-
Gold steadies ahead of Fed verdict; trade optimism limits upside
Gold prices inched higher on Wednesday, ahead of a widely expected interest rate cut from the Federal Reserve, although easing US-China trade tensions kept bullion strength in check. Spot gold was up 0.2% at $3,957.42 per ounce, as of 0257 GMT, after dropping to its lowest point since October 7 on Tuesday. U.S. gold futures for December delivery eased 0.3% to $3,971.20 per ounce.“The fuel for this short-term correction in gold is a readjustment of safe-haven instrument towards more response instrument like global equities due trade optimism,” OANDA senior market analyst Kelvin Wong said. “In the near-term gold ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From @LiveSquawk|Oct 29, 2025China Confirms Xi Will Meet Trump Oct. 30 In S. Korea - Xi, Trump To Discuss Ties, Issues Of Common Concern China Foreign Ministry, on Xi, Trump meeting: It will inject new momentum into steady development of US-China relations. CHINA FOREIGN MINISTRY, ON TRUMP'S COMMENT ON FENTANYL: CHINA'S POSITION ON THIS ISSUE IS CONSISTENT AND CLEAR IN TERMS OF COUNTER-NARCOTICS, CHINA HAS STRONGEST DETERMINATION, MOST RELENTLESS POLICY EXPRESSES SYMPATHY FOR US FENTANYL CRISIS OPEN TO CONTINUING COOPERATION… CHINA FORMIN, ON NVIDIA WANTING TO SELL CHIPS IN CHINA: HOPE US COULD TAKE CONCRETE ACTIONS TO KEEP GLOBAL SUPPLY AND INDUSTRIAL CHAINS STABLE
From channelnewsasia.com|Oct 29, 2025|7 commentsChina "absolutely will not" rule out using force over Taiwan, a government spokesperson said on Wednesday (Oct 29), striking a much tougher tone than a series of articles in state ...
From @financialjuice|Oct 29, 2025Trump: we will see what we can do to address Korean conflict Trump: unable to work out timing with North Korea Kim Jong Un
-
- Newer Stories
From ine.es|Oct 29, 2025|1 commentGDP in volume. Quarter-on-quarter change Gross Domestic Product (GDP), measured in volume terms, increased by 0.6% in the third quarter compared to the previous quarter. This rate ...
From news.sky.com|Oct 29, 2025|2 commentsAs Rachel Reeves' second budget fast approaches, speculation about tax rises and spending cuts is reaching fever pitch. On 26 November, the chancellor will set out her plan to ...
From bankofengland.co.uk|Oct 29, 2025Net borrowing of mortgage debt by individuals rose by £1.2 billion to £5.5 billion in September, the highest since March 2025 (£13.2 billion). Net mortgage approvals for house ...
- Story Stats
- Oct 29, 2025 3:05am Posted byFundamental Analysis309
