Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia, on Thursday, Aug. 9, 2018.

Gold could hit $1,400 an ounce by end 2019 — INTL FCStone

Carla Gottgens | Bloomberg | Getty Images Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia, on Thursday, Aug. 9, 2018. Gold is poised to move higher later this year, powered by the Federal Reserve’s less aggressive stance on interest rates and lingering global uncertainties, a […]

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Goldman Sachs profits fall 20%; US-China trade deal hopes grow – business live | Business

The sharp rebound in equities seen this year is beginning to look a little tired and markets were little changed amidst a downbeat set of forecasts from the IMF. While the IMF cuts its global growth forecast for 2019 and warned of downside risks, it is still projecting but with little conviction some recovery in […]

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All three F-35 variants at Edwards Air Force Base, California: the Navy's F-35C, the Marine Corps' F-35B, and the Air Force's F-35A variant.

Turkey’s Erdogan must choose US F-35 fighter jet or Russian S-400 missile system

Turkish President Recep Tayyip Erdogan now faces a choice that will have major consequences for both his foreign relations and his country’s economy. He can walk back pledges to buy a Russian missile defense system, the S-400, in favor of buying American weapons systems, or reject U.S. demands but forgo partaking in the F-35 joint […]

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UK construction activity drops as Brexit spooks clients – business live | Business

9.43am BST09:43 British builders have been stockpiling raw materials in case of a hard Brexit, according to the PMI report. Joe Hayes, economist at IHS Markit, explains: Brexit-related uncertainty continued to generate indecisiveness, ultimately hitting order book volumes. Furthermore, strong competition for contracts was also reported by some panel members. The outlook was subsequently underwhelming […]

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Asian stocks slump as US recession fears grip markets | Business

Shares in Asia Pacific have slumped after a key market indicator flashed an “amber warning” that the United States is heading for a recession. Bond yields also continued to fall across the world with Australian 10-year treasury yields falling to a record low on Monday of 1.756% in what analysts see as a strong indicator […]

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Stronger pound reflects City’s relief at receding no-deal Brexit | Phillip Inman | Business

The pound jumped to a fresh 10-month high on Wednesday after it became obvious that Britain will avoid crashing out of the EU without a deal. Obvious, that is, to City traders, who have always bet that a deal is the most likely outcome of the Brexit talks and now believe it to be a […]

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Pound hits 21-month high as Brexit delay looms – business live | Business

“The Prime Minister is right to put her cards on the table for what happens if she fails to get approval for a withdrawal deal by 12 March. Parliament must feel and accept the weight of responsibility that is on their shoulders. The message from our members is clear, nearly 80% would choose to avoid […]

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UK economy contracts in December as pre-Brexit slowdown bites – business live | Business

“It is particularly worrying to see business investment contracting significantly again, as it will impact the UK’s longer term productive capacity as well as productivity performance, and points at a low vote of confidence from business in the UK’s future. The contraction in manufacturing, despite the relatively weak pound and while the UK economy is […]

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Thatcher, Noor Inayat Khan … or Del Boy? Battle launched to be face of new £50 | Business

The announcement that the Bank of England is to introduce a redesigned polymer £50 note has sparked speculation as to who might feature on it. The Bank says it will seek public nominations via “a character selection process”. Campaigners have already begun backing their favourites. The political blog Guido Fawkes has started to petition for […]

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JP Morgan and Ford bosses pull out of Saudi event as Asian markets fall – business live

Financial markets are set for a nervous start to the week amid the Khashoggi standoff, US-China trade tensions and concern about US borrowing costs. Follow all the action live • Saudi stocks tumble on fallout from Khashoggi disappearance • UK: forecasts say economy could see worst year since crash • Theresa May vulnerable as Brexit […]

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