Gold collapsed more than 2.3% in trading on Tuesday, the second steepest daily drop a year after falling 2.5% on June 13. The sharp decline yesterday was due to a combination of several negative factors. The most obvious factor is the sharp rise in the Dollar on forex, where the DXY index (a basket of […]
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Australia’s retail sales turnover rose 0.3% mom to AUD 37.08B in January, matched expectations. Robert Ewing, ABS head of business statistics, said: “While the pick-up in retail spending since mid-2024 has been boosted by more Read more…
The minutes from RBA’s February meeting reinforced the central bank’s cautious approach to monetary easing, making it clear that the recent 25bps rate cut to 4.10% does “not commit them to further reductions” in subsequent Read more…
Sydney – 17 and 18 February 2025 Members present Michele Bullock (Governor and Chair), Andrew Hauser (Deputy Governor), Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Iain Ross AO, Elana Rubin AM, Carol Schwartz AO, Alison Watkins AM Others present Sarah Hunter (Assistant Governor, Economic), Christopher Kent (Assistant Governor, Financial Markets) Anthony Dickman (Secretary), David Norman Read more…