Gold Holds Decline After Fed Officials Express Inflation Concern
Gold prices edged lower as Federal Reserve officials signaled ongoing concerns about inflation, keeping markets wary of potential policy tightening. The metal’s retreat follows hawkish remarks from policymakers, who emphasized the need to stay vigilant against inflationary pressures, even as signs of economic resilience persist. The Fed’s commitment to controlling inflation has weighed on gold, […]
Asian Stocks Fluctuate After Wall Street Rebound: Markets Wrap
Asian equities traded with mixed performance as investors digested Wall Street’s recovery, fueled by optimism over economic resilience. Despite positive cues from U.S. markets, concerns over global growth and ongoing monetary policy tightening kept regional gains in check. Japan’s Nikkei 225 edged higher, supported by strong corporate earnings, while Hong Kong’s Hang Seng retreated, weighed […]
PBOC vows more stimulus to boost consumption
The People’s Bank of China (PBOC) has reaffirmed its commitment to bolstering economic recovery by rolling out additional stimulus measures aimed at boosting consumption. In its latest statement, the central bank emphasized its focus on maintaining a “prudent and targeted” monetary policy while supporting key sectors such as infrastructure and green energy. This move aligns […]