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Category: finance
US stocks and gold pull back from their records
NEW YORK — Wall Street took a pause on Thursday as US stocks and even the price of gold pulled back from record highs following torrid runs. The S&P 500 slipped 0.3 percent from its latest all-time high for just its second loss in the last 10 days. The Dow Jones Industrial Average dropped 243
Fed minutes: Most officials supported further rate cuts as worries about jobs rose
WASHINGTON, United States — Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, according to minutes from last month’s meeting released Wednesday. A majority of Fed officials felt that the risk unemployment would rise had worsened since their previous meeting in July, while the risk of rising
Gold tops $4,000 for first time on political, economic worries
NEW YORK, United States – Gold topped $4,000 an ounce for the first time Wednesday as investors flocked to the safe haven metal on worries over the US government shutdown, France’s political crisis and other global economic uncertainties. US and European stock markets rose while Asian equities fell as investors also kept tabs on the