(Bloomberg) — Gold advanced, trimming a weekly loss as traders raised bets on monetary easing following a weak US jobs report. US employers unexpectedly cut jobs in February and the unemployment rate rose, pointing to lingering fragility in a labor market that was thought to be stabilizing. Traders slightly boosted bets on Federal Reserve rate…
By Sinéad Carew and Harry Robertson NEW YORK/LONDON, March 6 (Reuters) – Stocks sank on Friday as the US-Israeli war against Iran sent oil futures soaring to prices not seen since 2023 while an unexpected loss of US jobs in February increased hopes for Federal Reserve rate cuts but did little to cheer investors worried…
The Indian rupee ended barely changed on Monday, as usual dollar demand met offsetting inflows, keeping the currency largely rangebound at the start of the week. The rupee moved in a narrow 10-paise band to end at 90.65 against its previous close of 90.6350. The rupee had jumped earlier this month, backed by the optimism…
Jan 7 (Reuters) – Gold prices fell more than 1% on Wednesday as investors booked profits after a recent rally, though it pared some losses after weaker-than-expected US jobs data bolstered bets of Federal Reserve rate cuts. Spot gold dropped 0.9% to $4,445.32 per ounce, as of 1:36 pm ET (1836 GMT). Prices fell as…
