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Day: August 5, 2024

Gold Rises Amid US Recession Fears

Gold prices drifted higher today, aided by worries that the US could be headed for a recession and rising bets that the Federal Reserve will likely need to start cutting interest rates aggressively.

Spot gold rose 0.14 percent to USD 2,446.83 per oun…

Oil Falls 1% Amid US Recession Fears

Oil futures extended losses in today’s session amid market volatility, as fears of a recession in the United States overshadowed concerns that escalating tensions in the Middle East could affect oil supplies.

Asian markets fell as investors abandoned…

Japanese Yen to 7-Month Highs as US Economic Slowdown Persist

Japan’s yen today hit its highest levels against the dollar since January 2024, as markets extended moves triggered last week after weak US labour data stoked recession worries and expectations of deeper rate cuts by the Federal Reserve.

The dollar i…

Japanese Yen to 7-Month Highs as US Economic Slowdown Persist

Japan’s yen today hit its highest levels against the dollar since January 2024, as markets extended moves triggered last week after weak US labour data stoked recession worries and expectations of deeper rate cuts by the Federal Reserve.

The dollar i…