Beijing and Moscow have announced their intention to boost ties between the BRICS nations—a five-member alliance that includes their countries plus India, Brazil, and South Africa. China is seeking to promote financial and fiscal cooperation within the alliance, Chinese Minister of Finance Liu Kun said at the First BRICS Finance Ministers and Central Bank Governors…
Gold Prices Flat as Firmer Dollar, Yields Dim Safe-Haven Demand
April 6, 2022
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Gold prices were flat on Wednesday as hawkish comments from U.S. Federal Reserve officials bolstered the dollar and Treasury yields to multi-year highs, denting bullion’s safe-haven demand and offsetting support from uncertainty around the Ukraine war. Spot gold was flat at $1,922.59 per ounce, as of 3:20 a.m. GMT, after declining 0.4 percent earlier in…
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