Gold prices edged lower on Wednesday as investors remained on the sidelines ahead of a key US inflation print later in the day that could set the tone for the Federal Reserve’s September policy meeting.
Spot gold eased 0.2% to $2,460.87 per ounce. Pr…
The dollar extended losses on Wednesday after falling against major currencies overnight as upbeat US producer price data reinforced bets on a rate cut this year.
Risk-sensitive currencies stayed strong after the unexpected softening in inflation buo…
German direct investment into China has risen sharply this year, in a sign that companies in Europes largest economy are ignoring pleas from their government to diversify into other, less geopolitically risky markets, the Financial Times said.
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The United Kingdom’s (UK) inflation rate rose to exceed the Bank of England’s target of 2 percent, the first increase recorded this year after months of decline.
According to data issued by the UK’s Office for National Statistics (ONS) on Wednesday, …