(Bloomberg) -- Gold held its hefty decline in the previous session, as hot US economic data further dented hopes the Federal Reserve will rapidly pivot to...
-- Gold held its hefty decline in the previous session, as hot US economic data further dented hopes the Federal Reserve will rapidly pivot to monetary easing.Wall Street Hit by Fed Jitters to Close Wild April: Markets WrapBullion was trading below $2,300 an ounce in early Asia hours after ending Tuesday 2.1% lower, as investors focused on a print that showed an acceleration in a broad gauge of US labor costs in the first quarter.
Elsewhere, an index of the US dollar jumped the most in more than two weeks on Tuesday. A stronger greenback makes bullion more expensive for most buyers. The precious metal is still up more than 10% this year amid robust demand from Asian markets — especially China — and conflicts in Ukraine and the Middle East. Demand from central banks posted its strongest start to any year on record during the first quarter, the World Gold Council said Tuesday.
Spot gold was little changed at $2,287.82 an ounce at 11:19 a.m. in Singapore, which had a public holiday along with many other nations in Asia. The Bloomberg Dollar Spot Index was up 0.1%, after notching a 0.6% gain on Tuesday. Silver was steady, while palladium and platinum fell.Pressure building on Bank of Canada: What economists say about slowing GDPEnbridge stock has barely moved in the last few years, with ongoing issues. But there are still reasons that could make it work for investors.
Looking to earn a gushing stream of dividends? Don't just look at TSX stocks with big dividend yields. Look at these types of stocks instead. The post Beat the TSX With These Cash-Gushing Dividend Stocks appeared first on The Motley Fool Canada.Posthaste: This missed CPP opportunity is costing Canadians thousands, says reportThese five companies offer strong returns.
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