Gold price declines close to 2.7% on Thursday amid the lack of a clear catalyst, as US jobs data during the last couple of days was solid, despite of the number of Americans filing for unemployment benefits rose more than expected. At the time of writing, XAU/USD trades at $4,945…
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Gold (XAU/USD) holds in a narrow range on Thursday as stronger US employment data prompts traders to push back expectations for an early Federal Reserve (Fed) interest rate cut. At the time of writing, XAU/USD trades around $5,060, remaining confined to this week’s $5,000-$5,100 consolidation band.US employment data strengthens case for a hold-for-longer Fed stanceData released on Wednesday by the US Bureau of Labor Statistics (BLS) showed an unexpected pickup in job growth in the…
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Moscow’s civil aviation authority said on Wednesday that two major Russian airlines are helping to repatriate its citizens from Cuba amid a jet fuel shortage on the island.The agency, Rosaviatsia, said that Rossiya Airlines had changed its flight schedule “to ensure the evacuation of Russian tourists currently in Cuba.”Rossiya, which…
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California’s fuel market is entering another period of strain as refinery capacity continues to shrink in the nation’s largest gasoline market. The planned closure of Valero’s Benicia refinery, one of the state’s remaining major facilities, is expected to tighten supply in a system that already operates with little margin for…
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McDonald’s is gearing up to feed a growing consumer group on weight-loss drugs.In a Wednesday earnings call, McDonald’s executives talked about how the chain was testing menu items for more customers on GLP-1s.CEO Chris Kempczinski said he expects GLP-1 adoption to continue to grow, adding, “as adoption grows, we know…
