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Commodities

Gold Soars Above $5,000 as Dollar Slides and Rate-Cut Bets Intensify Ahead of U.S. Jobs Data

Gold and silver prices extended their strong rally on Monday, buoyed by a softer U.S. dollar and growing expectations that the Federal Reserve will ease monetary policy as signs of labor market weakness emerge. Spot gold climbed 1.06% to $5,012.88 per ounce, firmly holding above the psychological $5,000 level after …

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European Stocks Slip as Stellantis Sinks, Tech and Autos Drag Weekly Performance

European shares moved lower on Friday, heading toward a muted close to a volatile week marked by investor caution toward technology stocks and a string of disappointing corporate earnings, with automaker Stellantis delivering the latest shock. The pan-European STOXX 600 fell 0.2% to 610.28 points by 08:09 GMT. Stellantis shares …

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German Exports Jump in December, but Factory Output Slumps, Clouding Recovery Outlook

Germany’s trade sector ended the year on a strong note, but weakness in industrial production underlined the fragile and uneven nature of any economic recovery in Europe’s largest economy, official data showed on Friday. German exports surged 4.0% in December compared with the previous month, significantly outperforming expectations for a …

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