… Federal Reserve, during the financial crisis and COVID-19 in 2008 and 2020, respectively, implemented quantitative easing through large-scale asset purchases. …
… ho has demonstrated not just willingness but eagerness to use the authorities of government to pursue political retribution.” Pulte has pushed for criminal charges against Trump’s political enemies and sought to help Trump in his effort to remove leadership of the Federal Reserve …
… In advanced economies like the United States, the Federal Reserve held its benchmark rate in a range of 3.5 to 3.75 percent at its April 29 meeting against April inflation of 3.8 percent. …
… Investors now await the monthly U.S. employment report on Friday to see if the U.S. economy remains resilient enough to keep the Federal Reserve’s monetary policy on hold. …
Spot gold rose 0.3% to $4,412.84 per ounce on Thursday, supported by a softer U.S. dollar, while investors awaited U.S. producer price index and consumer inflation data that could influence the Federal Reserve's interest-rate policy.
Spot gold rose 0.3% to $4,412.84 per ounce on Thursday, supported by a softer U.S. dollar, while investors awaited U.S. producer price index and consumer inflation data that could influence the Federal Reserve's interest-rate policy.
Spot gold dropped 0.5% to $4,405.47 per ounce on Monday as strong U.S. job growth reinforced expectations for higher interest rates, with traders pricing in a 58.4% chance of a Fed rate hike at its September 15-16 meeting. Market participants await U.S. inflation data due later in the week for further clarity on the Federal Reserve's policy direction.
Gold held steady on Friday at $4,477.10 per ounce, poised for a small weekly gain, as traders awaited U.S. payrolls data for clues on the Federal Reserve's next interest rate decision. Prices jumped 2% on Thursday after Fed Governor Christopher Waller signaled support for leaving rates unchanged if inflation pressures continue moderating.
A group of 100 firms including Google, Microsoft, OpenAI and Anthropic have signed an open letter warning that cyber-attacks using AI will become more widespread and sophisticated within months, calling on governments and organisations to strengthen cyber defences before the technology becomes too powerful to stop.
Spot gold rose 0.8% to $4,630.09 per ounce on Thursday amid currency debasement concerns and anticipation of remarks from U.S. Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium. Markets are watching for clarity on monetary policy direction, with current pricing assigning 36.5% probability to a September rate hike and 72.7% by December.
Gold rose for a third straight session as fears of a U.S. interest rate hike eased following soft economic data, while investors await the Federal Reserve's meeting minutes. Spot gold was up 0.2% at $4,424.28 per ounce, with most economists expecting the Fed to keep rates unchanged through year-end.
Oil and gold prices climbed on Wednesday as geopolitical tensions escalated, including separate attacks on shipping by the U.S. and Iran-aligned Houthis, and a North Korean missile launch, ahead of U.S. consumer price index data expected to signal potential Federal Reserve rate decisions. U.S. crude rose to $83.94 a barrel and Brent to $89.60 per barrel, while spot gold gained to $4,387.03 an ounce.
The US Federal Reserve kept interest rates unchanged between 3.5% and 3.75% for the fifth consecutive time, with Fed chairman Kevin Warsh acknowledging there is no "magic wand" to ease inflation. Policymakers voted 9-3 to hold rates steady as inflation concerns persist, particularly due to Middle East tensions and their potential impact on oil and consumer prices.
Spot gold fell 0.5% to $4,056.03 per ounce on Tuesday, pressured by a firmer dollar and attention on the Federal Reserve's policy meeting, with markets assessing the likelihood of interest rate changes in coming months.
New orders for key US-manufactured capital goods increased strongly in June while shipments posted their largest gain in 4½ years as businesses ramped up spending on artificial intelligence. The broad increase in core capital goods orders was powered by robust demand for computers, electronic products, electrical equipment, and appliances.
Asian stocks stumbled Friday on weakness in semiconductor stocks, with investors rotating into banking after strong lender earnings. Oil prices were set for their sharpest weekly rise in three months amid renewed Middle East tensions.
The U.S. Supreme Court rejected President Trump's move to restrict birthright citizenship, ruling that it violates the 14th Amendment's guarantee of citizenship to those born in the United States. The ruling came on the final day of the Court's term, which also saw decisions allowing states to ban transgender student athletes from women's sports teams and striking down campaign finance limits.
In a 5-4 decision, the US Supreme Court has blocked President Trump's effort to remove Federal Reserve Governor Lisa Cook, ruling that the administration had not provided her sufficient "due process" to challenge her removal. The court has sent the matter back to lower courts, where the administration must prove allegations that Cook committed mortgage fraud if it wishes to proceed, and Cook can contest the accusation.
Global gold prices have declined by nearly eight percent over the past month, drawing concern from policymakers and analysts over potential impacts on Ghana's export earnings, foreign exchange inflows, and fiscal outlook. The decline is attributed to expectations of higher US interest rates, a stronger US dollar, and reduced demand for defensive assets as investors reassess market conditions.
IMF Managing Director Kristalina Georgieva has warned that the global economy may never return to past stability, with economic disruptions, geopolitical conflicts, and financial instability becoming recurring features. The world faces growing uncertainty from supply chain breakdowns, inflation, trade disputes, cyber threats, climate disasters, and geopolitical conflicts, including Middle East tensions affecting energy markets.
Oil prices fell after the U.S. and Iran signed an interim agreement to end the Iran war, reopen the Strait of Hormuz, and waive U.S. sanctions on Tehran's oil. Brent crude futures dropped 1.12% to $78.66 a barrel and U.S. West Texas Intermediate fell 1.28% to $75.81 a barrel as markets priced in a faster-than-expected return of Iranian barrels.
Brent crude fell 5.1% to $78.96 a barrel and U.S. WTI fell 5.8% to $76.05 on Tuesday, reaching their lowest levels since March, as details emerged of an interim deal to end the Middle East war and reopen the Strait of Hormuz, including an agreement allowing Iran to sell oil.
US inflation rose to 4.2% in May, the fastest pace in three years, driven primarily by rising energy costs amid the US and Israel's war in Iran. The increase from 3.8% the previous month marks the third consecutive monthly rise in the Consumer Price Index.
Spot gold fell 0.2% to $4,319.98 per ounce on Tuesday for a third consecutive session, pressured by rising Treasury yields that increase the opportunity cost of holding bullion, while Middle East tensions and expectations of higher U.S. interest rates weighed on the market.
US stock markets tumbled on Friday as a strong April jobs report sparked fears the Federal Reserve will hold interest rates high longer, with the Nasdaq falling over 4%, S&P 500 down 2.6%, and Dow Jones down 1.35%. Bitcoin and other riskier assets also sold off sharply as investors repositioned away from tech stocks.
An opinion piece argues that debate over the Bank of Ghana's published financial reports has become politicized rather than focused on substantive accounting and economic analysis, with critics using standards inconsistently depending on their political position.
US President Donald Trump has appointed Bill Pulte, a housing official with no known intelligence background, as acting Director of National Intelligence, overseeing 18 government intelligence agencies. The selection has drawn criticism from lawmakers; Pulte will continue serving as Director of the Federal Housing Finance Agency during this period.
Ghana carries one of the widest real interest rate gaps of any single-digit inflation economy in Africa, with a real rate of approximately 10.6 percentage points, which economists say is constraining private sector credit access despite the Bank of Ghana holding its policy rate steady at 14 percent with headline inflation at 3.4 percent in April 2026.
Finance ministers from the Group of Seven are meeting in Paris to coordinate a response to the prolonged closure of the Strait of Hormuz caused by Iran-related conflict, which has disrupted vital oil and gas supplies through the maritime chokepoint that typically handles roughly a fifth of the world's petroleum liquids.
Kevin Warsh was confirmed as chair of the US Federal Reserve by the Senate with 54 votes in favour and 45 against, the narrowest margin for Fed chair confirmation since 1977. Warsh will succeed Jerome Powell and faces pressure from President Trump to lower interest rates despite rising inflation driven by energy costs.
US consumer prices rose at their fastest rate since May 2023, with April's consumer price index reaching 3.8%, driven by surging energy costs following the impact of the US-Israel war in Iran and disruption to the Strait of Hormuz shipping lane. The rise makes interest rate cuts by the Federal Reserve less likely this year.
Spot gold rose 0.3% to $4,701.19 per ounce on Thursday, supported by a softer dollar and growing hopes for a US-Iran peace deal. The dollar edged down 0.1% and Treasury yields eased as markets reacted to Iran reviewing a U.S. peace proposal.