Tag: USA
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Gold hits over 9-month highs as U.S. Fed chief strikes dovish tone
Gold prices rebounded sharply on Wednesday as the Federal Reserve chief’s surprisingly dovish remarks on the central bank’s fight to bring down inflation sank the dollar and signaled to investors that a peak in interest rates was likely approaching. Spot gold climbed 1.2% to $1,951.43 per ounce by 3:48 p.m. ET, its highest since mid-April…
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USDA toughens up regulation of organic products for first time since 1990
The US Department of Agriculture is taking steps to improve the transparency and standards for products that are currently considered organic. For the first time in more than 30 years, the USDA is increasing the regulation of organic products, including production, handling and sales, and putting “layers of protection” around the agency’s organic seal. “The…
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