Oil Futures Climb as Markets Gauge EU, US Vaccine Progress dtnpf.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dtnpf.com Daily Mail and Mail on Sunday newspapers.
WASHINGTON The U.S. economy is heading for a prolonged period of solid growth and hiring, even though the coronavirus still poses some risk, Federal Reserve Chairman Jerome Powell noted in an interview broadcast Sunday. Speaking to CBS' "60 Minutes," Powell also indicated that the Fed does not expect the Fed to raise its benchmark interest rate, currently close to.
Gold Futures Settle Lower
WASHINGTON (dpa-AFX) - Gold prices drifted lower on Monday, pushing the most active gold futures contract to its lowest close in a week, due to a firm dollar and higher yields on U.S. Treasury Bonds.
Bond prices fell reacting to Federal Reserve Chairman Jerome Powell s comments on Sunday that the central bank wants to see inflation rise above its 2% target for an extended period before the monetary policy committee considers a revision in rates.
Traders were also looking ahead to the inflation data, due out on Tuesday.
Gold futures for June ended down $12.10 or about 0.7% at $1,732.70 an ounce, the lowest close since last Monday (April 5).
European Stocks Close Lower After Cautious Session
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks closed broadly lower on Monday, weighed down by concerns about a surge in coronavirus infections in several countries and amid caution ahead of U.S. earnings season, and release of inflation and retail sales data from the world s largest economy.
In the UK, Prime Minister Boris Johnson urged people to continue to behave responsibly as non-essential shops, restaurants, pubs and gyms are reopening today in the latest stage of the coronavirus lockdown easing in the country.
The Dutch government announced plans to extend night curfew and other restrictions until April 28. Germany is reportedly looking to introduce a bill that would give national government power to impose restrictions in states with high infection rates.