The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
NEW YORK, July 18 - The euro was lower on Thursday after the European Central Bank held rates steady as was widely expected, while the dollar index advanced after U.S. data on the labor market and manufacturing.
"When the Fed cuts, it will be a confident cut where even a month or two of bad data won't take them off their cutting path. It's annoying that the Fed is waiting so long to cut, but ultimately it will make for a clearer path." In addition, a gauge of manufacturing activity in the U.S. Mid-Atlantic region expanded more than expected in July, boosted by a surge in new orders.
Gold Silver Platinum Palladium PGM Platinum Group Metals Metals Precious Metals Mining News Crypto News Bitcoin News Ethereum News Mining News Interviews Economic Reports Forecasts Central Banks US Dollar Charts Tech Metals Rare Earth Metals Currency Global Economy International Policy Politics Bank Forecasts Market Nugget Mining Minutes Roundups
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ECB Says Bulgaria Still Doesn’t Meet Criteria to Join the EuroThe European Central Bank said Bulgaria still doesn’t meet the conditions to adopt the euro — mainly because inflation has far exceeded the necessary threshold over the past year amid the fallout from Russia’s war in Ukraine.
Read more »
Germany May Object If ECB Moves to Lower French Bond YieldsGerman Finance Minister Christian Lindner said it could be illegal for the European Central Bank to intervene if the French legislative election triggers a dangerous selloff in the country’s government bonds.
Read more »
ECB Will Be Agile in Deciding on Interest-Rate Path, Lane SaysThe European Central Bank is ready to respond to any surprises as it decides on its next policy steps amid uncertainty in the economy, Chief Economist Philip Lane said.
Read more »
You can continue to cut rates, researchers tell ECBThe European Central Bank faces an 'easy last kilometre' in its fight against inflation and can continue to slowly cut interest rates, two researchers are...
Read more »
Panetta Says ECB Must Be Ready to Handle Any Political ShocksEuropean Central Bank policymakers must be ready to handle fallout from political shocks that can occur amid heightened uncertainty, according to Governing Council member Fabio Panetta.
Read more »
ECB Is Set to Start Next Strategy Review After Summer BreakThe European Central Bank will soon commence the next review of its monetary-policy strategy, according to people familiar with the matter — a process that could shape future interest-rate actions and its response to crises.
Read more »