Silver price plummeted for the second straight day, extending its losses below $23.50 on Wednesday, as late US Dollar (USD) strength erased the greenback losses in the day, a headwind for the white metal. . . .Christian Borjon Valencia
U.S. retail sales fell by the most in a year in December, pulled down by declines in purchases of motor vehicles and a range of other goods, putting consumer spending and the overall economy on a weaker growth path heading into 2023. . . .Reuters
In the overseas market, gold was trading in green at $ 1,898 per ounce while in the local market the yellow metal ended the day at Rs 55,990, up 0.21%. . . .Sachin Kumar
In response to the U.S. government’s weaponization of the dollar through such measures as sanctions and trade wars, China, along with Russia and other nations . . . .Jacob G. Hornberger
Gold rallied above $1,900 an ounce for the first time since May after US consumer prices eased, giving the Federal Reserve room to slow the pace of its interest-rate hikes. . . .Eddie Spence
JPMorgan Chase & Co. is starting to phase out an offering far more associated with old-fashioned bank branches than today’s smartphone apps: safe deposit boxes. . . . Jennifer Surane