U.S. Senate

Gold scales near three-week peak on Fed rate cut bets

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Gold scales near three-week peak on Fed rate cut bets

Gold extended gains to a near three-week high on Tuesday, as growing expectations of another U.S. Federal Reserve interest rate cut in December lifted demand for the safe-haven asset. FUNDAMENTALS * Spot gold was up 0.4% at $4,131.83 per ounce by 0053 GMT, its highest since October 24. U.S. gold futures for December delivery rose … Read more

Bill to ban TikTok on US government devices passes committee

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Bill to ban TikTok on US government devices passes committee

The Senate Homeland Security and Governmental Affairs Committee unanimously passed a bill that would ban U.S. federal workers from downloading the popular app TikTok onto U.S. government devices, Senator Josh Hawley, a bill sponsor, said in a press statement on Wednesday. The U.S. Senate unanimously approved a similar measure in August 2020. Representative Ken Buck … Read more