By Reuters Staff
3 Min Read
(Reuters) -The U.S. economic outlook is brightening, Cleveland Federal Reserve Bank President Loretta Mester said on Monday, adding that the Federal Reserve should stick to its easy monetary policy to help support growth further.
FILE PHOTO: Cleveland Federal Reserve Bank President Loretta Mester poses during an interview on the sidelines of the American Economic Association’s annual meeting in San Diego, California, U.S., January 3, 2020. REUTERS/ Ann Saphir
“I’m thinking that we’ll see a very strong second half of the year, but we are still far from our policy goals,” Mester said in an interview on CNBC, referring to the Fed’s goals of full employment and 2% inflation.
PRECIOUS-Gold gains as dollar, U.S. Treasury yields lose shine Reuters 1 hr ago April 6 (Reuters) - Gold prices rose on Tuesday, as a weaker dollar made bullion cheaper and more attractive for buyers outside the United States, while a pull-back in U.S. Treasury yields provided further support. FUNDAMENTALS Spot gold was up 0.3% at $1,733.31 per ounce, as of 0117 GMT. Gold futures were up 0.4% at $1,735.10 per ounce. The dollar slumped to an almost two-week low versus a basket of rival currencies, while U.S. Treasury yields also fell as investors paused recent selling of government bonds. Weaker Treasury yields translate into a lower opportunity cost for holding bullion, which pays no return. But, data showing that a measure of U.S. services industry activity surged to a record high in March dimmed gold s safe-haven appeal. The data put Asian equities on track to rise after the S&P 500 and Dow indexes set records, taking some shine off t
Read more about Gold price hits more than one-week peak as dollar and yields slip on Business Standard. Gold prices rose on Tuesday to their highest level in more than a week as a weaker dollar and pullback in US bond yields lifted demand for the safe-havenmetal
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