Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Commodities

28 Mar 2022

Gold Drops amid Strengthening Dollar and Resuming Ukraine-Russia Peace Talks

The Index Today

Gold fell in Asia on Monday morning as the U.S. dollar gains strength while the warring nations of Ukraine and Russia prepare to recommence diplomatic negotiations this week.

According to Investing.com, gold futures dipped by 0.54% to $1,943.6 by 1:04am ET (5:04am GMT). The 10-year U.S. Treasury yields also climbed on Friday, rising to three-year highs as markets continue to weigh surging inflation and the resulting aggressive stance adopted by the Federal Reserve. The dollar also rose on Monday morning, thus adding to dampening investor appetite for the bullion which is a safe-haven asset.

Russia and Ukraine are gearing up to resume peace talks this week to end their ongoing war which broke out after Russia invaded Ukraine on February 24. Ukraine’s President Volodymyr Zelenskiy assured his country’s neutral stance and desire to bring the war to a close soon, while also upholding the state’s rights as a democratic nation.

©Photo: DAVID GRAY / AFP

Clay pottery with table linens