Gold firmed on Monday, buoyed by hopes the Federal Reserve would take a pause from interest rate hikes this year after U.S. data showed a jump in unemployment rate, but bullion held below last session’s one-month highs on a strong dollar. FUNDAMENTALS * Spot gold gained 0.2% to $1,941.89 per ounce by 0127 GMT, after
Month: September 2023
In a week marked by high volatility, Dollar proved resilient, closing within its established range against other major currencies after intra-week selloff. This performance quells, at least for now, fears of bearish reversal for the greenback. Indeed, sentiment has shifted to favor near-term upside for Dollar, which is likely to maintain its strength at least
Pixelseffect | E+ | Getty Images The unemployment rate for Black workers slipped in August, bucking the broader trend of a higher overall jobless rate. The overall unemployment rate ticked up to 3.8% last month, the highest since February 2022. It came as the labor force participation rate – a measure of the number of
In this article LULU Follow your favorite stocksCREATE FREE ACCOUNT A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit for its fiscal second quarter, boosted by a 61% revenue
Share: Gold price regains positive traction and remains within the striking distance of a one-month top. Expectations that the Federal Reserve is down with its rate-hiking cycle underpin the XAU/USD. A positive risk tone might hold back bulls from placing aggressive bets and cap any further gains. Gold price attracts fresh buying on the first