Asian stocks opened higher, buoyed by Wall Street optimism that artificial intelligence will keep fueling profits at major technology firms and growing bets of a Federal Reserve interest-rate cut. Shares in Japan and South Korea rose, while Hong Kong is closed for a public holiday on Wednesday. The S&P 500 closed slightly up, while a…
Gold edged up on Thursday, as softer-than-expected U.S. producer price index (PPI) data reinforced already strong expectations for a Federal Reserve interest rate cut next week, while investors awaited key consumer inflation data for further cues. FUNDAMENTALS * Spot gold was up 0.1% at $3,645.04 per ounce, as of 0044 GMT. Bullion hit a record…
The dollar slipped on Friday as a data-heavy week wound down, keeping the case for a September Federal Reserve interest rate cut intact, while traders awaited talks in Alaska between U.S. President Donald Trump and Russian leader Vladimir Putin regarding Ukraine. The dollar, which had jumped on Thursday as data showed U.S. producer prices increased…