Gold prices dipped as the dollar strengthened against other currencies, with investors turning their attention to upcoming US economic data, expected to shed light on the Federal Reserve’s potential interest rate decision later in the month. In early Asian trading on Monday, gold hovered around $2,630 per ounce, following a nearly 3% decline last week.
Yields on Japanese government bonds (JGBs) climbed after Bank of Japan (BOJ) Governor Kazuo Ueda hinted that interest rate hikes could be on the horizon, contingent on economic trends aligning with the central bank's forecasts.
JPMorgan Chase & Co. is taking a different approach compared to many of its Wall Street peers regarding transition finance—a concept focused on funding activities that contribute to reducing carbon emissions over time
Oil prices rose alongside gains in Asian equities, supported by signs of a gradual recovery in China’s economy. Brent crude hovered near $72 per barrel, while West Texas Intermediate (WTI) traded above $68.
Australian retail sales accelerated in October for the third consecutive month, reflecting growing consumer confidence as expectations lean toward a potential interest rate cut in the future.
Asian stocks rose as global markets entered a typically strong seasonal period, following gains in U.S. equities on Friday.
Northern Star Resources Ltd. has announced plans to acquire De Grey Mining Ltd. in a deal worth approximately A$5 billion ($3.3 billion), as gold producers seek to secure more resources amid soaring gold prices.
Quebec-based electric bus manufacturer Lion Electric Co. is temporarily laying off approximately 400 employees and suspending operations at its Illinois factory in a bid to conserve cash.
Japan may once again delay a decision on raising taxes to fund increased defense spending, according to a senior official from the ruling coalition, sparking further uncertainty about how Tokyo plans to finance its ambitious military expansion.
Canada’s competition regulator has filed a lawsuit against Alphabet Inc.'s Google, accusing the tech giant of abusing its dominance in online advertising.