Gold Holds Drop as Rising Oil, Inflation Bolster Rate-Hike Bets
Gold held a decline, as the latest US inflation report and surging oil prices bolstered the case for the Federal Reserve to hike interest rates next week.
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Gold held a decline, as the latest US inflation report and surging oil prices bolstered the case for the Federal Reserve to hike interest rates next week.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)
When US President Donald Trump announced on August 28 that the United States had secured majority control over some 65 billion barrels of Venezuelan oil through a private company, the North American Blue Energy Partners (NABEP), he called it โthe biggest oil deal in historyโ. The White House fact sheet provided the details: NABEPโs 100-year concessions on 17 oilfields with 65 billion barrels of proven reserves, a 35 per cent Pentagon stake, a 20 per cent State Department offtake at cost with...
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec. (Source: Bloomberg)
The Trump administration is intensifying economic pressure on Iran through sanctions and a blockade, with Treasury Secretary Scott Bessent saying Tehran has about 30 million barrels of crude left for potential Chinese buyers. Bloomberg News Middle East Reporter Dan Williams joins Christina Ruffini and Jeff Mason on Bloomberg This Weekend and says the strategy also amounts to a test of endurance, as Washington seeks to outlast Tehran while managing its relationship with China and domestic political pressures. (Source: Bloomberg)