Gold surges over 3% as dip buyers pounce on weaker USD

Gold price (XAU/USD) rallies more than 3% on Friday, poised for a decent weekly gain as dip buyers emerged, following a session that pushed the yellow metal below the $4,800 mark.

Thailand: BOT’s pivot to broader measures – UOB

UOB's report by Enrico Tanuwidjaja and Sathit Talaengsatya discusses the Bank of Thailand's (BOT) shift from solely using interest rates to a broader policy framework.

Dow Jones Industrial Average surges 1,050 points as stocks rebound from tech selloff

The Dow Jones Industrial Average surged 1,050 points, or 2.15%, to close at 49,958.72, a fresh record high on Friday as stocks rebounded sharply from Thursday's tech-led selloff. The S&P 500 climbed 1.2% to 6,880.13, while the Nasdaq Composite advanced 1.0% to 22,765.45.

Fed’s Daly: Fed must watch both sides of mandate

Federal Reserve (Fed) Bank of San Francisco President Mary Daly said on a LinkedIn post on Friday that a low-hiring, low-firing environment may persist, or it may change to a no-hiring, more-firing environment.

Fed’s Jefferson: Expects economy to grow

Federal Reserve (Fed) Board of Governors Phillip Jefferson said that future Fed moves will be driven by data and views on the economic outlook. He also added on Friday that the job market is slowly stabilizing.