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Browsing: Business
Bullion moved higher as a weaker dollar improved buying power overseas and softer Treasury yields reduced gold holding costs Thursday.
Gold eased after hitting a one month high as the dollar firmed and risk appetite improved, while lower U.S. rate expectations kept bullion near record levels.
Oil prices surged back above $100 after the United States ordered a blockade of Iranian ports, lifting Brent and WTI as markets reacted to Gulf shipping risks.
Gold fell near a one week low as a stronger U.S. dollar, higher oil prices and fading Federal Reserve rate cut hopes weighed on bullion demand.
Gold steadied near record levels and stayed on track for a third weekly gain as Fed rate-cut bets, central bank buying and safe-haven demand supported prices.
Trump revised U.S. tariffs on steel, aluminum and copper imports, lowering rates for many derivative goods while keeping a 50% duty on core metals.
Oracle has begun a new layoff round, including 491 Washington jobs, while keeping a $50 billion capital spending plan tied to cloud and AI infrastructure.
Gold ended March near $4,562 an ounce after its worst month since 2008 as a stronger dollar, firm yields and fading rate-cut hopes hit the market.
Netflix increased U.S. subscription prices for every streaming tier, raising ad, standard and premium plans while charging more for extra members.
USPS has filed for a temporary 8% surcharge on package services, with the rate change set for April 26 pending Postal Regulatory Commission review.
