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Text size Japan has had to intervene to support the sliding yen for the first time since 1998, even as it tries to keep its interest rates low. Akio Kon/Bloomberg The world has been hooked on cheap money for years. Now we’re witnessing what withdrawal looks like. Lifting interest rates from nil has produced a … Read more
Gold and silver rose sharply on Thursday, with gold logging its biggest one-day percentage gain since March and silver rallying by nearly 7% to finish at its highest price in a month. Price action Gold GC00, +1.76% GCQ22, +1.76% for October delivery gained $31.20, or 1.8%, to settle at $1,750.30 per ounce. That was the … Read more
U.S. stock-index futures were tumbling Wednesday night, extending an earlier decline on Wall Street, as Russian President Vladimir Putin authorized a “special military operation” in Ukraine. CNN on Wednesday night was reporting a cavalcade of explosions near Kyiv, the Ukrainian capital. The assault came after Putin delivered a speech on Russia media announcing the operation. … Read more