Gold (XAU/USD) price rises by more than 1% on Friday as investors digest a softer-than-expected US jobs report, trimming hawkish bets despite higher inflation. At the time of writing, the XAU/USD pair trades at $4,174, after bouncing off daily lows of $4,121.Bullion rises as soft jobs data weighs on Dollar…
Headlines
See All
Societe Generale notes that stronger-than-expected China PMI data suggest slow but steady growth, reducing urgency for the PBoC to ease policy. The bank highlights that USD/CNY has fallen back below its 50-day moving average as Yuan strength reflects robust exports supported by the global AI boom. The report also points to a higher trade-weighted CEFTS RMB Index and firmer 10y CGB yields.Yuan strength backed by exports”China PMI signals slow growth but less urgency for the…
Every year, over 2 million visitors flock to Mount Rushmore to see the heads of…
If you want a job you’ll love, you might consider working in healthcare — or…
Most Popular
Finance news
View More
Some say the American dream is fading, but for Aravind Srinivas, the CEO and co-founder of Perplexity, the US is still the land of opportunity.On an episode of “The Joe Rogan Experience,” published on July 1, Srinivas said America’s startup ecosystem enables people to turn risky business ideas into success…
Business
View More
Dave Portnoy says his latest Bitcoin investment has become an expensive lesson in timing, with the Barstool Sports founder revealing he is down millions but still has no plans to sell despite the cryptocurrency’s sharp decline. Barstool Sports founder and President Dave Portnoy joined FOX Business’ Stuart Varney on “Varney…
Markets
View More
President Donald Trump said he thinks Elon Musk will donate SpaceX stock to Trump Accounts, the US government’s savings program for children.In an interview with CNBC that aired Thursday, Trump said he hadn’t spoken with Musk directly since he briefly became the world’s first trillionaire following SpaceX’s record-breaking IPO.”I wrote…
