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January 28, 2022

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Fiscal stimulus fuels U.S. economy in 2021 to its best performance since 1984

Reuters
Warehouse workers deal with inventory stacked up to the ceiling at an ABT Electronics Facility in Glenview, Illinois, U.S. December 4, 2018. REUTERS/Richa Naidu/File Photo Register now for FREE unlimited access to Reuters.com Register Fourth-quarter GDP increases at 6.9% rate Inventory investment accounts for bulk of growth Growth in 2021......

Gold falls as hawkish Fed lifts U.S. dollar and yields

Reuters
Gold products are pictured on display at Korea Gold Exchange in Seoul, South Korea, August 6, 2020. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register U.S. two-year Treasury yields at 23-month high Dollar index at six-week high Silver down nearly 2% U.S. weekly initial jobless claims data......

Fed says U.S. interest rates could rise ‘soon’

Reuters
Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen as a trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 15, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Central bank......

Gold scales over 2-month peak as Ukraine worries dent risk appetite

Reuters
Dollar hits two-week highs Risk appetite hurt by Russia-Ukraine worries Jan 26 (Reuters) – Gold hit a more than two-month high on Tuesday as geopolitical concerns over Ukraine pushed investors toward safe havens including bullion, ahead of the U.S. Federal Reserve’s meet that could offer cues on its monetary policy......

AmEx allays fears of Omicron hit with record card spending levels

Reuters
A smartphone with the American Express logo is placed near a toy shopping cart in this illustration photo taken July 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register Jan 25 (Reuters) – American Express Co’s (AXP.N) quarterly profit beat market......

Yellen rebrands Biden economic agenda as ‘modern supply-side economics’

Reuters
U.S. Treasury Secretary Janet Yellen addresses the U.S. Conference of Mayors winter meeting in Washington, U.S. January 19, 2022. REUTERS/Jonathan Ernst Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Jan 21 (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday rebranded the Biden administration’s economic agenda as “modern supply-side......

Gold on track to post second straight weekly gain on inflation risks

Reuters
Silver on track for best week in one year, up over 6% Palladium set for best week in nearly two years, up over 12% Platinum set for its best week since June Jan 21 (Reuters) – Gold was set to rise for a second consecutive week on Friday as inflation......

LME copper slips on Fed hike jitters; Shanghai nickel leaps to record

Reuters
Jan 21 (Reuters) – London copper prices slipped on Friday as risk sentiment soured with markets expecting the U.S. Federal Reserve to aggressively raise interest rates this year, although hopes of further policy support from China kept the metal on track for a weekly gain. Dwindling inventories and optimism about......

Dollar dips as Treasury yields stall, commodity currencies gain

Reuters
Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Dollar dips as Treasury yield gains ease Aussie boosted by labour market report Canadian dollar gains as......

Gold holds around 2-month peaks as firmer U.S. yields weigh

Reuters
Jan 20 (Reuters) – Gold prices on Thursday steadied near a two-month high hit in the previous session, with higher U.S. Treasury yields preventing any gains amid caution building around developments at the U.S. Federal Reserve’s meeting due next week. FUNDAMENTALS * Spot gold was flat at $1,839.36 per ounce......

‘Our work’s not done,’ Biden says, addressing skeptics at one-year mark

Reuters
WASHINGTON, Jan 19 (Reuters) – President Joe Biden on Wednesday said he had underestimated the extent of Republican opposition to his programs and acknowledged Americans’ frustration at the slow pace of COVID-19 testing, but said the United States was on track to meet considerable challenges from the pandemic and inflation.......

Dollar holds near weekly high, sterling rises after inflation data

Reuters
Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Dollar holds near a weekly high Sterling edges up as UK inflation hits 30-year high LONDON, Jan......

Gold off one-week lows, U.S. rate hike bets reign in gains

Reuters
Global auto recovery to drive a pick-up palladium prices- Citi Markets eye Fed’s Jan. 25-26 meeting Gold stuck in a range- analyst Jan 19 (Reuters) – Gold edged up on Wednesday, but moves were fairly contained as the market looked to U.S. Federal Reserve’s next policy meeting where it is......

UK sees record job creation but inflation squeezes wages

Reuters
A woman looks towards the City of London financial district from Parliament Hill in north London March 31, 2015. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register UK employers add record 184,000 jobs in December Jobless rate falls to 4.1% for 3 months to November Pay growth......

Gold slips as U.S. yields firm; traders await Fed rate hike clues

Reuters
U.S. Federal Reserve to meet on Jan. 25-26 Bank of Japan raises price forecast, keeps policy steady 10-year U.S. Treasury yields hit two-year high Jan 18 (Reuters) – Gold prices eased on Tuesday, pressured by higher U.S. Treasury yields, as investors looked for clues about the Federal Reserve’s interest rate......

London copper gains on dollar weakness but capped by higher inventories

Reuters
Jan 18 (Reuters) – London copper prices edged higher on Tuesday as a weaker dollar made the greenback-priced metal attractive for holders of other currencies, while rise in inventories in London Metal Exchange-registered warehouses capped further gains. Three-month copper on the London Metal Exchange rose 0.4% to $9,769 a tonne......

Gold steady as higher yields, dollar counter inflation risks

Reuters
Spot gold remains neutral in a range of $1,815-$1,830/oz – technicals U.S. 10-yr. Treasury yields hover close to two-year peak Jan 17 (Reuters) – Gold prices held steady on Monday as market participants gauged the global economic policy outlook, with inflationary hedge demand countering hawkish comments from U.S. Federal Reserve......

Copper prices subdued as dollar gains some ground

Reuters
Jan 17 (Reuters) – Copper prices inched lower on Monday as the dollar held firm amid bets of several interest rate hikes this year by the U.S. Federal Reserve. Three-month copper on the London Metal Exchange was down 0.1% at $9,713.5 a tonne by 0310 GMT. Prices fell 2.4% on......

‘Upside down again’: Omicron surge roils U.S. small businesses

Reuters
LUBBOCK, Texas, Jan 16 (Reuters) – Phillip Howard pointed toward a stack of black ski pants piled atop a counter in his winter sports shop as evidence of the hurdles small business owners still face as the pandemic drags on. The pants were supposed to arrive by August at Troy’s......

Gold dips as U.S. bond yields edge up, dollar firms

Reuters
U.S. retail sales down 1.9% in December Gold set to gain for the week Jan 14 (Reuters) – Gold prices slipped on Friday, weighed down by an uptick in Treasury yields on prospects of U.S. interest rate hikes and a stronger dollar. Spot gold was down 0.3% at $1,816.22 per......

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