Gold prices rose above the psychologically important level of 1,800 dollars on Friday, supported by demand for safe havens and the decline of the dollar, before a speech by the President of the US Central Bank will be examined for indications of reducing stimulus. Spot gold rose 0.6% to $1,802.39 …

The Kansas City Fed announced it would host its 2021 Economic Policy Symposium, “Macroeconomic Policy in an Uneven Economy,” virtually on Friday, Aug. 27. The Federal Reserve Bank of Kansas City’s Economic Policy Symposium in Jackson Hole, Wyo., is one of the longest-standing central banking conferences in the world. The …

European shares fell ahead of a speech due to be delivered by Federal Reserve Chairman Jerome Powell. The pan-European STOXX 600 index fell 0.2% in early trading, with the travel and leisure and banking sectors leading the declines, after they achieved gains for most of the week. Investors are focused …

Tropical Storm Ida formed in the Caribbean Sea and is expected to threaten the northern Gulf Coast of the United States as a major hurricane by the end of this week, the US National Hurricane Center (NHC) said, adding that there is a possibility of hurricane-force winds, heavy rain and …

Japan’s Nikkei index fell on Friday, in line with Wall Street’s decline Thursday night, on caution about the prospects of an earlier-than-expected reduction in the US Federal Reserve’s stimulus. The Nikkei fell 0.36% to close at 27651.51 points, but it moved away from the low level it had recorded in …

Oil settled lower on Thursday, August 26, halting a three-day streak of gains amid renewed demand concerns due to rising coronavirus cases and with Mexico restoring some production after a fire disrupted supplies. The losses were limited due to the possibility of further disruptions to the supply side. Energy companies …

The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 6.6% in the second quarter, the US Bureau of Economic Analysis reported on Thursday. This reading matched the previous estimate and the market consensus. the US Bureau of Economic Analysis (BEA) second estimate showed on Thursday. …

There were 353,000 initial claims for unemployment benefits in the United States during the week ending August 21, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 349,000 and came in slightly worse than the market expectation of 350,000.

US Treasury yields were mixed on Thursday, ahead of the Federal Reserve’s Jackson Hole symposium, in addition to the release of economic data, the yield on the benchmark 10-year Treasury bond rose less than a basis point to 1.347%, and the yield on the 30-year Treasury fell less than a …

The dollar rose slightly in early European trade on Thursday but remained near a one-week low amid good risk appetite ahead of the Federal Reserve’s Jackson Hole keynote. the US Dollar Index, which measures the greenback against a basket of six other currencies, was up 0.1% at 92.930, after falling …