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Gold slips on stronger dollar, Fed rate-hike bets

New Delhi, May 22 (Reuters) – Gold edged lower on Friday, pressured by a stronger ‌U.S. dollar and as elevated oil prices have raised expectations for interest rate hikes by the U.S. Federal Reserve. Spot gold was down 0.3% at $4,527.60 per ounce, as of 0411 GMT. The ​metal has shed about 0.2% so far in the week. U.S. gold futures ​for June delivery lost 0.3% to $4,529.10. The dollar held near a six-week ⁠high, making greenback-priced bullion more expensive for holders of other currencies. “What’s been driving (gold) ​lower has been the stronger dollar, which in turn is being

Matt Brittin takes over as BBC director general – will the former Google exec’s tech world experience be right for the job?

Matt Brittin arrives for his first day on the job.

The BBC started a new chapter on May 18 when Matt Brittin took over as director general. The former senior Google executive has come to the broadcaster at a time of profound change in both media and technology. While the worlds of media and big tech face different challenges, their corporate and competitive strategies are becoming more and more intertwined. When his appointment was first announced, Brittin stated in the press release that “now, more than ever, we need a thriving BBC that works for everyone in a complex, uncertain and fast-changing world.” Here, Brittin finds himself on very familiar

The differences — and similarities — in the Trump and Putin visits to China

BEIJING (AP) — On the surface, Chinese leader Xi Jinping’s back-to-back summits with U.S. President Donald Trump and Russia’s Vladimir Putin looked pretty similar, with formal handshakes in Beijing’s Tiananmen Square, enthusiastic greetings from flower-waving children, and marching columns of soldiers with gleaming bayonets. But the visits also revealed how different China’s relationship is with the two countries. During Trump’s visit, China sought to stabilize ties with the United States, while Putin’s trip served to deepen its strategic partnership with Russia. Xi emphasized ceremonial hospitality during Trump’s visit, including a rare tour of Zhongnanhai, a former imperial garden that now

Gold futures drop to Rs 1,59,427/10g

New Delhi, May 21 (PTI) Gold prices on Thursday dropped Rs 579 to Rs 1,59,427 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, gold contracts for the June delivery traded lower by Rs 579, or 0.36 per cent, at Rs 1,59,427 per 10 grams in a business turnover of 643 lots. Analysts attributed the fall in gold prices to weak global cues. Globally, gold futures declined by 0.41 per cent to USD 4,525.52 per ounce in New York. This report is given by Press Trust Of India. The Sen Times holds no responsibility

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