Spot gold recovered to $4,051.51 per ounce by the end of the week, according to market data, rebounding from an early drop below the $4,000 threshold as bargain-hunting and easing Treasury yields countered stronger U.S. labor data and persistent inflation risks. Traders weighed shifting Federal Reserve rate expectations against renewed Middle East tensions, leaving the … Read more
Gold prices face downward pressure as Federal Reserve Chair Kevin Warsh signals a potential interest rate hike, pivoting away from previous market expectations of monetary easing. Following the Fed’s decision to hold rates steady, gold slipped more than 1% as the central bank emphasized price stability as its primary objective. The shift marks a departure … Read more
Spot gold and silver prices retreated sharply following the latest U.S. inflation data, as stubborn consumer price increases and rising Treasury yields dampened safe-haven demand. Gold fell 4.26% to $4,078.00 an ounce, while silver dropped 2.66% to $63.605 per ounce, according to Kitco NewsWire. The decline follows a report showing a 4.2% annual rise in … Read more
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) has officially suspended its daily heat index forecasts, marking a shift in the nation’s weather reporting as the rainy season takes hold. The advisory, issued on Friday, June 5, confirms that the agency is reallocating its resources to prioritize hazards synonymous with the wet months, including … Read more