Gold prices slumped on Thursday, as the yellow metal continued to be pressured by expectations of higher interest rates for longer due to surging oil prices sparked by the ongoing U.S.-Israel war on ...

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The average long-term U.S. mortgage rate climbed this week to its highest level in more than three months, a setback for prospective home shoppers this spring homebuying season.

The knock-on effects of the war in the Gulf go beyond a hold on interest rates and are set to reverberate for months.

Silver prices fell 1.5% as the US Federal Reserve maintained interest rates and a hawkish stance, reducing rate cut ...

THE Philippines’s central bank is unlikely to respond right away to recent oil price shocks, likely keeping interest rates ...

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Rising crude oil prices amid the US-Iran war are reshaping global markets, but gold and silver are under pressure due to higher interest rates. Despite geopolitical tensions, bullion prices are ...

In a news conference, Powell suggested that the central bank remains concerned about inflation that was still stubbornly ...

In a widely expected decision, the Federal Open Market Committee voted 11-1 to keep the benchmark federal funds rate anchored in a range between 3.5%-3.75%. The rate sets overnight funding costs for ...

Jerome H. Powell, the chair of the Federal Reserve, emphasized the high degree of uncertainty stemming from the conflict as he acknowledged the potential for surging energy prices to lift inflation ...