Gold prices inched higher on Thursday, after hitting a three-week low in the previous session, as investors took solace in the U.S. Federal Reserve's plan to start tapering its stimulus without hiking rates for the time being.
Federal Reserve Chair Jerome Powell and Governor Lael Brainard were spotted at the White House on Thursday as President Joe Biden mulls a decision on appointments at the central bank, according to a person close to the process.
Federal Reserve Chair Jerome Powell and Governor Lael Brainard were spotted at the White House on Thursday as President Joe Biden mulls a decision on appointments at the central bank, according to a person close to the process.
Kansas City Fed President Esther George said Friday "there's no question" the U.S. labor market is tight, adding that she would be looking carefully at how wage pressures and inflaton expectations unfold as she tries to gauge how close the economy is to the Fed's goal of.
World equities markets fluctuated after hitting new records on Thursday and ended mixed following the U.S. Federal Reserve's decision to start scaling back its bond-buying program this month.