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Market Minutes
Read snapshots of the latest market news
Bank of Canada cuts rates for first time in four years
The Bank of Canada reduced its key interest rate by 25 basis points to 4.75% in June 2024, marking an end to 11 months of peak rates. The decision follows lower-than-expected GDP growth and signs of easing inflation.
5 Jun 2024, 14:11
PCE matches expectations as gold holds steady around $2,360
PCE at 2.7% YoY, matching both expectations and the previous month
31 May 2024, 13:57US Q1 GDP growth revised to 1.3%
Futures trimmed losses after US first-quarter GDP was revised down to 1.3%, as expected. Initial jobless claims rose to 219,000.
30 May 2024, 13:25Gold faces pressure in Asian session
Market participants are eagerly awaiting new US economic data and upcoming speeches from Federal Reserve policymakers for further insights on future policy directions
30 May 2024, 06:50
Germany inflation rate rises to 2.4% in May
Germany's inflation rate rose to 2.4% in May, potentially not influencing the ECB's upcoming interest rate decision but the tone.
29 May 2024, 13:50Goldman revises Fed cut timeline as economic strength persists
Goldman Sachs postpones its Fed rate cut forecast to September, citing persistent economic resilience.
24 May 2024, 14:11Gold prices hover near two-week lows
Gold prices tumbled overnight, hovering near two-week lows around $2,336, marking the first weekly loss in three weeks.
24 May 2024, 08:34UK CPI data boosts GBP/USD
Stronger-than-expected UK inflation data leads to a notable increase in the GBP/USD pair
22 May 2024, 07:41Fed's Bostic sees higher rates; BoE's Broadbent hints at cut
Atlanta Fed President Raphael Bostic predicts a higher long-term interest rate, while BoE Deputy Governor Ben Broadbent signals a potential rate cut this summer amidst ongoing inflation adjustments.
20 May 2024, 14:10Gold and silver surge to record high
Gold prices soar to a historic pinnacle of $2,450 and silver at $32,28
20 May 2024, 11:40