Gold prices advanced further on Friday after settling at their highest level since August on Thursday as expectations that the Federal Reserve might slow the pace of interest-rate hikes in Read more
Tag: softens
Oil rises as dollar softens, traders eye China COVID policy
Oil futures rose Tuesday, looking to build on an October gain, as the U.S. dollar pulled back and unconfirmed rumors circulated that China may ease COVID curbs. Price action West Read more
U.S. businesses grow at slowest pace in 2 years, ISM shows, as economy softens
The numbers: An ISM barometer of business conditions at service-oriented companies such as restaurants, hotels and retailers fell slightly to 55.3% in June and hit the lowest level in two years Read more
U.S. manufacturers grow at slowest pace in 2 years, ISM finds, as demand softens
The numbers: The ISM barometer of American factories fell 3.1 points to a two-year low of 53% in June in another sign the U.S. economy is slowing. High inflation is still Read more