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Read snapshots of the latest market news
Gold extends record-breaking rally, China lowers rates
The People's Bank of China slashed key lending rates, with the 1-year LPR at 3.1% and the 5-year LPR at 3.6%. Meanwhile, gold prices continued their record-breaking rally, driven by rising geopolitical tensions
21 Oct 2024, 13:42
Gold's five-day winning streak continues
Gold hit a new high of $2,720 per ounce last week, reaching above $2,730 on Monday during Asian trading, marking its fifth consecutive day of gains.
21 Oct 2024, 06:17
Gold at ATH, ECB cuts rates
Gold prices pushed through the $2700 resistance to claim $2714 a new record high on market uncertainty
18 Oct 2024, 08:02Sterling slumps as UK inflation declines sharply
Sterling slumped after UK inflation data showed a sharper-than-expected decline, fueling expectations of a Bank of England rate cut, while inflation trends in New Zealand and the US also point toward easing monetary policies
16 Oct 2024, 13:02Euro weakens: ECB faces deflation risks
Soft inflation in Europe fuels ECB easing expectations, while mixed UK employment data eases BoE inflation worries
15 Oct 2024, 07:35Markets await PPI to confirm inflation trend
Today’s PPI report and consumer sentiment could influence upcoming decisions on rate cuts.
11 Oct 2024, 08:08U.S. inflation cools, but core prices stay sticky
U.S. inflation slowed to 2.4% in September, marking the sixth consecutive month of easing. However, core prices, driven by food and shelter costs, remain elevated, suggesting the Fed will maintain a cautious approach on rate cuts
10 Oct 2024, 13:32Dollar strengthens, awaiting CPI data
ll eyes are now on the upcoming U.S. inflation data, with expectations of a 2.3% annual rise—the lowest in two years
10 Oct 2024, 07:21Gold faces ongoing pressure amid strong U.S Dollar
Precious metal hovers near three-week low around $2,605 as market weighs Fed rate cut expectations and potential Middle East ceasefire
9 Oct 2024, 06:59Gold prices pull back from record highs
Gold prices were pinned under pressure, as traders anticipated smaller Fed rate cuts and investors flocked to the dollar amid geopolitical uncertainty.
8 Oct 2024, 10:20