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  • Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged

    Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged0

    Australia’s central bank on Friday revised up its forecasts for core inflation and wages growth and warned of further increases in interest rates, raising the risk the economy could slip into recession. In a hawkish-sounding quarterly Statement on Monetary Policy, the Reserve Bank of Australia (RBA) said domestically-sourced cost pressures were still picking even if

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  • Gold steady, Copper Rises Amid Smaller Rate Hike Expectations

    Gold steady, Copper Rises Amid Smaller Rate Hike Expectations0

    • Gold
    • November 23, 2022

    Gold prices steadied on Wednesday, while copper extended strong gains as risk-driven assets rallied on expectations that the Federal Reserve will hike interest rates at a slower pace in the near-term, which also trimmed dollar gains. A growing number of Fed officials said in recent weeks that the central bank is likely to raise interest

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  • Oil Extends Gains on China reopening Hopes, Tightening Supply

    Oil Extends Gains on China reopening Hopes, Tightening Supply0

    Oil prices rose on Monday as markets bet that an eventual scaling back of COVID-19 measures in China will boost the country’s crude demand, while looming curbs on Russian oil shipments also appeared set to tighten supply Crude prices closed last week lower, but rallied sharply on Friday after China said it will loosen some

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