Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates
Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold…
The Fed may soon cut interest rates. That could make your next trip abroad more expensive
The U.S. Federal Reserve may start cutting interest rates before year’s end. That could make future trips abroad more expensive…
The yuan’s status as a global currency might be gaining ground. But top CEOs see more hurdles to clear
DALIAN, China — For China’s yuan to be used more globally, the currency needs more “applications” such as for stocks…
Turkey’s inflation passes 75% in what economists believe is peak
Inflation in Turkey topped 75% in May, up from 69.8% in April, in what economists expect to be the peak…
Britain’s inflation rate could be about to drop below the Bank of England’s 2% target
LONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in…
Physical gold offers more protection than mining stocks, says State Street’s George Milling-Stanley
Investors looking to weather a volatile market may want to opt for physical gold over gold stocks. That’s according to…
Nigeria’s central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa’s largest economy…
Turkey opts for new tightening strategy after signaling a pause to hikes
Turkey’s central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling…
Egypt hikes interest rates by 600 basis points, pound crumbles to record low
Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600…
Nigeria battles to halt spiraling currency crisis and rising food insecurity
Nigeria is battling to contain a historic currency crisis and soaring inflation, with the International Monetary Fund on Monday warning…
