Gold futures moved Thursday lower in volatile trading that saw prices in both directions up as much as 2%. Federal Reserve Chairman Jerome Powell announced changes to the central bank’s policy framework in a speech at the Jackson Hole Economic Symposium that were seen as offering a more accommodative monetary …
Read More »Rio Tinto cuts the CEO, the executives’ bonuses after the groundbreaking explosion
Patrick Hamilton | Bloomberg | Getty Images Rio Tinto said on Monday that it would cut short-term bonuses from its chief executive Jean-Sébastien Jacques and two other seniors following a review of the destruction of the company’s two old caves in Australia. The world’s largest iron ore miner recently stopped …
Read More »Even with a strong crop this year, American farmers are suffering
After a growing season last year filled with burdensome rainfall and bitter trade wars, American farmers hope that 2020 will give them a chance to make some land. Instead, the situation has become much worse because prices remain depressed. Despite a windstorm that tore through Midwestern farms last week and …
Read More »Gold prices are higher to stop disk, but mark first back-to-back weekly fall since March
Gold futures took a small gain on Friday to stop a third consecutive slide, but the advance of the precious metal for the day was not enough to prevent the first back-to-back weekly declines since the COVID-19 pandemic began in March . Experts say a resurgence in US dollar investors …
Read More »Gold prices end lower, falling more than 2% as the dollar slides; copper books highest settlement since 2018
Gold prices plunged sharply on Wednesday, ending a two-day string of gains as the U.S. dollar stopped its skid and as commodity investors watched minutes from the Federal Reserve’s July policy meeting, which could provide further insight into the central banker’s perspective for US and global business. Market participants will …
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