William Dudley News
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Gold stayed near a three-month top on Thursday after marking its best day in two weeks as the U.S. dollar slid after investors scaled back expectations for a near-term U.S. interest rate increase.
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The US industrial production fell for a second month in September due to the sluggish mining and manufacturing output, the Federal Reserve said on Friday.
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US stocks suffered big losses on Monday, as uncertainties about the timing of US interest rate hikes weighed on Wall Street sentiment.
The Federal Reserve is welcoming the sharp drop in global energy prices, with two influential policymakers on Monday cheering the boost it should provide American pocketbooks and shrugging off any pressure on already low inflation.
The Federal Reserve delivered a stark warning to the largest US banks Monday that they could be forcibly broken up if they do not reform their ways.
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