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Spot gold rose to a record high at $2740.7 an ounce, helped by demand for safe havens.
According to the Securities Exchange Commission (SEC), 26 companies will pay more than $390 million in fines for record-keeping errors, including RBC Capital, Regal Financial and TD Securities.
Gold prices hit another all-time high on July 16, as hopes for a cut in interest rates from the Federal Reserve continued to rise and some traders increased their bets on Trump's re-election as US president. Spot gold briefly hit $2451.44 an ounce, breaking the previous high set at the end of May. Signs of slowing US inflation have fueled speculation that the Federal Reserve will soon start cutting interest rates. Investors in various markets are also weighing the probability of Trump returning ...
Some analysts said they expect core PCE inflation in May to record its slowest pace of increase so far this year, which is good news for policymakers. Falling gasoline prices and generally falling commodity inflation will restrain economic growth. But this may only provide a temporary respite for the Federal Reserve, as spending categories with sticky inflation continue to put upward pressure on inflation measures, with an adverse base effect expected in the second half of the year. Analysts sai...
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