Gold prices held above the $2,500 mark on Tuesday, buoyed by a weaker US dollar and Treasury yields, while traders awaited minutes of the Federal Reserve’s last policy meeting for further cues on interest rate cuts.
Spot gold edged 0.1% higher to $2,…
China’s benchmark lending rates were held unchanged for August, after the central bank lowered them in July.
The one-year loan prime rate was kept steady at 3.35% and the five-year rate was held 3.85%, according to a statement from the People’s Bank …
The dollar hung near a seven-month low on Tuesday on wagers the US central bank will start cutting interest rates from next month.
The dollar index, which measures the US currency against six rivals, touched its lowest since Jan. 2 of 101.82 on Tues…
China’s industrial sector registered a steady revenue growth in July 2024, as indicated by an increase in VAT invoice issuance, the State Taxation Administration said.
Tax data revealed a 6% year-on-year growth in the sales revenue of industrial comp…