Author Archive

Gold prices rose more than 1% on Thursday, supported by firm safe-haven demand and growing expectations for a sizeable interest rate cut from the U.S. Federal Reserve in September.

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Lee Ying Shan@in/ying-shan-lee@LeeYingshan

Key Points

• Investors are parsing China’s consumer price index and producer price index for July.
• Overnight in the U.S., the S&P 500 advanced 2.3%, closing at 5,319.31 and posting its best day since November 2022.

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Holly Ellyatt@HollyEllyatt

LONDON — European stocks are expected to open lower on Thursday as regional markets struggle to find momentum in a turbulent week of trading.

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Gold prices firmed on Wednesday on mounting bets of U.S. interest rate cuts in September and rising geopolitical tensions in the Middle East, with markets awaiting U.S. economic data for clues on the Federal Reserve’s interest rate path.

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Dylan Butts@in/dylan-b-7a451a107 & Lim Hui Jie

Key Points

• Asia-Pacific markets were mostly higher on Thursday, breaking with losses on Wall Street.
• Asian investors assessed trade data from Japan and awaited interest rate decision from the Reserve Bank of India.

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Sophie Kiderlin & Holly Ellyatt

LONDON — European stocks were higher on Wednesday as global markets look to rally after a rout on Monday.

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Gold prices edged lower on Wednesday as the U.S. dollar and Treasury yields strengthened, while traders awaited further cues to gauge the size of the Federal Reserve’s likely September interest rate cut.

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Dylan Butts@in/dylan-b-7a451a107 & Lim Hui Jie

Key Points

• Asia-Pacific markets were up on Wednesday following a rebound of major indexes on Wall Street that broke a three-day stretch of losses.
• Traders in Asia assessed July trade balance data out of China as customs data showed that imports in July grew faster-than-expected, while exports missed forecasts.

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Holly Ellyatt@HollyEllyatt

LONDON — European stocks are expected to start the new trading week in flat to negative territory as global volatility continues.

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Gold prices retreated on Friday as profit-taking kicked in after bullion jumped over 1% earlier in the session on hopes of rate cuts buoyed by weaker than expected U.S. jobs data.

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