West Texas Intermediate (WTI) US Oil trades around $59.50 on Friday at the time of writing, up 1.60% on the day, after hitting a daily high at $60.47. The WTI Crude Oil recovers after a Ukrainian drone strike damaged an Oil depot at Russia’s Black Sea port of Novorossiysk, one of the country’s key export hubs.
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Fed’s Kashkari Warns: US Inflation Still Too High at 3%, Rate Cuts Unlikely Soon
Federal Reserve Bank of Minneapolis President Neel Kashkari gave a speech at the Opportunity & Inclusive Growth Institute’s Research Conference hosted by the Federal Reserve (Fed) Bank of Minneapolis on Thursday, in which he talked about the labor market and inflation.
Gold Prices Surge to Three-Week High as Dovish Fed Outlook Outweighs US Government Reopening Optimism
Gold Prices Today: Gold (XAU/USD) reverses a modest Asian session dip and climbs to an over three-week high, around the $4,213 region, on Thursday. Investors seem convinced that the delayed US macro data will show some weakness in the economy amid a prolonged US government shutdown and prompt the US Federal Reserve (Fed) to lower borrowing costs further in December. The outlook fails to assist the US Dollar (USD) in attracting any meaningful buyers and should continue to offer some support to the non-yielding yellow metal.
Gold Price Forecast: XAU/USD Eyes $4,150 Rally as Weak ADP Jobs Data Boosts Bullish Momentum
Gold Price Forecast: Gold price (XAU/USD) continued to rise and touched around $4,140 during early Asian trading on Wednesday. The yellow metal gained strength as traders increased their bets that the US Federal Reserve (Fed) could cut interest rates by the end of this year.
US Senate Moves to Avert Federal Shutdown — Crucial Funding Bill Advances Toward Passage
WASHINGTON, Nov 9 (Reuters) – The U.S. Senate on Sunday moved forward on a measure aimed at reopening the federal government and ending a now 40-day shutdown that has sidelined federal workers, delayed food aid and snarled air travel.