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September 13, 2024

Gold Prices Advance to Fresh Record High amid Fed Rate Cut Hopes

Gold prices are advancing to an all-time high on Friday as the dollar weakened amid prospects of a US interest rate cut next week.

Spot gold rose to $2,558.19 per ounce, after hitting a record high of $2,567.93 earlier in the session. Bullion has ga…

Oil Rises on Fears over Hurricane Francine Impact on US Output

Oil prices rose in Asian trade on Friday, extending a rally sparked by output disruptions in the US Gulf of Mexico caused by Hurricane Francine.

Brent crude futures rose by 32 cents, or 0.44, to $72.29 per barrel.

US West Texas Intermediate crude f…

European Shares Rise as Investors Focus on Fed Rate Cut Decision

European stocks advanced on Friday and were poised for weekly gains, while investors shifted their focus to the US Federal Reserve ahead of a long-awaited monetary easing at its meeting next week.

The pan-European STOXX 600 index was up 0.5% at 514….

US Imposes Significant Tariff Increases on Chinese Imports

The US administration announced Friday that it imposes significant tariff increases on Chinese imports, including a 100 percent tariff on electric vehicles, to enhance protection for strategic domestic industries.

The US Trade Representative’s Offic…