maxar Technologies by private equity firm Advent International, a Goldman client. Salamone’s sentencing is on August 20, while the Army captain was not criminally charged.
Persons: Goldman Sachs, ” Anthony Viggiano, Baldwin, Valerie Caproni, Viggiano, Stephen Forlano, Christopher Salamone, Prosecutors, Forlano, Goldman, , ” Viggiano’s, Steven Brill, Organizations: Blackstone, US, US Army, Maxar, US Marine Corps, Army Locations: Baldwin , New York, Manhattan, Salamone
Earl Washington loves wood. He loves maple wood from Wisconsin and boxwood from Turkey. But most of all he loves carving it. “If I’m looking at your face when I’m talking to you, I’m literally looking at how I’m going to carve your eyes and carve your nose on a piece of wood,” he said in an interview. To profitably sell woodblocks — which can be an oddity in the art market — Washington decided he also needed myth.
Persons: Earl, , Washington Organizations: Earl Washington Locations: Wisconsin, boxwood, Turkey, Washington
To understand anchovies, you need to understand umami. For most of history, just four tastes were recognized: sweet, sour, bitter and salty. He named the taste umami, after the Japanese word “umai,” which translates — very roughly — as savory taste. Preserved anchovies — whether salted, packed in oil or transformed into fish sauce — have extraordinarily high levels of umami. We know we need to be eating more whole foods, more plants, more good fats, more grains and pulses.
Persons: Democritus, Kikunae Ikeda, Ikeda, it’s Locations: Japanese, Asia, Rome, haute, York
At the outset of Christopher Marlowe’s late 16th-century play “The Tragical History of Dr. Faustus,” the scholar at the center of the tale abandons all the learning he has mastered. Law, philosophy, medicine — none of these have fulfilled his boundless ambition. Vance of Ohio, who on Monday was offered and accepted the invitation to be Donald Trump’s running mate. What he has renounced in the process is in the public record for all to see. Mr. Trump’s White House tenure, he said, had changed his mind, but it’s hard to take the senator entirely at his word.
Persons: Christopher Marlowe’s, Dr, Faustus, , ” —, J.D, Vance of Ohio, Donald Trump’s, Vance, Trump, Hitler, Trump’s Organizations: Republican
The Fed will cut rates in the "not-too-distant future" if inflation and the labor market remain favorable. That's according to Fed Governor Christopher Waller, who delivered remarks on Wednesday. Other Fed officials still say they still need to see more data inflation is cooling. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Federal Reserve is getting ready to cut interest rates.
Persons: Christopher Waller, Organizations: Service, Reserve, Kansas City Fed, Business
WASHINGTON — House Speaker Mike Johnson and other top Republicans are calling for the resignation of Secret Service Director Kimberly Cheatle days after a gunman tried to assassinate former President Donald Trump at a Pennsylvania rally. FBI Director Christopher Wray, Deputy Director Paul Abbate, as well as Secret Service Deputy Director Ronald Rowe are on the list of briefers. The most critical, perhaps, is why was the roof of a building within 150 yards of Trump was not secured by the Secret Service or local law enforcement. They also want to know why Secret Service snipers on another roof in the area didn't engage the shooter until after Crooks had fired multiple times. I am the director of the Secret Service."
Persons: Mike Johnson, Kimberly Cheatle, Donald Trump, , Johnson, Steve Scalise, Cheatle, Thomas Matthew Crooks, Trump, Christopher Wray, Paul Abbate, Ronald Rowe, Crooks, Anthony Guglielmi Organizations: Republican National Convention, WASHINGTON —, Fox News, Trump, Democrats, Lawmakers, Service, ABC News, NBC News, SWAT, Secret, Secret Service Locations: Milwaukee , Wisconsin, U.S, Pennsylvania, Milwaukee, Butler , Pennsylvania
Gold eases after hitting fresh record
  + stars: | 2024-07-17 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) 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. Gold prices extended their rise to a fresh all-time high on Wednesday, as growing optimism for an interest-rate cut from the U.S. Federal Reserve in September and a weaker dollar boosted demand. Spot gold eased about 0.2% to $2,462.85 per ounce, driven by profit-taking, after the bullion hit a high of $2,482.29 earlier in the session. Markets now see a 98% chance of a U.S. rate cut in September, according to the CME FedWatch Tool. Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.
Persons: David Meger, Christopher Waller Organizations: Co, U.S . Federal Reserve, High, Fed Locations: Bangkok, Thailand, U.S
The best Prime Day deals are the ones that let you fill a need in your life while saving a few bucks. Read on for our editor's personal picks from this year's sale, and catch the remaining sales in our main Prime Day deals hub. Amazon Prime Day deals our experts bought themselvesI'm moving from a huge home in Kansas to a tiny apartment in New York City. I used Prime Day as an opportunity to downsize to a smaller model that was recommended by our air fryer expert. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for more.
Persons: you've, Read, fryer, — Lauren Savoie, I've, It's, Samantha Crozier, Gabrielle Chase, Sam, Sally Kaplan, TCL, Brendan Griffiths, Anker, — James Brains, — Sally Kaplan, Dot, — Christopher Meinck, They're, it's, — Jaclyn Turner, Lauren Savoie, I'm, I'd, — John Lynch, They've, Mandolines, NoCry, Les Shu Organizations: Business, Amazon Prime, Sony, Microsoft, Taco Bell, Lenovo, Echo, Commerce, JW, JW PEI, Love Locations: Kansas, New York City, Taco, Crystal City, Hawaii, Brooklyn, Europe
But the Secret Service, the agency charged with protecting Mr. Trump, did not stop him from taking the stage. Image Secret Service snipers surveilling the surrounding area before Mr. Trump began to speak. But that created a blind spot, outside the security perimeter but well within rifle range of Mr. Trump. was able to finally access Mr. Crooks’s cellphones and other electronic devices, agents could see that he had searched for images of Mr. Trump as well as President Biden, Attorney General Merrick B. Garland and even F.B.I. Mr. Crooks also had at typed in “major depressive disorder” and searched for dates and places for appearances for both Mr. Biden and Mr. Trump.
Persons: Donald J, Trump, — Thomas Matthew Crooks, Crooks, Eric Lee, Marsha Blackburn, Biden, Alejandro N, Mayorkas, Kimberly A, Cheatle, Butler, Kristian Thacker, , Richard Goldinger, General Merrick B, Garland, Christopher A, Wray, Trump’s, Crooks’s, Pittsburgh’s WTAE, Doug Mills, Mr, , Edward Natali, Crooks “, Natali, , bloodying, Corey Comperatore, Eduardo Medina, Jeanna Smialek, Chelsia Rose Marcius, Mark Walker, John Ismay, William K Organizations: Service, Republican, Secret, New York Times, Secret Service, Biden Sunday . Homeland, ABC News, The New York Times, The Times, AGR International, Mr, Police Department Locations: Butler, Pa, Tennessee, ” Butler County, Bethel Park, Butler County, Washington, New York
Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment. "So, while I don't believe we have reached our final destination, I do believe we are getting closer to the time when a cut in the policy rate is warranted." Keeping with statements from other policymakers, Waller's sentiments point to an unlikelihood of a rate cut when the Federal Open Market Committee meets later this month, but a stronger likelihood of a move in September. "Given that I believe the first two scenarios have the highest probability of occurring, I believe the time to lower the policy rate is drawing closer," Waller said. Williams noted that inflation data is "all moving in the right direction and doing that pretty consistently" and is "getting us closer to a disinflationary trend that we're looking for."
Persons: Christopher Waller, Waller, John Williams, Williams Organizations: Federal, Kansas City Fed, Market Committee, CNBC, New York Fed, Wall Street, Fed, Traders
CNN —Like its titular tornados, “Twisters” blasts through a lot in its 122-minute runtime. Generally, scientists are the least certain about the connection between tornadoes and climate change as it’s unclear how warming temperatures are changing storms themselves or the outbreaks. Cathy, a local farmer, gripes that storms and floods are becoming more frequent, and the price of wheat more expensive, while stopping short of citing climate change. However, for a film populated by scientists and clued-in citizens to not mention climate change is a little like the twisters themselves: there’s a hole at the center. !”“Making a ‘Twisters’ movie in Tornado Alley during storm season, tornado season, it’s kind of perfect.
Persons: Glen Powell’s brawn, , , Lee Isaac Chung, “ We’ve, , Javi, Anthony Ramos, Kate, Daisy Edgar, Jones, ” Lee, Maura Tierney’s, Cathy, that’s, Lee, Glen Powell, Mark L, Smith, Joseph Kosinski, it’s, we’re, Kevin Costner, Yorgos, Matt Smith, Fabien Frankel, Anya Taylor, Joy, Max, George Miller, Chris Hemsworth, Samsik, Kang, , Nicola Coughlan, Luke Newton, Guy, Ryan Gosling, Emily Blunt, David Leitch, stuntmen, Jane Schoenbrun, Justice Smith, Brigette Lundy, Paine, Josh O'Connor, Idris Elba, Adam Pally, Hao Xuande, Sandra Oh, Chan, Henry Cavill, Alex Pettyfer, Guy Ritchie's, Guy Ritchie, Jerry Bruckheimer, Isabella Rossellini, Kristen Stewart, she's, Denis Villeneuve, Frank Herbert's, Jessica Chastain, Austin Butler, Ambika Mod, Leo Woodall, Molly Manning Walker, Bryan Cranston, Matthew Vaughn, Ava DuVernay, Aunjanue Ellis, Taylor, Paul Mescal, Andrew Scott, George Clooney, Pedro Alonso, Penelope Cruz, Laura Garello Ferrari, Adam Driver, Michael Mann, Emma Stone, Bella Baxter, Willem Dafoe, Mark Ruffalo, Ramy Youssef, Imelda Staunton, Dominic West, Ncuti Gatwa, Paul King, Hugh Grant's Oompa, Napoleon, Vanessa Kirby, Ridley Scott, Nicolas Cage, Emerald Fennell, Jacob Elordi, Priscilla, Sofia Coppola, Elvis Presley, Kitty Green, Justine Triet, Sandra Hüller, Palme, Ryu Seungryong, Oppenheimer, Christopher Nolan, Cillian Murphy, Robert Downey Jr, Margot Robbie, Ken, Greta Gerwig, Mattel, Tom Cruise, Christopher McQuarrie, Simon Pegg, Scarlett Johansson, Jason Schwartzman, Adrien Brody, Jeffrey Wright, Wes Anderson, Celine Song, Greta Lee, Halle Bailey, Javier Bardem, Kim Woo, Seung, Cho Ui, seok, Jan de Bont’s, ” Glen Powell, Melinda Sue Gordon, Ramos, Powell, everybody’s weirdly, ” Powell, Tyler Owens, “ I’m, anyone’s Organizations: CNN, , Universal Pictures, Warner Bros ., CNN CNN, Ungentlemanly, Locations: Midwest, Oklahoma, Arkansas, Korea, Modena, Palme d'Or,
We found the best Amazon Prime Day outdoor furniture deals to help you achieve your dream al fresco space. As we've reached the midway point of summer, now is the best time to find savings on the best outdoor patio furniture, including seating and dining sets, firepits, umbrellas, and more. Shop all Prime Day outdoor furniture deals on Amazon. Prime Day outdoor furniture deals echo savings you would find during major holidays like Independence Day and Black Friday. Check out our roundup of all of the best Prime Day deals here, or browse Amazon's website for more.
Persons: we've, we'll, pesky, Ashley, Christopher Knight, Walker Edison Organizations: Business, Amazon, Furniture, Flash Furniture, Amazon Prime
Gold drifts higher as U.S. rate cut optimism boosts appeal
  + stars: | 2024-07-16 | by ( ) www.cnbc.com   time to read: +2 min
A five hundred gram gold bar, left, and a a one kilogram gold bar, produced by Swiss manufacturer Argor Hebaeus SA, in Budapest, Hungary. Gold prices nudged higher on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a September rate cut, while investors awaited more U.S. economic data for further monetary policy cues. Spot gold rose 0.1% to $2,423.89 per ounce by 0140 GMT. A rate cut in September is now fully priced in by markets, which may keep sentiments in gold prices well-supported in the lead-up," said IG market strategist Yeap Jun Rong. Investors were awaiting U.S. retail sales data due at 1230 GMT on Tuesday and comments from Fed governors Christopher Waller and Adriana Kugler later this week for further direction.
Persons: Jerome Powell, Powell, Yeap Jun Rong, Christopher Waller, Adriana Kugler, Yeap Organizations: Argor Hebaeus SA, Federal, Investors, Reuters Locations: Swiss, Budapest, Hungary
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