Verified report from bloomberg.com
NewsMatic brief
Gold sank to its lowest in more than seven weeks as the standoff between US and Iran over the Strait of Hormuz kept energy costs elevated and reinforced pressure on the Federal Reserve for more interest-rate hikes.
NewsMatic provides a concise source-linked brief. The protected full report and continuing updates remain with the original publisher.
Read the full report at bloomberg.com →Related coverage
British foreign minister vows to 'match word with action' when it comes to defending Palestinian rights.
Read on NewsMatic →
American households are getting pickier when it comes to what they spend on, creating winners and losers in the consumer industry.
Read on NewsMatic →
Bennett Schachter, a longtime banker who later joined a hedge fund Elliott Investment Management, has been hired by investment bank Centerview Partners to lead its capital advisory practice, according to an announcement reviewed by Bloomberg News.
Read on NewsMatic →
The market is heading toward an inverted yield curve, typically a sign of looming recession.
Read on NewsMatic →
Key economic reports due this week are expected to add further evidence that the US economy is strengthening, bolstering arguments from several Federal Reserve officials that interest rates should be higher.
Read on NewsMatic →
The yen surged, erasing earlier losses, after Japan’s currency czar issued another warning about its weakness.
Read on NewsMatic →
