The Japanese yen dropped to its weakest level against the US dollar in nearly 39 years on Monday, reflecting growing concerns that American interest rates could remain higher for longer. The dollar briefly climbed to 162.29 yen, marking the Japanese currency’s lowest level since December 1986. As a result, investors closely monitored the market because […]
US interest rates
Gold and silver surge as rate cut hopes fuel rally
Gold prices climbed to a record high on Monday, supported by growing expectations of further US interest rate cuts and strong safe-haven demand. The rally extended across precious metals, with silver also hitting an all-time peak as investor appetite remained robust. Read More: Gold gains Rs500, silver hits record high Spot gold rose 1.2 per cent to a […]
Oil prices slide on peace talks
PERTH — Oil prices fell for a third consecutive session on Friday as U.S.-led efforts for a Russia-Ukraine peace deal raised expectations of increased global oil supplies. Brent crude dropped 71 cents, or 1.12%, to $62.67 a barrel, while U.S. West Texas Intermediate crude fell 71 cents, or 1.20%, to $58.29 a barrel. Read More: […]