Gold breached $2,000 per ounce multiple times this week, and prices hovered around that level Friday afternoon as U.S. traders roused themselves from their tryptophan-induced Thanksgiving torpor and returned to metals markets. The latest Kitco News Weekly Gold Survey sees retail

Gold prices are holding near session highs above $2,000 an ounce as preliminary indicators point to a further contraction within the manufacturing sector and neutral activity in the service sector. Friday, the S&P Global Flash U.S. manufacturing PMI data fell to 49.4, down from

As mainstream, leading financial institutions like Goldman Sachs downplay the likelihood of a U.S. recession in 2024, Tavi Costa, Partner and Macro Strategist at Crescat Capital, warns of a starkly different outlook. There is a profusion of macro indicators that point to a hard-landing

Gold price (XAU/USD) catches fresh bids on Thursday and sicks to its modest intraday gains through the first half of the European session, albeit tlacks follow-through.  The precious metal remains below the $2,000 psychological mark session, warranting caution for bullish traders

Gold prices edged up on Thursday as the U.S. dollar ticked lower, but bullion lacked impetus as investors remained on the sidelines in holiday-thinned trading with uncertainty around the Federal Reserve's rate path. Spot gold was 0.1% higher at $1,991.70 per ounce at 1308 GMT,

Coats Group PLC announces that it has been named one of the World's Best Workplaces 2023.  Fortune and Great Place to Work® annually select the top 25 companies that are dedicated to creating exceptional workplace cultures. The team at Coats has been recognised for its

The Binance chief executive, Changpeng Zhao, has resigned after pleading guilty to money laundering violations. "I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself", he said in a post on X. The Justice Department

Although inflation pressures are easing and a weakening economy is starting to cool down the labor market, analysts have said that the Federal Reserve still isn't ready to shift its tightening bias, which is keeping hedge funds out of the gold market. The latest trade data from the

Apple, Disney and Warner Bros. Discovery on Friday became the latest big companies to pause advertising on X, formerly Twitter. Film studio Lionsgate also said it was pausing advertisements on X. A slew of large companies have pulled advertising dollars from Elon Musk's company

Jewellers hiked gold prices by Tk 1,750 per bhori today (November 18) which set a new record, with each bhori now priced at Tk 1,06,376 in Bangladesh. The new price will be effective from Sunday (November 19), said a press release of the Bangladesh Jewellers' Association (BAJUS)

Launch services between Barishal and other parts of the country resumed on Saturday (November 18) morning as it remained suspended due to cyclonic storm Midhili. Abdur Razzaque, river port official of Bangladesh Inland Water Transport Authority (BIWTA) confirmed the matter. 

One of Toronto’s oldest boutique investment firms is warning investors that gold could be a good asset to own as the world faces significant threats in the coming months and years. In his latest research report, John Ing, president and CEO of Maison Placements Canada, said he is

The US Dollar Index (DXY) rose marginally on Thursday and finished around 104.40. The Greenback recovered ground despite weak US economic data and the decline in US yields. US Continuing Jobless Claims reached the highest level since 2022, and Initial Claims rose to 231,000, the

A visiting European Union delegation led by Paola Pampaloni, deputy managing director of the Asia and Pacific Department at the European External Action Service, on Tuesday (November 14) held separate meetings with the government representatives and labour leaders. The meeting with the

The government started selling soybean oil, potatoes, onions, and lentils through ‘Truck sale’ at subsidized prices in the capital today (November 14). Senior Commerce Secretary Tapan Kanti Ghosh inaugurated the truck sale program in front of the TCB building in the

Gold fell more than 1% on Friday and was headed for a second straight weekly decline as safe-haven demand eased while the hawkish stance from Federal Reserve Chair Jerome Powell added to the downside. Palladium tumbled to five-year lows below $1,000 an ounce, hastening a retreat

Prime Minister Sheikh Hasina's ICT Affairs Adviser Sajeeb Wazed Joy has said the country's estimated loss to the economy stands at over US$3.5 billion from the six days alone between October 28 and November 6 as BNP, Jamaat-e-Islami, and their allies observed a total of six days

Turkiye’s parliament removed two international brands from its restaurants on Tuesday over their alleged support for Israel, according to an official statement and a source who named the two companies. The two companies did not immediately respond to a request for comment.

The government announced Tk 12,500 as the minimum wage for the readymade garment workers on Tuesday (November 7) amid the ongoing workers' protest. State Minister for Labour and Employment Monnujan Sufian came up with the development at a meeting held at Segunbagicha office in

An Italian judge has ordered the seizure of €779.5m ($835.5m; £676.8m) from short-term rental giant Airbnb, over alleged tax evasion. Prosecutors say the firm failed to collect a tax from landlords on around €3.7bn of rental income. Landlords in Italy are required to