In today’s Asian market session, gold prices exhibited narrow trading as investors processed the latest cues from the Federal Reserve and anticipated the release of flash US PMI data. The precious metal found immediate support in the range of $1,989-$1,988, with additional backing from the 200-day Simple Moving Average (SMA)…

Investing.com – The U.S. dollar edged lower in early European trade Wednesday, but remained near a two-week high, ahead of key employment data, while the euro headed lower after weak German factory orders. At 04:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against a basket of six…

Source: petert2/Adobe The Russian government wants to fast-track the launch of the digital ruble – and now claims that all citizens will be able to use the CBDC in 2024. The Central Bank has previously claimed that Russians may have to wait until 2027 for a full nationwide rollout. But…

Wall Street’s “fear gauge” hasn’t been this low since before the COVID crisis of 2020 took hold. The Cboe Volatility Index VIX, a gauge of expected stock-market volatility over the coming 30 days, has been trading below the 13 mark since last Friday, when it closed at 12.46, its lowest…

© Reuters. Bandhan Bank’s board has given the green light for Chandra Shekhar Ghosh to continue as Managing Director and CEO for a further three-year term starting July 10, 2024. The bank made this announcement today, stating that the reappointment is subject to subsequent approval from both the Reserve Bank…

Investing.com– Gold prices hovered just below key highs on Friday as a U.S. market holiday made for scant trading cues, with focus now turning to upcoming business activity readings for more cues on the world’s largest economy.  The yellow metal was still headed for a second straight week of gains,…

By Fergal Smith TORONTO (Reuters) – Analysts see less upside for the Canadian dollar than previously thought over the coming year as recent data showing a slowdown in the domestic economy brings forward the expected start of Bank of Canada interest rate cuts, a Reuters poll found. The median forecast…

The meme coin phenomenon has a new contender in Bonk Token, which has experienced an astonishing 1,000% surge within a mere 30 days, signaling a potentially seismic shift in the meme coin hierarchy. With its price currently at a modest $0.000013 and a staggering $2 billion in daily trading volume,…

U.S. stocks closed mostly lower Wednesday, but still were poised for their biggest month of gains this year, as Treasury yields retreated and investors hoped for Federal Reserve rate cuts next year.How did stock indexes trade? The Dow Jones Industrial Average DJIA climbed 13.44 points, or less than 0.1%, to…

© Reuters. MSC Industrial Direct (NYSE: NYSE:), a leader in the Trade Distributors industry, is currently outshining its peers with a return on capital employed (ROCE) of 26%, a significant marker of profitability. The company’s strong performance has not gone unnoticed in the market, with its stock price climbing by…