Gold futures closed lower on Friday, helping to erase all of its weekly gains, preventing a third straight week of advances.
The Euro got an extra late-day lift following an earlier boost from an upbeat survey of purchasing managers.
manufacturing purchasing manager’s index for April came in at 60.6, slightly ahead of estimates from economists surveyed by Dow Jones.
IHS Markit’s flash Composite Purchasing Manager’s Index, seen as a good guide to economic health, rose to a nine month high of 53.7 from March’s 53.2, confounding expectations in a Reuters poll for a dip to 52.8.
That meant the economy was expected to recover at a much weaker rate this quarter than had been expected only a month previously, according to a Reuters poll the prior week.
Trying to trade gold by following the dollar proved to be a difficult task on Friday.
When you trade gold at this time, you always have to be asking, “Is the economic data bringing the Fed closer to tightening policy, or farther apart?” Tightening policy, whether it be reducing its bond purchases or raising rate, is a negative for gold prices.
Let’s take a look at Kinder Morgan’s performance, guidance, dividend, and balance sheet to see if America’s largest natural gas pipeline company is worth buying now.
The policy statement and Fed Chief Jerome Powell’s news conference after the meeting are expected to shine some light on whether the employment landscape has changed the U.S.
It has gained 19% this year.Tate & Lyle May Fade If Right Financial Partner Not Found: ReactThe company “continues to successfully execute its strategy and remains confident in the future growth prospects of the company,” it said in a statement, adding that the transaction envisaged “would enable Tate & Lyle and the new business to focus their respective strategies and capital allocation priorities.” For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
President Xi Jinping wants to introduce moral hazard to the nation’s financial markets so that investors punish companies for poor governance, rather than expecting Beijing to bail them out.As for China Huarong — its most important shareholder is the state, and public disclosures will likely be dictated by officials more focused on ensuring an outcome that doesn’t undermine financial stability.
Can I afford my dream car? Dealership appraised my current car, which I paid cash for, at $6,500, but I may end up keeping it as there are some activities I don’t/can’t do in the GTR (e.g.
Mike Bowsher shakes his head in wonder when he hears yet another customer at one of his Buick-GMC dealerships near Atlanta has agreed to pay full sticker price of more than $71,000 for a top-of-the-line GMC Yukon XL Denali SUV that is still being assembled at a General Motors factory.
Exxon Mobil’s effort to build an energy trading business to compete with those of European oil majors unraveled quickly last year as the firm slashed the unit’s funding amid broader spending cuts, 10 people familiar with the matter told Reuters.
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