Gold slips 0.7% as dollar strengthens ahead of federal reserve's decision
Singapore: Gold prices fell on Tuesday, pressured by a stronger dollar, while markets looked to the Federal Reserve’s upcoming policy decision for clues on the interest rate outlook.
Spot gold fell 0.7% to $4,044.81 per ounce after rising as much as 1% on Monday. US gold futures for August delivery lost 0.8% to $4,045.40.
» Read more about: Gold slips 0.7% as dollar strengthens ahead of federal reserve's decision »
Read MoreDespite frustration over high prices, Federal Reserve is expected to keep rates unchanged — for now
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Trade War
President Donald Trump defended his administration’s tariffs on Tuesday, telling “Fox & Friends” that they have made the United States “a fortune.”
Diesel prices surged from $3.56 to $5.13 per gallon since the Iran conflict began, threatening to raise the prices of groceries and everyday essentials.
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Read MoreCathie Wood’s ARK Loads Up On Musk’s SpaceX, Tesla Again As US Tightens Its Grip On AI Competition With Robotics Curbs
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On Tuesday, ARK added 105,108 SpaceX shares valued at about $12.2 million and 40,281 Tesla shares valued at $12.4 million.
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Over Monday and Tuesday, ARK bought about $47.3 million in combined SpaceX and Tesla shares.
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The FCC restricted new Chinese humanoid and quadruped robots,
Stock Market Today, July 29: Stocks Slide on Hawkish Fed and Increased Middle East Tensions
The Burst
Can You Retire On UPS?
United Parcel Service has long been one of the world’s most trusted shipping giants, a backbone of global commerce that seems almost untouchable. But in the past half decade, shareholders have felt more turbulence than smooth sailing. The stock is down 46%.
That’s a sobering reality for a company many once viewed as a safe,
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Read MoreThe Ivy
Trump’s Post Just Sent Cannabis Stocks Soaring
It was President Donald Trump’s social feed that lit the spark on cannabis stocks this past week.
On Sunday, Trump posted a video on Truth Social highlighting the potential health benefits of hemp-derived CBD for seniors. He even floated the idea that Medicare could cover it one day.
The post came on the heels of another Trump remark just weeks ago that he was considering reclassifying marijuana at the federal level,
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Read MoreThe Spotlight
Roblox Stock Soared 60% But Is the Party Just Getting Started?
Gaming company Roblox (NYSE:RBLX) operates a massive platform that allows creators to build and share their own games with little to no existing programming knowledge.
The platform is home to tens of millions of user-generated games, known as “Experiences” by the company. In the last 12 months, the company’s shares have gained almost 60 percent,
» Read more about: Roblox Stock Soared 60% But Is the Party Just Getting Started? »