Washington: Officials from three of the world’s major central banks on Friday signaled they are firmly on course to lower “- or continue lowering “- interest rates in the coming months, marking…
Tag: Fed
US Fed chair says 'the time has come' to cut rates
Washington: Federal Reserve chair Jerome Powell said Friday that the “time has come” for the United States to start cutting interest rates, adding that his “confidence has grown” that the battle against…
Gold holds at record high as Fed rate cut bets fuel demand rush
Gold soared nearly 20% this year, supported by large purchases from central banks, strong consumer appetite in China and demand for haven assets amid geopolitical tensions. Momentum-focused players are starting to re-emerge…
December rate cut is a 'reasonable prediction', says US Fed official
The Fed last week held its benchmark policy rate in the 5.25%-5.50% range, where it has been since last July, to keep continued pressure on the economy so as to cool inflation….
UAE gold prices could hit new highs soon: Gold gains due to Fed rate cut bets
Photos: UAE gold may hit new highs, here’s why