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Gold extends slide as Powell stays, Fed split lifts yields higher

Gold (XAU/USD) price extends its losses over 1% as the Federal Reserve (Fed) held rates unchanged and its Chair Jerome Powell hinted that he would remain on the board until the criminal investigation against him is definitively dropped. The XAU/USD pair exchanges hands at $4,546 after reaching a daily peak…

USD/JPY climbs to one-month high above 160 as Fed decision nears

USD/JPY trades higher on Wednesday around 160.25, up 0.40% on the day and reaching a one-month high, close to the March 30 peak at 160.46. The pair is now approaching a highly sensitive level for Japanese authorities, with 160.00 widely seen as a red line that could trigger intervention in the foreign exchange market.The upward move is primarily supported by the resilience of the US Dollar (USD), as markets remain cautious ahead of the Federal…

Finance news

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There’s a new ugly little toy winning the internet

The internet can’t get enough of this weird plush toy. Loading audio narration… An Instagram account called “emyadventure1” first appeared in November with a simple premise: every time it gained a follower, Emy, a custom-made green-and-yellow plush toy, would move 1 millimeter closer to being thrown from the world’s tallest…

Business

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Purdue Pharma sentenced and ordered to pay .5 billion in opioid case

Purdue Pharma, the manufacturer of OxyContin, was sentenced in federal court on Tuesday and ordered to pay $5.5 billion for its role in fueling the opioid epidemic. The sentencing comes after Purdue pleaded guilty in 2020 on charges of deceiving federal regulators and paying doctors to boost opioid sales. According…

Investing

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