Day: August 5, 2024

Gold Rises Amid US Recession Fears

Gold prices drifted higher on Monday, aided by worries that the US could be headed for a recession and rising bets that the Federal Reserve will likely need to start cutting interest rates aggressively.

Spot gold rose 0.14 percent to USD 2,446.83 per…

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Oil Falls 1% Amid US Recession Fears

Oil futures extended losses in today’s session amid market volatility, as fears of a recession in the United States overshadowed concerns that escalating tensions in the Middle East could affect oil supplies.

Asian markets fell as investors abandoned…

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