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BoJ’s Ueda highlights persistent food inflation and trade uncertainty – Action Forex
In his remarks at the BoJ-IMES Conference, BoJ Governor Kazuo Ueda highlighted a fresh wave of price pressures, particularly from food, has emerged in Japan recently. Rice prices nearly doubling year-on-year and broader non-fresh food categories climbing 7%. While BoJ expects the latest food-driven inflation spike to be transitory, Ueda acknowledged that underlying inflation now…
The chair of UK investment bank Cavendish has proposed a tax on cryptocurrency purchases | Forexlive
Lisa Gordon, chair of UK investment bank Cavendish, has proposed a tax on cryptocurrency purchases to encourage more investment in British stocks. She suggests introducing a stamp duty on crypto, similar to the 0.5% tax on London Stock Exchange shares, which already brings in substantial revenue. Gordon argues that this move could shift investment toward…
Gold strengthens as markets price in December Fed rate cut and Dollar slips | FXStreet
Gold (XAU/USD) kicks off the new month on a firm footing, climbing to its highest level since October 21 on Monday, as risk-off sentiment underpins safe-haven demand, while traders gear up for another interest rate cut by the Federal Reserve (Fed) at its December 9-10 monetary policy meeting. At the time of writing, XAU/USD is…
Gold Breaks New Highs, What’s Next? | Trading NRG
Gold continues to reach new highs, most recently passing $2,500. While many consider precious metal as a hedge against inflation, the main factors that keep gold shining are the prospect of falling interest rates, weaker USD, geopolitical unrest, and rising chances of a recession. Let’s take a look. Inflation is coming down, but so…
