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Gold Price Forecast: XAU/USD edges higher above $4,200 on US rate cut expectations
Gold price (XAU/USD) extends the rally to near $4,230 during the early Asian trading hours on Tuesday. The precious metal edges higher to a near six-week high amid growing expectations of US interest rate cuts.
Fxstreet
Tue, Dec 2
Bitcoin falls again after weak November as bearish sentiment goes on
Bitcoin's possible correlation with stock market watchedCrypto-negative factors add pressure on bitcoin, says JefferiesRecord outflows from US bitcoin ETFs in November, LSEG data showsBy Amanda Cooper and Caroline Valetkevitch NEW YORK/LONDON, Dec 1 (Reuters) - Bitcoin slumped on Monday, with...Reuters
Mon, Dec 1
WRAPUP 5-Europeans rally round Ukraine as Trump envoy heads to Moscow
Zelenskiy, Macron meet in Paris, phone other European leadersRubio says progress made at talks in FloridaTrump envoy Witkoff heads to Moscow to meet PutinZelenskiy says he hopes for talks with Trump laterBy Olena Harmash and Dominique Vidalon KYIV/PARIS, Dec 1 (Reuters) - European leaders rallied...Reuters
Mon, Dec 1
Robusta coffee slides as storm fears ease, cocoa extends rally
LONDON, Dec 1 (Reuters) - Robusta coffee futures on the ICE exchange slid on Monday as fears over damage from another tropical storm in top grower Vietnam eased, while cocoa extended its rally bouncing off last week's two-year lows.Reuters
Mon, Dec 1
UK and US poised to agree zero-tariffs deal on pharmaceuticals, The Times says
Dec 1 (Reuters) - The UK is poised to agree on a major pharmaceuticals deal with the U.S., which will mean zero import tariffs on pharmaceutical products into the U.S. and lead to an increase in NHS spending on medicines, The Times reported on Monday.The UK government is understood to have agreed toReuters
Mon, Dec 1
GLOBAL ECONOMY-Manufacturing weakens in Europe, Asia on faltering demand and tariff uncertainties
Euro zone factory activity contracted in NovemberAsia's manufacturing declines amid sluggish demand and global uncertaintiesChina's factory activity contracts slightly as PMI slips to 49.9By Hari Kishan and Sam Holmes Dec 1 (Reuters) - Manufacturing was weak in Europe and Asia's bigge...Reuters
Mon, Dec 1
Airbus says most of its recalled 6,000 A320 jets now modified
Airbus recalled 6,000 A320-family jets to change software JetBlue incident had revealed vulnerability to solar flares Software fix causes less weekend disruption than fearedAirbus handling underscores PR shift since Boeing MAX crisisAirbus shares down 2.9%, Thales 2% lowerBy Tim Hepher, Allison Lamp...Reuters
Mon, Dec 1
ByteDance rolls out AI voice assistant for Chinese smartphones
BEIJING, Dec 1 (Reuters) - Chinese tech giant ByteDance said on Monday it is launching an artificial intelligence voice control tool that will debut on a smartphone made by ZTE Corp 000063.SZ, before becoming available on phones from other manufacturers in due course.The...Reuters
Mon, Dec 1
BOJ to consider rate hike in December, governor says; yen, yields rise
BOJ to weigh 'pros and cons' of rate hike in December, Ueda saysRate hike is easing of accelerator, not applying brakes -UedaYen, bond yields rise as markets raise bets of December hikeBOJ to offer more clarity on distance from neutral rate after hike to 0.75% -UedaBy Leika Kihara NAGOYA,...Reuters
Mon, Dec 1
Yen rises on BOJ rate hike prospect; dollar braces for crucial December
SINGAPORE, Dec 1 (Reuters) - The yen rose on Monday, helped by comments from Bank of Japan Governor Kazuo Ueda who left the door open to a near-term rate hike, while the dollar began the month on the back foot as investors ramped up bets of a U.S. rate cut this month.Reuters
Mon, Dec 1
Amazon and Google launch multicloud service for faster connectivity
Nov 30 (Reuters) - Amazon AMZN.O and Google GOOGL.O introduced a jointly developed multicloud networking service on Sunday to meet growing demand for reliable connectivity the companies said in a statement, at a time when even brief internet disruptions can cause major outages.The initiative will en
Reuters
Mon, Dec 1
EUR/JPY weakens below 180.50 as BoJ's Ueda hints at rate hike
The EUR/JPY cross attracts some sellers near 180.45 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Euro (EUR) due to the latest comments from Bank of Japan (BoJ) Governor Kazuo Ueda.
Fxstreet
Mon, Dec 1
Stellantis car production in France set for 11% drop by 2028, FT reports
Dec 1 (Reuters) - Production at Stellantis' STLAM.MI French factories is set to drop over the next three years, the Financial Times reported on Monday. The number of units being produced at the company's five assembly factories in France is predicted to fall by 11% between 2025 and 2028, the...Reuters
Mon, Dec 1
Taiwan seeks tariffs cut to 15% in US trade deal
TAIPEI, Dec 1 (Reuters) - Taiwan is aiming for tariffs on its exports to the United States to be cut to 15% from 20% now, though help in training U.S. workers is not among the "conditions" figuring in their trade talks, senior Taiwan officials said on Monday.A major semiconductor producer, T...Reuters
Mon, Dec 1
Gold Price Forecast: XAU/USD extends the rally above $4,200 as Fed rate cut bets grow
Gold price (XAU/USD) trades in positive territory near $4,230 during the early Asian trading hours on Monday. The precious metal edges higher amid growing speculation that the US Federal Reserve (Fed) may cut interest rates in December.Fxstreet
Mon, Dec 1
