Tag: producer price index

The Chinese flag flies outside a commercial building in Shenzhen, China, on Tuesday, July 2, 2024. (Raul Ariano/Bloomberg)
Posted in Business

China’s deflation risk grows as signs of economic weakness mount

China’s core inflation cooled to the weakest in more than three years, adding to signs policymakers are struggling to get households spending and further putting…

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Spot gold was up 1.3% to $2,487.66 per ounce by 09:30 a.m. EDT (1330 GMT) (Representational Image/Unsplash)
Posted in Business

Gold hits record high on softer dollar, rate cut hopes, Middle East tensions

Gold prices rose to an all-time high on Friday as a cocktail of factors ranging from a weaker dollar, growing expectations for a U.S. interest-rate…

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